Horizon problem and firm innovation: The influence of CEO career horizon, exploitation and exploration on breakthrough innovations

被引：123

作者：

Cho, Sam Yul ^{[1
]}

Kim, Sang Kyun ^{[2
]}

机构：

[1] Oregon State Univ, Coll Business, Dept Strategy & Entrepreneurship, Corvallis, OR 97331 USA

[2] Sungkyunkwan Univ, Sch Business, Dept Org & Human Resources, Seoul 03063, South Korea

来源：

RESEARCH POLICY | 2017年 / 46卷 / 10期

基金：

新加坡国家研究基金会;

关键词：

CEO career horizon; Breakthrough innovation; Risk aversion; Legacy conservation; Labor market evaluation; Organizational learning behavior; DIVERSIFICATION STRATEGY; SEARCH BEHAVIOR; PERFORMANCE; MANAGEMENT; IMPACT; MODEL; COLLABORATION; DETERMINANTS; CAPABILITIES; ORGANIZATION;

D O I：

10.1016/j.respol.2017.08.007

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Building on labor market evaluations and legacy conservation motivation perspectives, we propose a mechanism to explain the relationship between CEO career horizons and breakthrough innovations. Using 10-year panel data from 681 U.S. firms, we find that firms that have a CEO with a short career horizon tend to produce fewer breakthrough innovations. We also find that the relationship between CEO career horizon and breakthrough innovation is partially mediated by R & D spending, and also moderated by organizational learning behavior (exploration vs. exploitation). This study highlights how a CEO's motivation to protect success in the short term affects the firm's innovativeness.

引用

页码：1801 / 1809

页数：9

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