Vol. 1 No. 2 (2025)
Articles

Approach to the Relationship between Corporate Governance-Related Variables and R&D-Driven Economic Value

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  • M. Ángeles López-Cabarcos,
  • M. Luisa López-Pérez,
  • Juan Piñeiro-Chousa
M. Ángeles López-Cabarcos
Santiago de Compostela University
M. Luisa López-Pérez
Santiago de Compostela University
Juan Piñeiro-Chousa
Santiago de Compostela University
JOINETECH, volume 1, issue 2, 2025

Published 2025-12-30

Keywords

  • corporate governance; decision-making process; R&D investments; economic value; corporate boards

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How to Cite

Approach to the Relationship between Corporate Governance-Related Variables and R&D-Driven Economic Value. (2025). JOINETECH (International Journal of Economic and Technological Studies), 1(2), 1-10. https://doi.org/10.65479/joinetech.9

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Abstract

Objective: Corporate innovation is a crucial strategy for companies seeking sustainable growth, competitiveness and long-term value creation. However, its impact remains limited without the commitment of corporate governance decision-makers. The aim of this research is to analyze how the characteristics of boards of directors influence the ability to generate economic value through the organizations' commitment to innovation.

Methodology: This research uses a GLS regression model on panel data related to the most innovative European companies from 2012 to 2022.

Results: Although the results highlight the important role of female directors in improving CEO effectiveness, they also reveal the persistent challenges related to the low representation of women in senior executive positions and the complexities of nationality diversity on corporate boards. The investigation also highlights slight differences between listed and non-listed companies.

Practical implications: By examining how decisions from corporate governance decision-makers translate innovation into economic value, this research contributes to a better understanding of how to design strategies aimed at creating and maintaining sustainable business value.

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