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Expertise of Independent Director and Corporate Innovation Performance of the Non-Financial Firms Listed in Nairobi Securities Exchange: The Moderating Role of Technology Diversity Strategy

Authors

  • Dr. Sharon J. Waley

    Department of Accounting and Finance, University of Eastern Africa, Baraton, Kenya
    Author

Keywords:

Expertise of Independent Director, Corporate Innovation Performance, Technology Diversity Strategy, Corporate Governance, Nairobi Securities Exchange, Non-Financial Firms, Innovation Performance

Abstract

Purpose – This study explores the moderating effect of technology diversity strategy (TDS) on the association between the expertise of independent directors (EID) and corporate innovation performance (CIP) in non-financial firms listed on the Nairobi Securities Exchange (NSE) in Kenya.

Design/Methodology – A total of 40 non-financial firms listed on the Nairobi Securities Exchange (NSE) were considered in the study. Inclusion and exclusion criteria were applied to select firms that were listed during the period 2010–2024.

Findings – The empirical results indicate that technology diversity strategy plays a significant moderating role in the nexus between independent directors’ expertise and corporate innovation performance.

Practical Implications – Non-financial listed firms can boost innovation performance by combining diverse technology strategies with the strategic oversight of independent directors.

Originality/Value – By integrating corporate governance and technology strategy perspectives, this study offers a novel explanation of how technology diversity strategy shapes the nexus between independent directors’ expertise and innovation outcomes, contributing empirical evidence from Kenyan listed firms, a context largely underexplored in prior research.

Keywords: Expertise of independent director, Corporate Innovation Performance, Technology Diversity Strategy.

Author Biography

  • Dr. Sharon J. Waley, Department of Accounting and Finance, University of Eastern Africa, Baraton, Kenya

    Sharon Waley Jepkosgei is a scholar in the Department of Accounting and Finance at the University of Eastern Africa, Baraton, Kenya. Her research interests include corporate governance, corporate innovation performance, and technology strategy in firms.

Article for BIRJ Vol. 11, Issue 2, 2025

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Published

2026-03-08

Issue

Vol. 11 No. 2 (2025)

Section

Articles

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Copyright (c) 2026 Dr. Sharon J. Waley (Author)

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