A Contingency Model of Boards of Directors and Firm Innovation: The Moderating Role of Firm Size
研究董事会特征（规模、外部董事比例、多样性）对公司创新的影响，发现这些影响取决于公司规模，基于意大利公司样本验证了权变假设。
This study asserts that the effects of board characteristics on firm innovation need to be evaluated with reference to contingency variables. A literature review suggests that relatively few studies adopt a contingency view when examining the outcomes of boards of directors. This study examines the influence on firm innovation of characteristics such as board size, outsider ratio and board diversity, and suggests that their influence is contingent upon firm size. The model is tested on a sample of Italian companies and finds support for the contingency hypothesis. This study advances research on boards of directors by emphasizing the importance of context.