{"id":"https://openalex.org/W4386413636","doi":"https://doi.org/10.1002/bse.3560","title":"Business sustainability under the influence of female directors toward the risk\u2010taking in innovation: Evidence from textual analysis","display_name":"Business sustainability under the influence of female directors toward the risk\u2010taking in innovation: Evidence from textual analysis","publication_year":2023,"publication_date":"2023-09-04","ids":{"openalex":"https://openalex.org/W4386413636","doi":"https://doi.org/10.1002/bse.3560"},"language":"en","primary_location":{"id":"doi:10.1002/bse.3560","doi":"https://doi.org/10.1002/bse.3560","is_oa":true,"landing_page_url":"https://doi.org/10.1002/bse.3560","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/bse.3560","source":{"id":"https://openalex.org/S205793605","display_name":"Business Strategy and the Environment","issn_l":"0964-4733","issn":["0964-4733","1099-0836"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Strategy and the Environment","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/bse.3560","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5076271957","display_name":"Veerawin Korphaibool","orcid":"https://orcid.org/0000-0001-7003-0078","observed_orcids":["https://orcid.org/0000-0001-7003-0078"]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]}],"countries":["TH"],"is_corresponding":false,"raw_author_name":"Veerawin Korphaibool","raw_affiliation_strings":["SASIN School of Management, Chulalongkorn University, Bangkok, Thailand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"SASIN School of Management, Chulalongkorn University, Bangkok, Thailand","institution_ids":["https://openalex.org/I158708052"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5058166698","display_name":"Pongsapak Chindasombatcharoen","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]}],"countries":["TH"],"is_corresponding":false,"raw_author_name":"Pongsapak Chindasombatcharoen","raw_affiliation_strings":["SASIN School of Management, Chulalongkorn University, Bangkok, Thailand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"SASIN School of Management, Chulalongkorn University, Bangkok, Thailand","institution_ids":["https://openalex.org/I158708052"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5053861012","display_name":"Pattanaporn Chatjuthamard","orcid":"https://orcid.org/0000-0003-1479-1969","observed_orcids":["https://orcid.org/0000-0003-1479-1969"]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]}],"countries":["TH"],"is_corresponding":true,"raw_author_name":"Pattanaporn Chatjuthamard","raw_affiliation_strings":["Center of Excellence in Management Research, For Corporate Governance and Behavioral Finance, SASIN School of Management, Chulalongkorn University, Bangkok, Thailand"],"raw_orcid":"https://orcid.org/0000-0003-1479-1969","affiliations":[{"raw_affiliation_string":"Center of Excellence in Management Research, For Corporate Governance and Behavioral Finance, SASIN School of Management, Chulalongkorn University, Bangkok, Thailand","institution_ids":["https://openalex.org/I158708052"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5085978227","display_name":"Pornsit Jiraporn","orcid":"https://orcid.org/0000-0001-5480-7158","observed_orcids":["https://orcid.org/0000-0001-5480-7158"]},"institutions":[{"id":"https://openalex.org/I130769515","display_name":"Pennsylvania State University","ror":"https://ror.org/04p491231","country_code":"US","type":"education","lineage":["https://openalex.org/I130769515"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Pornsit Jiraporn","raw_affiliation_strings":["Great Valley School of Graduate Professional Studies, The Pennsylvania State University, Malvern, Pennsylvania, USA"],"raw_orcid":"https://orcid.org/0000-0001-5480-7158","affiliations":[{"raw_affiliation_string":"Great Valley School of Graduate Professional Studies, The Pennsylvania State University, Malvern, Pennsylvania, USA","institution_ids":["https://openalex.org/I130769515"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5081482458","display_name":"Sirimon Treepongkaruna","orcid":"https://orcid.org/0000-0002-3096-8499","observed_orcids":["https://orcid.org/0000-0002-3096-8499"]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]},{"id":"https://openalex.org/I177877127","display_name":"The University of Western Australia","ror":"https://ror.org/047272k79","country_code":"AU","type":"education","lineage":["https://openalex.org/I177877127"]}],"countries":["AU","TH"],"is_corresponding":false,"raw_author_name":"Sirimon Treepongkaruna","raw_affiliation_strings":["Research Unit in Sustainability in Finance & Capital Market Development, Sasin School of Management Chulalongkorn University Bangkok Thailand","UWA Business School, University of Western Australia, Perth, Western Australia, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Unit in Sustainability in Finance & Capital Market Development, Sasin School of Management Chulalongkorn University Bangkok Thailand","institution_ids":["https://openalex.org/I158708052"]},{"raw_affiliation_string":"UWA Business School, University of Western Australia, Perth, Western Australia, Australia","institution_ids":["https://openalex.org/I177877127"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5053861012"],"corresponding_institution_ids":["https://openalex.org/I158708052"],"apc_list":{"value":4070,"currency":"USD","value_usd":4070},"apc_paid":{"value":4070,"currency":"USD","value_usd":4070},"fwci":7.3122,"has_fulltext":true,"cited_by_count":25,"citation_normalized_percentile":{"value":0.97358964,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":99},"biblio":{"volume":"33","issue":"3","first_page":"1578","last_page":"1591"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11047","display_name":"Gender Diversity and Inequality","score":0.9848999977111816,"subfield":{"id":"https://openalex.org/subfields/3318","display_name":"Gender Studies"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11047","display_name":"Gender Diversity and Inequality","score":0.9848999977111816,"subfield":{"id":"https://openalex.org/subfields/3318","display_name":"Gender Studies"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.008500000461935997,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.002300000051036477,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/women-directors","display_name":"female directors","score":0.9629999995231628},{"id":"https://openalex.org/keywords/board-of-directors","display_name":"board of directors","score":0.7770000100135803},{"id":"https://openalex.org/keywords/corporate-innovation","display_name":"corporate innovation","score":0.8830000162124634},{"id":"https://openalex.org/keywords/innovation-investment","display_name":"innovation investment","score":0.949999988079071},{"id":"https://openalex.org/keywords/risk-taking","display_name":"risk-taking","score":0.7239999771118164},{"id":"https://openalex.org/keywords/corporate-sustainability","display_name":"corporate sustainability","score":0.7139999866485596},{"id":"https://openalex.org/keywords/sustainable-development-goals","display_name":"Sustainable Development Goals","score":0.8119999766349792},{"id":"https://openalex.org/keywords/upper-echelons-theory","display_name":"upper echelons theory","score":0.8450000286102295},{"id":"https://openalex.org/keywords/board-gender-diversity","display_name":"board gender diversity","score":0.6299999952316284},{"id":"https://openalex.org/keywords/firm-profitability","display_name":"firm profitability","score":0.7350000143051147},{"id":"https://openalex.org/keywords/board-decision-making","display_name":"board decision-making","score":0.49799999594688416}],"concepts":[{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.6776955127716064},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5965853333473206},{"id":"https://openalex.org/C63479239","wikidata":"https://www.wikidata.org/wiki/Q7353546","display_name":"Robustness (evolution)","level":3,"score":0.5582980513572693},{"id":"https://openalex.org/C162144332","wikidata":"https://www.wikidata.org/wiki/Q1665305","display_name":"Instrumental variable","level":2,"score":0.5114613771438599},{"id":"https://openalex.org/C162748667","wikidata":"https://www.wikidata.org/wiki/Q683131","display_name":"Generalized method of moments","level":3,"score":0.4928550720214844},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.48015493154525757},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.47134682536125183},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.47104406356811523},{"id":"https://openalex.org/C2993931450","wikidata":"https://www.wikidata.org/wiki/Q639197","display_name":"Instrumental music","level":3,"score":0.4196184575557709},{"id":"https://openalex.org/C26760741","wikidata":"https://www.wikidata.org/wiki/Q160402","display_name":"Perception","level":2,"score":0.41356271505355835},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3709125518798828},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.3606194257736206},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.35338830947875977},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.32738831639289856},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.11787304282188416},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.11299321055412292},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C153349607","wikidata":"https://www.wikidata.org/wiki/Q36649","display_name":"Visual arts","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C169760540","wikidata":"https://www.wikidata.org/wiki/Q207011","display_name":"Neuroscience","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C558565934","wikidata":"https://www.wikidata.org/wiki/Q2743","display_name":"Musical","level":2,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C104317684","wikidata":"https://www.wikidata.org/wiki/Q7187","display_name":"Gene","level":2,"score":0.0},{"id":"https://openalex.org/C142362112","wikidata":"https://www.wikidata.org/wiki/Q735","display_name":"Art","level":0,"score":0.0},{"id":"https://openalex.org/C46312422","wikidata":"https://www.wikidata.org/wiki/Q11024","display_name":"Communication","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1002/bse.3560","doi":"https://doi.org/10.1002/bse.3560","is_oa":true,"landing_page_url":"https://doi.org/10.1002/bse.3560","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/bse.3560","source":{"id":"https://openalex.org/S205793605","display_name":"Business Strategy and the Environment","issn_l":"0964-4733","issn":["0964-4733","1099-0836"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Strategy and the Environment","raw_type":"journal-article"},{"id":"pmh:oai:pure.atira.dk:openaire/fd757a4e-be12-4098-a35a-381b811ed1fe","doi":null,"is_oa":true,"landing_page_url":"https://admin.research-repository.uwa.edu.au/en/publications/fd757a4e-be12-4098-a35a-381b811ed1fe","pdf_url":null,"source":{"id":"https://openalex.org/S4306402492","display_name":"UWA Profiles and Research Repository (UWA)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I177877127","host_organization_name":"The University of Western Australia","host_organization_lineage":["https://openalex.org/I177877127"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Korphaibool, V, Chindasombatcharoen, P, Chatjuthamard, P, Jiraporn, P & Treepongkaruna, S 2024, 'Business sustainability under the influence of female directors toward the risk-taking in innovation : Evidence from textual analysis', Business Strategy and the Environment, vol. 33, no. 3, pp. 1578-1591. https://doi.org/10.1002/bse.3560","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.1002/bse.3560","doi":"https://doi.org/10.1002/bse.3560","is_oa":true,"landing_page_url":"https://doi.org/10.1002/bse.3560","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/bse.3560","source":{"id":"https://openalex.org/S205793605","display_name":"Business Strategy and the Environment","issn_l":"0964-4733","issn":["0964-4733","1099-0836"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Strategy and the Environment","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/5","display_name":"Gender equality","score":0.6025999784469604},{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321557","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4386413636.pdf","grobid_xml":"https://content.openalex.org/works/W4386413636.grobid-xml"},"referenced_works_count":107,"referenced_works":["https://openalex.org/W124479274","https://openalex.org/W1526589366","https://openalex.org/W1545146956","https://openalex.org/W1552670893","https://openalex.org/W1555976906","https://openalex.org/W1583326850","https://openalex.org/W1597664530","https://openalex.org/W1876563381","https://openalex.org/W1964451859","https://openalex.org/W1969807098","https://openalex.org/W2000856666","https://openalex.org/W2004463963","https://openalex.org/W2004531271","https://openalex.org/W2004608055","https://openalex.org/W2009757378","https://openalex.org/W2025610165","https://openalex.org/W2026217192","https://openalex.org/W2026399745","https://openalex.org/W2026810454","https://openalex.org/W2039022470","https://openalex.org/W2044148486","https://openalex.org/W2046188163","https://openalex.org/W2054779332","https://openalex.org/W2068155429","https://openalex.org/W2070970562","https://openalex.org/W2073810004","https://openalex.org/W2075051605","https://openalex.org/W2076025404","https://openalex.org/W2083182462","https://openalex.org/W2092896545","https://openalex.org/W2096923945","https://openalex.org/W2110153620","https://openalex.org/W2112948858","https://openalex.org/W2115519090","https://openalex.org/W2118917768","https://openalex.org/W2126114123","https://openalex.org/W2126186544","https://openalex.org/W2127036993","https://openalex.org/W2129188456","https://openalex.org/W2131490746","https://openalex.org/W2138094294","https://openalex.org/W2139382679","https://openalex.org/W2142238721","https://openalex.org/W2142839228","https://openalex.org/W2144383963","https://openalex.org/W2158286266","https://openalex.org/W2160356623","https://openalex.org/W2162526731","https://openalex.org/W2165467528","https://openalex.org/W2170245281","https://openalex.org/W2173460973","https://openalex.org/W2295183398","https://openalex.org/W2325864965","https://openalex.org/W2506027366","https://openalex.org/W2538899430","https://openalex.org/W2625464253","https://openalex.org/W2737827343","https://openalex.org/W2750948933","https://openalex.org/W2751990836","https://openalex.org/W2780608276","https://openalex.org/W2795656855","https://openalex.org/W2804139479","https://openalex.org/W2892016759","https://openalex.org/W2941282123","https://openalex.org/W2941459524","https://openalex.org/W2952076487","https://openalex.org/W2954846591","https://openalex.org/W2990435623","https://openalex.org/W2993838636","https://openalex.org/W3015284146","https://openalex.org/W3016329058","https://openalex.org/W3035988668","https://openalex.org/W3040103802","https://openalex.org/W3108809739","https://openalex.org/W3118686834","https://openalex.org/W3119009022","https://openalex.org/W3121672546","https://openalex.org/W3123323948","https://openalex.org/W3123359366","https://openalex.org/W3124094388","https://openalex.org/W3124212252","https://openalex.org/W3124618612","https://openalex.org/W3124913353","https://openalex.org/W3125534766","https://openalex.org/W3125541002","https://openalex.org/W3126012573","https://openalex.org/W3126080930","https://openalex.org/W3132954129","https://openalex.org/W3139345450","https://openalex.org/W3161752577","https://openalex.org/W3162559963","https://openalex.org/W3171252296","https://openalex.org/W3180810333","https://openalex.org/W3195930529","https://openalex.org/W3210099392","https://openalex.org/W4200606017","https://openalex.org/W4220852564","https://openalex.org/W4245294174","https://openalex.org/W4281492817","https://openalex.org/W4286268918","https://openalex.org/W4288747417","https://openalex.org/W4295779112","https://openalex.org/W4296771022","https://openalex.org/W4297347313","https://openalex.org/W4306405690","https://openalex.org/W4308515307","https://openalex.org/W4313656660"],"related_works":["https://openalex.org/W4415082655","https://openalex.org/W4294408654","https://openalex.org/W2892016759","https://openalex.org/W3043972084","https://openalex.org/W4402398368","https://openalex.org/W4313407270","https://openalex.org/W4385222125","https://openalex.org/W4385220593","https://openalex.org/W4405128373","https://openalex.org/W2883307178"],"abstract_inverted_index":{"Abstract":[0],"Innovation":[1],"is":[2],"one":[3],"of":[4,34,37,68,88,113,135,152],"the":[5,35,56,84,89,121,127,133,136,139,149,153,163],"crucial":[6],"drivers":[7],"that":[8,80,145],"stimulates":[9],"firms":[10],"toward":[11,155],"Sustainable":[12],"Development":[13],"Goals":[14],"(SDGs),":[15],"but":[16],"successful":[17],"innovation":[18,24,69,73,85,159],"comes":[19],"with":[20,126],"high":[21],"uncertainty":[22],"since":[23],"involves":[25],"large":[26],"capital":[27],"expenditures":[28],"and":[29,44,50,61,107,124],"complex":[30],"processes.":[31],"The":[32,75,91,118,142],"characteristics":[33,134],"board":[36],"directors":[38,60,82,147],"(BOD)":[39],"influence":[40,148],"their":[41,48],"perceptions,":[42],"preferences,":[43],"interpretation":[45],"which":[46,157],"affect":[47],"decision\u2010making":[49],"firm":[51,164],"outcomes.":[52,141],"This":[53],"study":[54],"emphasizes":[55],"relationship":[57],"between":[58],"female":[59,81,146],"corporate":[62],"innovation.":[63],"We":[64],"use":[65],"text\u2010based":[66],"measures":[67],"(TBI)":[70],"to":[71],"capture":[72],"investment.":[74],"fixed\u2010effects":[76],"regression":[77],"results":[78,93,123],"suggest":[79],"reduce":[83],"investment":[86],"level":[87],"firm.":[90],"empirical":[92],"are":[94],"tested":[95],"for":[96],"robustness":[97],"using":[98],"a":[99,108],"two\u2010stage":[100],"least":[101],"square":[102],"instrumental":[103],"variables":[104],"(2SLS\u2010IV)":[105],"analysis":[106],"two\u2010step":[109],"system":[110],"generalized":[111],"method":[112],"moment":[114],"(GMM)":[115],"panel":[116],"estimator.":[117],"latter":[119],"supports":[120],"initial":[122],"aligns":[125],"Upper":[128],"Echelons":[129],"Theory":[130],"(UET),":[131],"where":[132],"BOD":[137,154],"determine":[138],"organizational":[140],"findings":[143],"conclude":[144],"decision":[150],"outcomes":[151],"risk\u2010neutral,":[156],"lowers":[158],"investments":[160],"while":[161],"maintaining":[162],"profitability.":[165]},"counts_by_year":[{"year":2026,"cited_by_count":11},{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":4}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2023-09-05T00:00:00"}
