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Chaoqun Ni
School of Library and Information Science, University of Iowa, Iowa City, IA 52242, USA

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Correction
Published: 17 March 2021 in Sustainability
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The authors would like to make the following corrections to the published paper

ACS Style

Chuanyi Wang; Jiale Yang; Zhe Cheng; Chaoqun Ni. Correction: Wang, C.; et al. Postgraduate Education of Board Members and R&D Investment—Evidence from China. Sustainability 2019, 11, 6524. Sustainability 2021, 13, 3324 .

AMA Style

Chuanyi Wang, Jiale Yang, Zhe Cheng, Chaoqun Ni. Correction: Wang, C.; et al. Postgraduate Education of Board Members and R&D Investment—Evidence from China. Sustainability 2019, 11, 6524. Sustainability. 2021; 13 (6):3324.

Chicago/Turabian Style

Chuanyi Wang; Jiale Yang; Zhe Cheng; Chaoqun Ni. 2021. "Correction: Wang, C.; et al. Postgraduate Education of Board Members and R&D Investment—Evidence from China. Sustainability 2019, 11, 6524." Sustainability 13, no. 6: 3324.

Journal article
Published: 19 November 2019 in Sustainability
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Increasing research and development (R&D) investment has been a common strategy to advance the sustainable development of economy and competitiveness across the world. Instead of external determinants, exploring the influence of internal factors such as the characteristics of board members is an important topic, yet under-researched. This article aims to reveal whether a firm’s R&D investment is related to the directors’ postgraduate education experience. Further, we want to explore whether this relationship shows heterogeneity in different industrial environments. We analyzed information from a sample of 1374 listed companies in China using descriptive statistics, ordinary least square (OLS) regression and instrumental variable (IV) estimation, and came to the following conclusions: First, the percentage of directors with doctorates significantly increases the chance of investing R&D activities. Second, in the second industry, the higher the proportion of postgraduate education degree holder as directors in a firm, the more expenditure the firm invests in R&D activities. Yet, there is no such association in the third industry. Finally, if a capital-driven strategy is adopted, directors with a master’s degree tend to reduce R&D investment in IT companies. Findings from this research not only enrich innovation management theory, upper echelon theory, and human capital theory, but also provide insights for corporate governance and national sustainable innovation.

ACS Style

Chuanyi Wang; Jiale Yang; Zhe Cheng; Chaoqun Ni. Postgraduate Education of Board Members and R&D Investment—Evidence from China. Sustainability 2019, 11, 6524 .

AMA Style

Chuanyi Wang, Jiale Yang, Zhe Cheng, Chaoqun Ni. Postgraduate Education of Board Members and R&D Investment—Evidence from China. Sustainability. 2019; 11 (22):6524.

Chicago/Turabian Style

Chuanyi Wang; Jiale Yang; Zhe Cheng; Chaoqun Ni. 2019. "Postgraduate Education of Board Members and R&D Investment—Evidence from China." Sustainability 11, no. 22: 6524.