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Board Characteristics And The Likelihood Of Business Model Innovation Adoption: Evidence From The Smart Home Industry

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  • MICHAEL ABEBE

    (Department of Management, Vackar College of Business and Entrepreneurship, The University of Texas Rio Grande Valley, 1201 W. University Drive, Edinburg, TX 78539-2999, USA)

  • PHYU PHYU AUNG MYINT

    (Department of Management, Vackar College of Business and Entrepreneurship, The University of Texas Rio Grande Valley, 1201 W. University Drive, Edinburg, TX 78539-2999, USA)

Abstract

What role does the board of directors play in fostering organisational innovation? This study contributes to this conversation by exploring the relationship between board characteristics and business model innovation adoption. Drawing from resource dependence theory and using the smart home business model as our context, we examined the relationship among board size, CEO duality and proportion of outside directors on the likelihood of business model innovation adoption. Our analysis of 96 firms indicates that both board size and CEO duality significantly increase the likelihood of business model innovation adoption. Our findings highlight the important resource provision role boards play in promoting organisational innovation.

Suggested Citation

  • Michael Abebe & Phyu Phyu Aung Myint, 2018. "Board Characteristics And The Likelihood Of Business Model Innovation Adoption: Evidence From The Smart Home Industry," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-28, January.
    • Handle: RePEc:wsi:ijimxx:v:22:y:2018:i:01:n:s1363919618500068
    DOI: 10.1142/S1363919618500068
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    Cited by:

    1. Dhir, Amandeep & Khan, Sher Jahan & Islam, Nazrul & Ractham, Peter & Meenakshi, N., 2023. "Drivers of sustainable business model innovations. An upper echelon theory perspective," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    2. Raghavan J. Iyengar & Malavika Sundararajan, 2019. "Is Firm Innovation Associated With Corporate Governance?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(03), pages 1-24, April.
    3. Sa’adiah Munir & Gary John Rangel & Ravichandran K. Subramaniam & Mohd. Zulkhairi bin Mustapha, 2020. "Do Heterogeneous Boards Promote Firm Innovation? Evidence from Malaysia," Capital Markets Review, Malaysian Finance Association, vol. 28(1), pages 25-47.
    4. Muhammad Anwar & Syed Zulfiqar Ali Shah & Sher Zaman Khan & Muhammad Sualeh Khattak, 2019. "Manager’S Personality And Business Model Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(07), pages 1-27, October.

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