Although the composition and characteristics of the board of directors of a company are similar and the internal and external environment of the company’s operation is similar, there may be significant differences in the decision-making of the board of directors of a company, which may lead to major differences in the future performance of the company ( Veltrop et al., 2015 ; Georgakakis et al., 2017 ).
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The Board Faultlines and Corporate Innovation Strategies Under the Influence of Property Rights Background and Institutional Environment.
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