Institutional investor networks and corporate innovation: The moderating effect of female board directorship
Rangkaian pelabur institusi dan inovasi korporat: Kesan penyederhana lembaga pengarah wanita

Fakulti Ekonomi dan Pengurusan
Universiti Kebangsaan Malaysia
43600 UKM, Bangi Selangor, MALAYSIA

P110068@siswa.ukm.edu.my

Fakulti Ekonomi dan Pengurusan
Universiti Kebangsaan Malaysia
43600 UKM, Bangi Selangor, MALAYSIA

miezah@ukm.edu.my

Fakulti Ekonomi dan Pengurusan
Universiti Kebangsaan Malaysia
43600 UKM, Bangi Selangor, MALAYSIA

adibz@ukm.edu.my

Fakulti Ekonomi dan Pengurusan
Universiti Kebangsaan Malaysia
43600 UKM, Bangi Selangor, MALAYSIA

intanmaiza@ukm.edu.my

Abstract

Previous research has focused on the relationship between corporate innovation and institutional investor holdings; however, there is a dearth of studies on the pathway from institutional investor networks to corporate innovation. To address this gap, this study investigates the effect of institutional investor networks on corporate innovation via the moderating role of female board directorship. Using data from a sample of Chinese listed businesses spanning 2014 to 2023, the findings show that institutional investor networks considerably enhance both innovation input and output by providing resource and knowledge advantages. This correlation is strengthened by the presence of female board directors, suggesting that they are better able to leverage network resources and produce creative judgments. By highlighting the critical roles played by institutional investor networks and female board members in fostering corporate innovation, this study offers managers useful guidance on enhancing corporate governance and optimizing investor relations.

Keywords

corporate innovation; female board directorship; Institutional investor networks
https://doi.org/10.17576/pengurusan-2025-74-11

Citation

Xintong, L., Md Nor, H., Hamzah, N., & Abdul Rahman, I. M. (2025). Institutional investor networks and corporate innovation: The moderating effect of female board directorship. Jurnal Pengurusan, 74, –. https://doi.org/10.17576/pengurusan-2025-74-11

@article{institutional2025xintong,
  title={Institutional investor networks and corporate innovation: The moderating effect of female board directorship},
  author={Xintong, Li and Md Nor, Hamezah and Hamzah, Noradiva and Abdul Rahman, Intan Maiza},
  journal={Jurnal Pengurusan},
 

volume={74},
  number={},
  pages={—},
  year={2025},
  doi={https://doi.org/10.17576/pengurusan-2025-74-11},
  publisher={Penerbit UKM},
}

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74 (2025) –

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