Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)

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Board Capital and Strategic Change: The Moderating Effects of Board Independence under a Random Effects Model

Authors
Xiaohong Xiao1, Siting Liu1, *
1Guizhou University of Finance and Economics, College of Business Administration Guiyang, Guizhou, China
*Corresponding author. Email: 601730179@qq.com
Corresponding Author
Siting Liu
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-042-8_153How to use a DOI?
Keywords
Board Capital; Strategic Change; Board Independence
Abstract

In the increasingly complex dynamic environment, board capital provides a new perspective for the board of directors to study corporate strategic change. In this paper, a total of 93 listed companies in the Science and Technology Innovation Board from 2017 to 2019 were selected as samples. Through coding, we use Broo Heterogeneity Index (BHI), industry embedding degree coefficient and SRAP model to measure board capital and strategic change, estimate the impact of board capital on strategic change by using the random effect model of panel data, and explore the relationship between board capital and strategic change under different degrees of board independence. The result shows that board independence moderates the relationship between board capital and strategic change, and fills the theoretical gap of board independence as a boundary condition.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
Series
Advances in Computer Science Research
Publication Date
29 December 2022
ISBN
10.2991/978-94-6463-042-8_153
ISSN
2352-538X
DOI
10.2991/978-94-6463-042-8_153How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xiaohong Xiao
AU  - Siting Liu
PY  - 2022
DA  - 2022/12/29
TI  - Board Capital and Strategic Change: The Moderating Effects of Board Independence under a Random Effects Model
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 1069
EP  - 1079
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_153
DO  - 10.2991/978-94-6463-042-8_153
ID  - Xiao2022
ER  -