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Which board members when you innovate? Board selection as a strategic change for innovation
Author(s) -
Allemand Isabelle,
Brullebaut Bénédicte,
Galia Fabrice,
Zenou Emmanuel
Publication year - 2017
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.2133
Subject(s) - business , human capital , sample (material) , on board , selection (genetic algorithm) , marketing , accounting , industrial organization , economics , computer science , chemistry , chromatography , artificial intelligence , economic growth , aerospace engineering , engineering
Firms with high innovation intensity hire directors with specific skills, and different forms of innovation require different profiles of directors. Board members may bring human and social capital that support the innovative strategies of firms. In a sample of 735 French companies, firms with high innovation intensity hire directors with specific skills, while the profiles of directors required on boards are different according to the forms of innovation implemented. Board human capital is important for innovative firms and gives them benchmarks concerning board appointment criteria.