The influence of CEO power on explorative and exploitative organizational innovation

被引：125

作者：

Sariol, Ana M. ^{[1
]}

Abebe, Michael A. ^{[2
]}

机构：

[1] Univ South Dakota, Dept Management, Beacom Sch Business, 414 E Clark St, Vermillion, SD 57069 USA

[2] Univ Texas Rio Grande Valley, Robert C Vackar Coll Business & Entrepreneurship, Dept Management, 1201 West Univ Dr, Edinburg, TX 78539 USA

来源：

JOURNAL OF BUSINESS RESEARCH | 2017年 / 73卷

关键词：

CEO power; Innovation; Exploitation; Exploration; Behavioral agency theory; CEO origin; FIRM PERFORMANCE; AMBIDEXTERITY; MANAGEMENT; SUCCESSION; ORIGIN; IMPACT;

D O I：

10.1016/j.jbusres.2016.11.016

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Despite the growing research evidence on the effect of powerful CEOs on organizational outcomes, their role in shaping the firm's innovation agenda has received little scholarly attention. This study examines the effect of CEO power on exploratory and exploitative innovation. Drawing from core arguments of Behavioral Agency Theory, this study proposes that firms led by powerful CEOs are likely to pursue more exploratory and less exploitative innovations. Furthermore, these relationships are significantly strengthened by CEO Outsider Status. Using data from 150 U.S. firms, the results reveal a significant positive relationship between CEO power and explorative innovation. Contrary to predictions, firms led by powerful CEOs engage in more not less exploitative innovation when the CEO is appointed from outside the firm. Overall, the findings provide a more nuanced explanation of the link between CEO power and organizational innovation. Implications for research and practice are discussed. (C) 2016 Elsevier Inc All rights reserved.

引用

页码：38 / 45

页数：8

共 46 条

[1] Organizational and competitive influences of exploration and exploitation activities in small firms [J].

Abebe, Michael A. ;

Angriawan, Arifin .

JOURNAL OF BUSINESS RESEARCH, 2014, 67 (03) :339-345

[2] Powerful CEOs and their impact on corporate performance [J].

Adams, RB ;

Almeida, H ;

Ferreira, D .

REVIEW OF FINANCIAL STUDIES, 2005, 18 (04) :1403-1432

[3] Are Good Performers Bad Acquirers? [J].

Baker, H. Kent ;

Dutta, Shantanu ;

Saadi, Samir ;

Zhu, PengCheng .

FINANCIAL MANAGEMENT, 2012, 41 (01) :95-118

[4] Exploitation, exploration, and process management: The productivity dilemma revisited [J].

Benner, MJ ;

Tushman, ML .

ACADEMY OF MANAGEMENT REVIEW, 2003, 28 (02) :238-256

[5]

Berger R., 2016, INNOVATING TOP GLOBA

[6] CEO overconfidence, CEO dominance and corporate acquisitions [J].

Brown, Rayna ;

Sarma, Neal .

JOURNAL OF ECONOMICS AND BUSINESS, 2007, 59 (05) :358-379

[7] Acquisitions and CEO power: Evidence from French networks [J].

Chikh, Sabrina ;

Filbien, Jean-Yves .

JOURNAL OF CORPORATE FINANCE, 2011, 17 (05) :1221-1236

[8] Leadership succession and firm performance in an emerging economy: Successor origin, relational embeddedness, and legitimacy [J].

Chung, Chi-Nien ;

Luo, Xiaowei Rose .

STRATEGIC MANAGEMENT JOURNAL, 2013, 34 (03) :338-357

[9] The moderating effect of CEO power on the board composition-firm performance relationship [J].

Combs, James G. ;

Ketchen, David J., Jr. ;

Perryman, Alexa A. ;

Donahue, Maura S. .

JOURNAL OF MANAGEMENT STUDIES, 2007, 44 (08) :1299-1323

[10]

Crossan MM, 2010, J MANAGE STUD, V47, P1154, DOI [10.1111/J.1467-6486.2009.00880.X, 10.1111/j.1467-6486.2009.00880.x]

← 1 2 3 4 5 →