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incumbent employees. We propose that managers’ prosocial preferences, specifically their desire not to displace and harm their … employees, deter investing in automation innovation. Using both novel and previously-used proxies of prosocial preferences (e … reports, Machiavellianism score, and charity engagement), we show that managerial prosociality decreases automation innovation …
Persistent link: https://www.econbiz.de/10014345604
We investigate the relationship between internal governance and firms' innovation. We hypothesize that internal … firm's innovation. Using the age difference between a CEO and her subordinate executives as the primary measure of internal … governance, we find a strong positive relationship between internal governance and firms' innovation output, and scientific and …
Persistent link: https://www.econbiz.de/10014350097
green innovation, this paper investigates the influence of CEO reputation, a market-based incentive mechanism, on companies …’ green innovation behavior. Utilizing green patent data from Chinese A-share listed companies in Shanghai and Shenzhen … corporate green innovation behavior and underlying mechanisms. Our findings indicate that CEO reputation has a significantly …
Persistent link: https://www.econbiz.de/10014353510
I study the relationship between a Chief Executive Officer (CEO)'s uncommon name and corporate innovation. Consistent … between CEO name uncommonness and corporate innovation quantity but not quality. To mitigate endogeneity concerns, I use the … further show that the impact on innovation output is concentrated in the areas that are well-known to the company, of low …
Persistent link: https://www.econbiz.de/10014500383
We examine the relationship of financial expert CEO on firm innovation. Using CEO individual level and firm-level data … significant negative impact on firm innovation. A financial expert CEO causes 17.5% decrease in firm innovation level. We argue … make a separate examination about this impact on innovation that acquired from outsiders …
Persistent link: https://www.econbiz.de/10012853087
D&O liability affects corporate innovation is rarely studied. We study this question by exploiting Nevada's 2001 … out-of-state incorporations. We find that firms incorporated in Nevada exhibit an increase in innovation outputs relative …, explorative innovation. Therefore, while holding D&Os liable may be overall desirable as prior studies suggest, it also entails a …
Persistent link: https://www.econbiz.de/10012853470
suggest that generalist CEOs spur innovation because they acquire knowledge beyond the firm's current technological domain …, and have skills that can be applied elsewhere should innovation projects fail. We conclude that an efficient labor market … for executives can promote innovation by providing a mechanism of tolerance for failure …
Persistent link: https://www.econbiz.de/10012923477
innovation than junior managers with foreign experience; both foreign study experience and foreign work experience have important … impacts on corporate innovation; managers with foreign experience in private enterprises have more initiatives to innovate …This study examines the impact of managerial foreign experience on corporate innovation using manually collected data …
Persistent link: https://www.econbiz.de/10012930194
innovation outputs between firms of media award-winning CEOs and a matched sample of predicted winners. However, firms headed by … analysts that follow them. These effects likely exert more pressure on managers to meet short-term goals and hence impede the … firms' innovation. We do not find the same effects for firms that have CEOs who win non-media awards. The latter category …
Persistent link: https://www.econbiz.de/10012822622
We examine the relationship of the financial expert CEOs on firm innovation. Using CEO individual-level and firm … have significant negative impacts on firm innovation. Financial expert CEOs cause 17.5% decrease in firm innovation level …-financial performance. Additionally, we exam this impact on innovation acquired outside …
Persistent link: https://www.econbiz.de/10012894850