Contact Us

For Marketing, Sales and Subscriptions Inquiries
Rockefeller Center, 45 Rockefeller Plaza
20th Flr Unit #5, New York, NY 10111
United States

Conference List

The Moderating Effect of Governance Mechanisms on the Relationship Between Innovation Strategy and the Performance


Mouna REKIK 1

  1. Faculty of Economics and Management of Sfax, Tunisia 1

on Google Scholar
on PubMed

Pages: 68-93

DOI: 10.18488/journal.62.2018.53.68.93

Share :

Article History:

Received: 19 June, 2018
Revised: 03 August, 2018
Accepted: 10 September, 2018
Published: 25 September, 2018


The aim of this research is to examine the effect of innovation strategy on firm’s performance and investigate the moderating effect of ownership structure and board of directors’ characteristics, as governance attributes, on this relationship. Based on a sample of 29 Tunisian companies over a period from 2008 to 2013, we show that innovation strategy has no effect on firm’s performance. However, some corporate governance attributes are likely to affect this relationship which turns significant. Overall, the independence of board members, CEO duality, audit quality and the independence of audit committee members have moderating effects on the relationship between the innovation strategy and performance. These results illustrate the crucial role played by the board of directors in determining the relationship between the innovation strategy and firm performance.
Contribution/ Originality
This study contributes in the existing literature both theoretical and empirical reconciliations between these two corpuses: source of performance and value creation. This study is one of very few studies which have investigated the effect of internal mechanisms of governance (ownership structure and board of directors) on the relationship between the innovation strategy and the firm performance.


Innovation strategy, Performance, Corporate governance, Board of directors, Ownership structure, Audit.



Google Scholor ideas Microsoft Academic Search bing Google Scholor


This study received no specific financial support.

Competing Interests:

The author declares that there are no conflicts of interests regarding the publication of this paper.


Related Article

( 1 ) Moderating Effect of Demographics on Monetary Motivation and Employees Job Performance Relationship: Evidence from Malaysia
( 2 ) Moderating Effects of Project Management Experience, Project Team Size, Project Duration and Project Value Size on the Relationship between Project Manager’s Leadership Roles and Project Team Effectiveness in Malaysia
( 3 ) The Moderating Effect of Governance Mechanisms on the Relationship Between Innovation Strategy and the Performance
( 4 ) Relational Capabilities under Moderating and Mediating Effects to Understand their Impacts on Firm Financial Performance
( 5 ) Effects of Green Human Resource Management on Employee Green Behavior: Moderating Role of Employee Environmental Knowledge
( 6 ) Relationships Between Leadership Roles and Project Team Effectiveness as Perceived by Project Managers in Malaysia
( 7 ) Relationships among Team Trust, Team Cohesion, Team Satisfaction and Project Team Effectiveness as Perceived by Project Managers in Malaysia
( 8 ) The Effects of Exchange Rate Liberalization in Kenya on French Beans Exports
( 9 ) Does the Mena Countries May Converge in GDP to Southern European One? The Effects of International Trade
( 10 ) Can the Interdependence Effect and the Contagion Phenomena be Related with One Another?
( 11 ) Corruption’s and Democracy’s Effects on Economic Growth
( 12 ) Effective Tax Administration and Institutionalization of Accounting Systems in Small and Medium Scale Enterprises: Evidence from Nigeria
( 14 ) Consideration the Effects of Water Sector Investment on Economic Growth in Iran
( 15 ) Influence Internship Learning Effect in Business Service Sector: Using Internship Self-Efficacy as the Mediator Variable
( 16 ) The Effect of Selected Financial Ratios on Profitability: An Empirical Analysis of Listed Firms of Cement Sector in Saudi Arabia
( 17 ) An Empirical Test on Effect of Intra-Product Trade on Regional Income Distribution: The Case of Liaoning, China
( 18 ) Effects of Advertising on Consumer Behavior in Low Density Houses: The Case of Marlborough, Zimbabwe
( 20 ) The Effects of Changes in Accounting Standards on Value Relevance of Financial Statement Information of Malaysia and Nigeria Banks
( 21 ) The Effect of Outsourcing on Anglogold Ashanti Obuasi Mines Performance
( 22 ) Organisational Politics – Causes and Effects on Organisation and Employees
( 23 ) The Mediating Effect of Market Orientation on the Relationship between Entrepreneurial Orientation Dimensions and Organizational Performance: A Study on Banks in Libya
( 24 ) Confirming the Mediation Effect of A Structural Model By Using Bootstrap Approach: A Case Study of Malaysian 8th Grade Students’ Mathematics Achievement
( 25 ) Land Use/Land Cover Change and its Effects on Bamboo Forest in Benishangul Gumuz Region, Ethiopia
( 26 ) Emotional Workgroup Performance and Group Effectiveness Egyptian Context
( 27 ) The Effect of Public Debt on Domestic Product and Unemployment (An Empirical Study on the Palestinian Economy)
( 28 ) The Effect of Exchange Rate Changes on Consumer Prices in Nigeria: Evidence from VECM Model
( 29 ) The Effect of Access and Quality of Education on Economic Development in Botswana
( 30 ) Effect of Media Transportation and Advertising Transportation on Customers Responsiveness
( 31 ) The Effect of Personal Factors on the Customer Rating of the Quality of Services of the Islamic Banks Operating in the Syrian Coast
( 32 ) Does the Holiday Effect Differ from Religious to Non-Religious Holidays? Empirical Evidence from Egypt
( 33 ) Effects of Environmental Satisfaction on Family Displacement Case Study: Gohar Dasht Region, Karaj City
( 34 ) Effect of Budget Defict on Private Investment in East African Community for the Period 1981-2015: A Panel Data Analysis
( 35 ) Comparative Analysis of the Effectiveness of Coub-Douglas, Real Business Cycle, and Keynsian Growth Models in Determining Economic Growth in Nigeria
( 36 ) Effects of Corporate Social Responsibility on Banks Financial Performance in Nigeria: A Study of United Bank of Africa
( 37 ) The Effects of Exchange Rate Variability on Trade Flows in Nigeria: A Cointegration Analysis
( 38 ) The Effect of Work-Life Balance on Accounting Ethics
( 40 ) Effect of Institutional Factors on Foreign Direct Investment in Nigeria
( 41 ) An Evaluation of Effectiveness of Oversight Committees: A Case of City of Johannesburg, Section 79 Committees
( 42 ) The Effect of Internal and External Factors of Companies on Profitability and its Implications on Stock Price Index of State-Owned Banks
( 43 ) Africa's Human Capital Development: Is Public Finance Management an Effective Strategy?
( 44 ) Analysis of the Effects of Pull and Push Factors on Brain Drain: An Example of Turkey
( 45 ) The Effect of Selected Factors on Tax Revenue Mobilization in Ethiopia: The Case of Amhara Region
( 46 ) The Mediating Effect of Financial Self-Efficacy on the Financial Literacy-Behavior Relationship: A Case of Generation Y Professionals
( 47 ) Study on the Effect of Foreign Investment on Anhuis Industrial Structure Optimization
( 48 ) Activity Cost Management and its Effect on Enterprise Productivity
( 49 ) Effects of Socio-Cultural Diversity on the Performance of Private Health Care Organizations in Kogi State
( 50 ) Analysis of Effect of Profitability, Capital, Risk Financing, the Sharia Supervisory Board and Capabilities Zakat in Islamic Perspective with Circular Approach Causastion on Islamic Banks in Indonesia
( 51 ) The Effect of Corporate Social Responsibility Disclosure on Corporate Financial Performance
( 52 ) Issues of Unemployment in Nigeria: Effect of Real Exchange Rate and Inflation Interaction
( 53 ) How can Female Executives Shape the Effectiveness of Executive Compensation?- A Multi-Dimensional Approach
( 54 ) The Effectiveness of the Production of Healthy Rice in Comparison with other Rice Varieties in the Upper Northern Region of Thailand
( 55 ) Externality Effects of Sachet and Plastic Bottled Water Consumption on the Environment: Evidence from Benin City and Okada in Nigeria
( 56 ) Evaluating the Effectiveness of CAPM and APT for Risk Measuring and Assets Pricing
( 57 ) Effect of Brand Enhancement on Buying Behavior towards the Sport Sponsorship Companies in Riyadh, KSA
( 58 ) Investigating the Environmental Effects of Economic Growth in African Economies
( 59 ) Effect of Savings Deposit Rate on Stock Market Capitalization in Nigeria: An Empirical Investigation
( 60 ) The Effects of Visual Merchandising and Price Sensitivity on Impulse Purchase Behaviour among Young Apparel Shoppers in Bangladesh
( 61 ) The Effects of Macroeconomic Variables on Bank Default: A Case Study in Brazil
( 62 ) Likely Effect of Gender and Education on Information Adoption and Utilization among Sugarcane Farmers in the Nyanza Region, Kenya
( 63 ) Non-Linear Effects of Intellectual Property Rights on Technological Innovation: Evidence from Emerging and Developing Countries
( 64 ) The Effect of Disruptive Factors on Inventory Control as a Mediator and Organizational Performance in Health Department of Punjab, Pakistan
( 65 ) International Financial Reporting Standards Adoption and Earnings Management: The Fundamental Effect Framework
( 66 ) Effect of Tax Administration on Tax Revenue of States in African Countries: Evidence from Nigeria
( 67 ) The Effect of Capital Structure Decisions on Profitability of Quoted Consumer Goods in Nigeria
( 68 ) Creative Marketing and Innovative Branding: An Effective Way to Attract Customers
( 69 ) Modelling Stock Returns Volatility and Asymmetric News Effect: A Global Perspective
( 70 ) The Effects of The Covid-19 Pandemic on Exploitative and Explorative Strategies of Pharmaceutical Industries in Brazil
( 71 ) IT Governance as Drivers of Dynamic Capabilities to Gain Corporate Performance Under the Effects of Environmental Dynamism
( 74 ) Importance of Corporate Governance Quality and Voluntary Disclosures of Corporate Governance Information in Listed Malaysian Family Controlled Businesses
( 75 ) Challenges of Human Rights Abuses in Nigerian Democratic Governance – Which Way Forward ?
( 76 ) Social Security; A Public Policy for Good Governance in Nigeria: The Role of Nigerian Legislature
( 77 ) Good Governance, Rural Development and Poverty Alleviation in Nigeria: Issues and Challenges
( 78 ) Local Governance and Service Delivery in Zimbabwean Local Authorities: The Case of Harare and Masvingo Urban Municipalities
( 79 ) Specifying Quality of Governance in Transition Economies with Cluster Analysis
( 81 ) Public-Private Partnership as a Strategy for E-Governance Funding in Africa: The Gains and the Pains
( 82 ) The Importance of Public Administration Towards Achieving Good Governance for Positive National Development by Using SmartPLS 3
( 83 ) Conceptualisation of Lack of Discipline and Probity as the Main Cause towards Good Governance Practice
( 84 ) Foreign Direct Investment - Growth Linkage in Sub-Saharan Africa: Is Governance a Mediating Factor?
( 86 ) World Governance Indicators and Fraud: Evidence from One Belt One Road Countries
( 87 ) CSR Themes Quality, Good Corporate Governance, and Earnings Management: Evidence from Indonesia
( 89 ) Consideration the Relationship Between Information Communications Technology and Economic Growth in Top 10 Economic
( 92 ) Long-Run Relationships and Causality Tests Between Military Expenditure and Economic Growth in India
( 93 ) Study of the Relationship between Economic Growth and Inflation: Application to the Countries of the South Side of the Mediterranean: A Panel Data Approach
( 94 ) Relationships between Financial Development and Economic Growth: A New Approach by Inputs
( 98 ) An Assessment of the Relationship between Budget Deficit Syndrome and Consumer Welfare in Nigeria (1985 – 2014)
( 99 ) Causal Relationship between Imports and Economic Growth in Zimbabwe: An Empirical Analysis 1975 – 2013
( 100 ) Education and Income Relationship in Turkey
( 101 ) Market Share and Profitability Relationship: A Study of the Banking Sector in Nigeria
( 102 ) The Lead-Lag Relationships between Construction Investment and GDP: Granger Causality Tests and Impulse Responses Using Japanese Data
( 103 ) Examining Long Run Relationship between Household Debt and Household Savings in South Africa – An Error Correction Model and Granger Causality
( 104 ) The Relationship between Currency Conversions and International Business Transactions: Small Businesses and Travelers
( 106 ) An Investigation of the Relationship between Manufacturing Output and Economic Growth : Evidence from Nigerias Data Set
( 107 ) The Transitional Relationship between Economic Growth and Exchange Rate in Ghana: An Empirical Approach
( 108 ) The Relationship between Financial Development, Economic Growth, and Inflation: Evidence from Southeast Asia
( 110 ) The Relationship between Creative Accounting Risks and Auditing Risks from the Perspective of External Auditors in Saudi Arabia
( 111 ) The Relationship Between Market Share and Profitability of Ghanaian Banks
( 113 ) New Evidence on the Link Between Income Inequality and Misery Index: A Nonlinear Time Series Analysis
( 116 ) The Nexus between Financial Crisis and Household Consumption: Evidence from Emerging Countries
( 119 ) The Interactions between Culture, Global Mindset and Leadership in Global Context
( 120 ) The Association Between Corporate Risk Disclosure and Firm Performance in Emerging Country – The Case of Egypt
( 122 ) Republic of Zimbabwe National Water Policy: A Desk Review of the Gaps between the Policy and Its Implementation
( 125 ) The Correlation Between the Palestinian Civil Society Institutions and the Universities (Status: The Palestine Technical University Kadourie with Tulkarm Institutions)
( 126 ) Measuring the Gap Between the Syrian Accounting Qualifications and the International Accounting Education Based on IES 2 and IES 3
( 128 ) Development of the National Economies and the Foreign Trade Relations between Ukraine and Bulgaria (In the Period 2005-2014)
( 130 ) A Theoretical Analysis Upon the Environmental Health and Justice Issue: A Case Study for a Comparison Between G20s Unitary and Federal Members
( 133 ) Interfaces Between Road Infrastructure and Poverty in Africa: The Case of Malawi, 1994-2013
( 134 ) The Link Between Agricultural Budgetary Allocation and Economic Growth in Nigeria
( 137 ) Measuring and Assessing the State of Technological Innovations and the Level of Interaction between Rice Processors and Stakeholders in Rice Processing Industry in Nigeria
( 138 ) The Nexus between Urbanization, Energy Demand and Healthcare in Bangladesh
( 139 ) Correlation between Financial Difficulties and Financing Strategies among Market Stallholders in Batangas City
( 142 ) Problems of Bilateral Trade Deficit between Bangladesh and India: A 2SLS Regression Analysis
( 143 ) Exploring the Asymmetric Linkage between Commodity Prices and Fiscal Performance in Nigeria
( 144 ) Nexus between Non-Oil Sectoral Contribution and Economic Growth in Nigeria 1981-2018
( 145 ) Analysis of Causal Nexus between Defense Spending and Economic Growth in Nigeria: A Toda-Yamamoto Approach
( 147 ) The Contingent Fit between Management Control System and Capabilities on Sustainability Performance
( 148 ) Exploring the Linkages between Remittances, Economic Growth and Poverty: Empirical Evidence from Pakistan
( 150 ) Dynamic Analysis of Competitive Technology Innovation Diffusion Model
( 151 ) Technological Innovation in Central and Eastern Europe: What’s the Contribution of Innovation Policy?
( 154 ) Electronic Banking Innovations and Selected Banks Performance in Nigeria
( 155 ) Innovations Dissemination Approaches among Government Co-Operative Supporting Organisations in Tanzania
( 156 ) Intellectual Property Rights, Human Capital and Innovation in Emerging and Developing Countries
( 157 ) Innovation Strategy and Sustainability of Micro, Small and Medium Enterprises in South East Nigeria
( 159 ) A Qualitative Analysis of the Impediments to Business Innovation and Information Management in Nigeria: A Policy Stance