Board control and corporate innovation: an empirical study of small technology-based firms

This paper follows a behavioural perspective on boards and governance in exploring the influence of board control on corporate innovation in small technology-based firms. An analysis of 135 Swedish technology-based firms suggests that board involvement in decision control may influence corporate innovation. The empirical results show that board involvement in strategic decision control is positively associated with process innovation, while board involvement in financial decision control is positively associated with organizational innovation. No association is found between board involvement in decision control and product innovation. Overall, the findings suggest that board involvement in decision control may promote corporate innovation but that different kinds of decision control influence different forms of innovation.boards of directors; corporate innovation; decision control; technology-based firms; small firms

Nonparametric estimation of the dynamic range of music signals

The dynamic range is an important parameter which measures the spread of sound power, and for music signals it is a measure of recording quality. There are various descriptive measures of sound power, none of which has strong statistical foundations. We start from a nonparametric model for sound waves where an additive stochastic term has the role to catch transient energy. This component is recovered by a simple rate-optimal kernel estimator that requires a single data-driven tuning. The distribution of its variance is approximated by a consistent random subsampling method that is able to cope with the massive size of the typical dataset. Based on the latter, we propose a statistic, and an estimation method that is able to represent the dynamic range concept consistently. The behavior of the statistic is assessed based on a large numerical experiment where we simulate dynamic compression on a selection of real music signals. Application of the method to real data also shows how the proposed method can predict subjective experts' opinions about the hifi quality of a recording

Algorithmic options for joint time-frequency analysis in structural dynamics applications

The purpose of this paper is to present recent research efforts by the authors supporting the superiority of joint time-frequency analysis over the traditional Fourier transform in the study of non-stationary signals commonly encountered in the fields of earthquake engineering, and structural dynamics. In this respect, three distinct signal processing techniques appropriate for the representation of signals in the time-frequency plane are considered. Namely, the harmonic wavelet transform, the adaptive chirplet decomposition, and the empirical mode decomposition, are utilized to analyze certain seismic accelerograms, and structural response records. Numerical examples associated with the inelastic dynamic response of a seismically-excited 3-story benchmark steel-frame building are included to show how the mean-instantaneous-frequency, as derived by the aforementioned techniques, can be used as an indicator of global structural damage