Influence of educational composition on firm innovation and performance

被引:1
作者
Kromann, Lene [1 ]
Sorensen, Anders [2 ]
机构
[1] Western Univ, DAN Management & Org Studies, London, ON, Canada
[2] Copenhagen Business Sch, Dept Econ, Copenhagen, Denmark
关键词
SAMPLE SELECTION; TEAM DIVERSITY; PRODUCTIVITY; PERSPECTIVE; IMPACT; DETERMINANTS; CONSTRAINTS; MANAGEMENT; MARKET; SKILLS;
D O I
10.1080/10438599.2024.2392133
中图分类号
F [经济];
学科分类号
02 ;
摘要
Despite a strong focus on innovation from both politicians and managers, our current understanding of the relationship between managers' education level and the educational composition of the workforce in terms of innovation and their joint association with performance remains limited. For example, while most studies include workforce quality as a control, and recognize its importance, there is still little knowledge about how it influences the innovation process. The data and estimation framework used in this study enable for a detailed analysis of the importance of both managers' and workers' skill intensity and workers' skill diversity throughout the sequential innovation process that transforms ideas into valuable innovation in three stages. In addition, the availability of panel data allows us to account for various econometric issues, such as sample selection bias, reverse causality, simultaneity, and measurement errors. We conclude that educated managers, together with a balanced workforce across education length and field enhance both innovation and performance. Even more interestingly, we show that the educational level of managers influences the innovation process primarily through the recruitment of more educated workers with diverse educations. And the importance of including the indirect effect of educational composition through R&D decisions on the likelihood of innovation.
引用
收藏
页数:27
相关论文
共 50 条
[31]   Does media coverage influence firm green innovation? The moderating role of regional environment [J].
Chen, Zan ;
Jin, Jun ;
Li, Meng .
TECHNOLOGY IN SOCIETY, 2022, 70
[32]   The influence of demographic, cultural, and educational background in the boardroom on firm performance - The Croatian evidence [J].
Kramaric, Tomislava Pavic ;
Miletic, Marko .
ZBORNIK RADOVA EKONOMSKOG FAKULTETA U RIJECI-PROCEEDINGS OF RIJEKA FACULTY OF ECONOMICS, 2022, 40 (01) :79-95
[33]   The roles of competition on innovation efficiency and firm performance: Evidence from the Chinese manufacturing industry [J].
Huang, Xunjiang .
EUROPEAN RESEARCH ON MANAGEMENT AND BUSINESS ECONOMICS, 2023, 29 (01)
[34]   The effects of innovation-cost strategy, knowledge, and action in the supply chain on firm performance [J].
Craighead, Christopher W. ;
Hult, G. Tomas M. ;
Ketchen, David J., Jr. .
JOURNAL OF OPERATIONS MANAGEMENT, 2009, 27 (05) :405-421
[35]   EXAMINING THE INFLUENCE OF ENVIRONMENTAL TURBULENCE ON FIRM INNOVATION PERFORMANCE IN EMERGING MARKETS: USING AN ENVIRONMENT- STRATEGY-PERFORMANCE FRAMEWORK [J].
Mokhtarzadeh, Nima Garousi ;
Mahdiraji, Hannan Amoozad ;
Jafarpanah, Ismail ;
Cao, Dongmei .
INTERNATIONAL JOURNAL OF INNOVATION MANAGEMENT, 2022, 26 (04)
[36]   Innovating with impact: CEO attributes and their influence on firm innovation in Australia [J].
Shen, Yun ;
Wallace, Damien ;
Ramiah, Vikash ;
Reddy, Krishna .
JOURNAL OF ACCOUNTING LITERATURE, 2024,
[37]   The influence of innovation on firm risk: the moderating role of social networks [J].
Tuyen, Bui Quang ;
Lan, Mai Thanh ;
Hung, Ta Huy ;
Anh, Do Vu Phuong .
RISK MANAGEMENT-AN INTERNATIONAL JOURNAL, 2025, 27 (01)
[38]   To be or not to be digital, that is the question: Firm innovation and performance [J].
Ferreira, Joao J. M. ;
Fernandes, Cristina I. ;
Ferreira, Fernando A. F. .
JOURNAL OF BUSINESS RESEARCH, 2019, 101 :583-590
[39]   Innovation patterns and their effects on firm performance [J].
Ryu, Hyun-Sun ;
Lee, Jae-Nam .
SERVICE INDUSTRIES JOURNAL, 2016, 36 (3-4) :81-101
[40]   Knowledge sharing, innovation and firm performance [J].
Wang, Zhining ;
Wang, Nianxin .
EXPERT SYSTEMS WITH APPLICATIONS, 2012, 39 (10) :8899-8908