Indian industry spending on R&D and Innovation is low. Is risk taking related to Board Directors qualification? If majority of board members have degrees from IITs, does that improve innovation quotient? This paper addresses this issue.
Findings-
We could infer from this outcome that simply having an IIT-Bachelor’s degree is important. However, to ignite the innovation potential of a firm and put maximum effort towards it, the directors would require a research degree like PhDs. Research degree over IIT-Bachelor’s would unlock those IIT bachelor directors' research mindset and abilities and provide the research aptitude/experience to carry out R&D.
Read: https://www.merit.unu.edu/publications/wppdf/2023/wp2023-014.pdf
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