Title: Impact of family board members and CEO's business education on the investment in information technology

Authors: Amarjit Gill; Harvinder S. Mand; Parminder S. Kang; Gaganpreet Kaur

Addresses: Edwards School of Business, Department of Finance and Management Science, University of Saskatchewan, 25 Campus Drive, Saskatoon, SK, V7N-5A7, Canada ' University College Benra (Dhuri), District Sangrur, East Punjab, India ' Department of Decision Sciences, MacEwan University, 5-256C, City Centre Campus, 10700 104 Ave. NW, Edmonton, AB, T5J-4S2, Canada ' Panth Rattan Jathedar Gurcharan Singh Tohra Institute for Advance Studies in Sikhism, Bahadurgarh, District Patiala, Punjab, India

Abstract: The current study investigates the impact of family board members (FBM) and the CEO's business education (CEO_BUSEDU) on the investment in information technology (INVEST_IT) in family business enterprises (FBEs). This study considered using a survey research design to collect data from owners of FBEs in India. As robustness checks, this study utilised a two-stage least (2SLS) square model to reduce endogeneity problems. Empirical analysis shows that FBM and CEO_BUSEDU increase INVEST_IT, and financial support from foreign family members moderates the relationship between FBM and INVEST_IT. The empirical results contribute to the literature on the impact of FBM and CEO_BUSEDU on INVEST_IT. In addition, the results may help academia extend the studies on family board members, CEOs' business education, and INVEST_IT by collecting data from different countries. Furthermore, family business owners may find the results helpful in increasing INVEST_IT.

Keywords: family board members; FBM; CEO's business education; investment in information technology; India.

DOI: 10.1504/IJCG.2024.136641

International Journal of Corporate Governance, 2024 Vol.14 No.1, pp.47 - 64

Received: 12 Jun 2023
Accepted: 04 Oct 2023
Published online: 12 Feb 2024 *