CTO Network Centrality and Corporate Innovation

被引：0

作者：

Jandik, Tomas ^{[1
]}

Lu, Juntai ^{[2
]}

机构：

[1] Univ Arkansas, Walton Coll Business, Fayetteville, AR 72701 USA

[2] Auburn Univ, Coll Business, Montgomery, AL 36117 USA

来源：

QUARTERLY JOURNAL OF FINANCE | 2024年 / 14卷 / 03期

关键词：

CTOs; social networks; centrality; innovation; RESEARCH-AND-DEVELOPMENT; CEOS;

D O I：

10.1142/S2010139224500071

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Social network centrality of chief technology officers (CTOs) affects corporate innovation. Firms with CTOs who are well-connected within the network of all business professionals invest more in research and development (R&D), receive more patents, attract more patent citations, and create more patent value. Besides the effect of the general business network centrality, higher professional network centrality of CTOs (within the network of all other CTOs) also fosters corporate innovation. In addition, firms innovate more and better if CTOs are hired by the incumbent CEOs. Ultimately, R&D investment of companies with high-centrality CTOs enhances firm value.

引用

页数：43

共 36 条

[1] Social capital: Prospects for a new concept
Adler, PS
Kwon, SW
[J]. ACADEMY OF MANAGEMENT REVIEW, 2002, 27 (01) : 17 - 40
[2] Do Hostile Takeovers Stifle Innovation? Evidence from Antitakeover Legislation and Corporate Patenting
Atanassov, Julian
[J]. JOURNAL OF FINANCE, 2013, 68 (03) : 1097 - 1131
[3] Motivating innovation in newly public firms
Baranchuk, Nina
Kieschnick, Robert
Moussawi, Rabih
[J]. JOURNAL OF FINANCIAL ECONOMICS, 2014, 111 (03) : 578 - 588
[4] Dynamic capabilities, social capital, and rent appropriation: Ties that split pies
Blyler, M
Coff, RW
[J]. STRATEGIC MANAGEMENT JOURNAL, 2003, 24 (07) : 677 - 686
[5] FACTORING AND WEIGHTING APPROACHES TO STATUS SCORES AND CLIQUE IDENTIFICATION
BONACICH, P
[J]. JOURNAL OF MATHEMATICAL SOCIOLOGY, 1972, 2 (01) : 113 - 120
[6] Financing Innovation and Growth: Cash Flow, External Equity, and the 1990s R&D Boom
Brown, James R.
Fazzari, Steven M.
Petersen, Bruce C.
[J]. JOURNAL OF FINANCE, 2009, 64 (01) : 151 - 185
[7] Burt RonaldS., 2010, NEIGHBOR NETWORKS CO
[8] A note on social capital and network content
Burt, RS
[J]. SOCIAL NETWORKS, 1997, 19 (04) : 355 - 373
[9] People I Know: Job Search and Social Networks
Cingano, Federico
Rosolia, Alfonso
[J]. JOURNAL OF LABOR ECONOMICS, 2012, 30 (02) : 291 - 332
[10] Sell-Side School Ties
Cohen, Lauren
Frazzini, Andrea
Malloy, Christopher
[J]. JOURNAL OF FINANCE, 2010, 65 (04) : 1409 - 1437

← 1 2 3 4 →