IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v30y2023i8p1052-1059.html
   My bibliography  Save this article

Corporate governance, firm performance and innovation: The Case of China’s listed firms engaging in OFDI

Author

Listed:
  • Mohamed Yacine Si Tayeb
  • Chen Gang Ye
  • Jiang Ming

Abstract

We examine the corporate governance and innovation relationship of China’s listed firms engaging in OFDI activity. Relying on mainstream corporate governance theories, Tobin’s Q as a measure of firm performance, and patents granted as a measure of successful corporate innovation, this study leverages data collected from the State Intellectual Property Office of China, the Chinese Research Data Services Platform as well as the China Stock Market & Accounting Database. Our sample includes 3,337 firms with a total 13,182 firm-year observations from the year 2010 to 2019, divided in two panel datasets including 6,581 firm-year observations for China listed firms engaging in OFDI, and 6,601 firm-year observations for China listed firms not engaging in OFDI.We find that board independence is the corporate governance component with the highest predictive significance on innovation, followed by board size, and that CEO duality is not a significant innovation predictor for China listed firms. We also find high incidence of CEO duality among China listed firms, although less frequent for firms engaging in OFDI, and that China listed firms that engage in OFDI activity are more innovative.

Suggested Citation

  • Mohamed Yacine Si Tayeb & Chen Gang Ye & Jiang Ming, 2023. "Corporate governance, firm performance and innovation: The Case of China’s listed firms engaging in OFDI," Applied Economics Letters, Taylor & Francis Journals, vol. 30(8), pages 1052-1059, May.
    • Handle: RePEc:taf:apeclt:v:30:y:2023:i:8:p:1052-1059
    DOI: 10.1080/13504851.2022.2036317
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2022.2036317
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2022.2036317?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:30:y:2023:i:8:p:1052-1059. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.