Impact of board characteristics and gender diversity on research and development spending in Jordan

This study undertakes an investigation into the nexus between board characteristics and research and development (R&D) investments within the specific context of Jordan. Employing a dataset comprising 24 small and medium enterprises (SMEs) operating in the service and manufacturing sectors a...

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Main Authors: Dua’a Shubita, Majd Munir Iskandrani, Hadeel Boshmaf, Hadeel Yaseen, Mohammad Fawzi Shubita
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2025-06-01
Series:Problems and Perspectives in Management
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Online Access:https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/22458/PPM_2025_02_Shubita.pdf
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author Dua’a Shubita
Majd Munir Iskandrani
Hadeel Boshmaf
Hadeel Yaseen
Mohammad Fawzi Shubita
author_facet Dua’a Shubita
Majd Munir Iskandrani
Hadeel Boshmaf
Hadeel Yaseen
Mohammad Fawzi Shubita
author_sort Dua’a Shubita
collection DOAJ
description This study undertakes an investigation into the nexus between board characteristics and research and development (R&D) investments within the specific context of Jordan. Employing a dataset comprising 24 small and medium enterprises (SMEs) operating in the service and manufacturing sectors and enlisted on the Amman Stock Exchange (ASE) throughout the period from 2010 to 2023, the empirical findings substantiate that the dimensions of the board, mainly board size and independence, exert a positive influence on the intensity of R&D expenditures. However, gender diversity exerts an inverse impact on R&D spending. Consequently, organizations with a tendency toward sustaining innovation endeavors are encouraged to accord heightened consideration to fostering gender diversity during the board selection process. However, CEO duality reveals an insignificant influence on R&D expenditures. To conclude, the study’s outcomes enrich the existing array of findings on the influence of women directors on board independence, particularly in R&D spending. Furthermore, the study offers policy recommendations, enhancing comprehension of the influence of women’s representation on R&D spending.
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issn 1727-7051
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language English
publishDate 2025-06-01
publisher LLC "CPC "Business Perspectives"
record_format Article
series Problems and Perspectives in Management
spelling doaj-art-325097afc255421c811e9df3ca935fd42025-08-20T02:38:18ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672025-06-0123291092010.21511/ppm.23(2).2025.6622458Impact of board characteristics and gender diversity on research and development spending in JordanDua’a Shubita0https://orcid.org/0000-0002-6333-8784Majd Munir Iskandrani1https://orcid.org/0000-0003-3965-3896Hadeel Boshmaf2https://orcid.org/0000-0003-4186-0085Hadeel Yaseen3https://orcid.org/0000-0002-9331-6754Mohammad Fawzi Shubita4https://orcid.org/0000-0001-7389-2108Finance Instructor, Department of Finance, The University of Jordan, Jordan; Assistant Professor of Finance, Alasala Colleges, Kingdom of Saudi ArabiaPh.D., Associate Professor of Finance, Finance Department, University of JordanPh.D., Assistant Professor, Centre for Women’s Studies, University of Jordan, JordanPh.D., Full Professor, Financial Department, Faculty of Business, Jordan University, JordanPh.D., Professor, Department of Accounting, The World Islamic Sciences and Education University, JordanThis study undertakes an investigation into the nexus between board characteristics and research and development (R&D) investments within the specific context of Jordan. Employing a dataset comprising 24 small and medium enterprises (SMEs) operating in the service and manufacturing sectors and enlisted on the Amman Stock Exchange (ASE) throughout the period from 2010 to 2023, the empirical findings substantiate that the dimensions of the board, mainly board size and independence, exert a positive influence on the intensity of R&D expenditures. However, gender diversity exerts an inverse impact on R&D spending. Consequently, organizations with a tendency toward sustaining innovation endeavors are encouraged to accord heightened consideration to fostering gender diversity during the board selection process. However, CEO duality reveals an insignificant influence on R&D expenditures. To conclude, the study’s outcomes enrich the existing array of findings on the influence of women directors on board independence, particularly in R&D spending. Furthermore, the study offers policy recommendations, enhancing comprehension of the influence of women’s representation on R&D spending.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/22458/PPM_2025_02_Shubita.pdfboard structuredecision-makingJordanR&D spendingwomen directors
spellingShingle Dua’a Shubita
Majd Munir Iskandrani
Hadeel Boshmaf
Hadeel Yaseen
Mohammad Fawzi Shubita
Impact of board characteristics and gender diversity on research and development spending in Jordan
Problems and Perspectives in Management
board structure
decision-making
Jordan
R&D spending
women directors
title Impact of board characteristics and gender diversity on research and development spending in Jordan
title_full Impact of board characteristics and gender diversity on research and development spending in Jordan
title_fullStr Impact of board characteristics and gender diversity on research and development spending in Jordan
title_full_unstemmed Impact of board characteristics and gender diversity on research and development spending in Jordan
title_short Impact of board characteristics and gender diversity on research and development spending in Jordan
title_sort impact of board characteristics and gender diversity on research and development spending in jordan
topic board structure
decision-making
Jordan
R&D spending
women directors
url https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/22458/PPM_2025_02_Shubita.pdf
work_keys_str_mv AT duaashubita impactofboardcharacteristicsandgenderdiversityonresearchanddevelopmentspendinginjordan
AT majdmuniriskandrani impactofboardcharacteristicsandgenderdiversityonresearchanddevelopmentspendinginjordan
AT hadeelboshmaf impactofboardcharacteristicsandgenderdiversityonresearchanddevelopmentspendinginjordan
AT hadeelyaseen impactofboardcharacteristicsandgenderdiversityonresearchanddevelopmentspendinginjordan
AT mohammadfawzishubita impactofboardcharacteristicsandgenderdiversityonresearchanddevelopmentspendinginjordan