| Summary: | 碩士 === 銘傳大學 === 國際企業學系碩士在職專班 === 95 === Innovation is the essential factor for the firm competition. However, the long-term and uncertainty of the environment, it is hard for Board and CEO to evaluate the R&D activities.
This study attempts to examine the effects of Board of Directors and CEO Compositions on innovation performance. Based on upper echelons theory, the view of the structure of ownerships, and the view of corporate governance, hypotheses were proposed and then examined through an empirical study.
The research focused on the IT companies in Taiwan Emerging Stock Market, and the sample includes a total of 280 observations from year 2002 to 2005. This study is to test the relationship by conducting a multiple regression analysis. The empirical results are as following:
(1) The education degree of CEO would have significant positive influence on R&D intensity. The ratio of outsider directors would have significant negative influences on R&D intensity.
(2) CEO tenure would have significant negative influences on R&D intensity.
(3) The shareholdings of CEO, duality, the ratio of family directors would not have apparent influences in innovation strategy.
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