Template-type: ReDIF-Paper 1.0
Author-Name: Bianchini, Stefano
Author-Email: s.bianchini@unistra.fr
Author-Name:  Krafft, Jackie 
Author-Email: jackie.krafft@idefi.cnrs.fr
Author-Name:  Quatraro, Francesco
Author-Email: francesco.quatraro@unito.it
Author-Name:  Ravix, Jacques
Author-Email: jacques.ravix@gredeg.cnrs.fr
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Corporate Governance, Innovation and Firm Age: Insights and New Evidence.
Abstract: This paper investigates the relationship between corporate governance (CG) and innovation according to firms’ 
age by combining insights from the recent strand of contributions analysing CG and innovation with the lifecycle literature.
We find a negative relationship between CG and innovation which is stronger for young firms than for mature ones. 
The empirical analysis is carried out on a sample of firms drawn from the ISSR isk Metrics database and observed over the period 2003
-2008. The parametric methodology provides results that are consistent with the literature and supports the idea that mature firms
are better off than young ones.
We check for possible non-linearities by implementing a non-parametric analysis and suggest that the negative relationship between CG and innovation is
mostly driven by higher values of CG.
Length: 40 pages
Creation-Date: 2015-01
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2015dip/wp_4_2015.pdf
File-Format: Application/PDF
Handle: RePEc:uto:labeco:201502