This study investigates the relationship between the diversity in backgrounds of a firm’s board of directors and the amount of innovation that a firm achieves. This study develops a dataset using the manufacturing firms on the S&P 500 list and develops an appropriate economic model through the use of the Cobb-Douglas Production Function and other economic theories. The empirical results indicate that the majority of board characteristics are insignificant in determining the innovation levels of a firm.
Walton, Marla L., "An Empirical Analysis of the Relationship Between the Diversity in Backgrounds of a Firm’s Board of Directors and a Firm’s Innovation Levels" (2016). Senior Independent Study Theses. Paper 7023.
Bachelor of Arts
Senior Independent Study Thesis
© Copyright 2016 Marla L. Walton