Gender Diversity and Independency: Threat or Opportunity in Managing Innovative Property?

Literature Review And Theorical Background

There is no unique theory to explain corporate governance or no agreed theory to find an answer to the question, ‘What is good governance?’ Stakeholder theory, agency theory, resource dependency theory, and upper echelons theory have been employed to explain corporate governance, especially where relating to the structure of the board and top management. The structure and attributes of boards have been defined and discussed in regulations, reports, and codex in various countries. In order to better understand the association among the attributes of the boards and top management team members and intangible assets, the following sub-titles are examined. First, theoretical background deals with why independent and women should be represented on boards or in top management. The relationship among independency, gender, and intangible investment is discussed based on these theoretical explanations. Then recent studies and empirical findings are analyzed in order to reveal the connection among the board of directors, top management, and intangible assets. Second, an overview of institutional settings from various countries is elaborated to understand the historical evolution of regulations with respect to boards and top management.