TY - JOUR
T1 - Do not change horses
T2 - specialist CEOs enhance innovation
AU - Koo, Kwang Joo
N1 - Publisher Copyright:
© 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2019/8/3
Y1 - 2019/8/3
N2 - This study examines the relation between specialist Chief Executive Officers(CEOs) and their firms’ future performance, particularly regarding innovation. While human capital theory predicts that firms should innovate better when their CEOs possess more human capital, this relationship has been hard to measure empirically. As a result, little is known about the role of individual CEOs on innovation performance. Using a unique dataset on CEO human capital characteristics for S&P 1500 firms between 1993 and 2010, we examine whether specialist CEOs with strong firm-specific human capital have a significant long-term influence on firm innovation. Our findings support the idea that specialist CEOs promote both a higher magnitude of innovation and higher quality innovation for their current firms. The evidence indicates that the specificity of CEO human capital matters in the context of innovation as a long-term firm outcome.
AB - This study examines the relation between specialist Chief Executive Officers(CEOs) and their firms’ future performance, particularly regarding innovation. While human capital theory predicts that firms should innovate better when their CEOs possess more human capital, this relationship has been hard to measure empirically. As a result, little is known about the role of individual CEOs on innovation performance. Using a unique dataset on CEO human capital characteristics for S&P 1500 firms between 1993 and 2010, we examine whether specialist CEOs with strong firm-specific human capital have a significant long-term influence on firm innovation. Our findings support the idea that specialist CEOs promote both a higher magnitude of innovation and higher quality innovation for their current firms. The evidence indicates that the specificity of CEO human capital matters in the context of innovation as a long-term firm outcome.
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U2 - 10.1080/09537325.2019.1566525
DO - 10.1080/09537325.2019.1566525
M3 - Article
AN - SCOPUS:85060499440
SN - 0953-7325
VL - 31
SP - 875
EP - 887
JO - Technology Analysis and Strategic Management
JF - Technology Analysis and Strategic Management
IS - 8
ER -