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

被引：115
|
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
收藏
页码：1801 / 1809
页数：9
相关论文
共 32 条
  • [1] CEO career horizon influence strategic novelty of a firm: A study under the boundary condition of CEO's temporal focus
    Agnihotri, Arpita
    Bhattacharya, Saurabh
    Satya Prasad, V. K.
    JOURNAL OF MANAGEMENT & ORGANIZATION, 2022,
  • [2] CEO career horizon and prospective business strategy
    Song, Jing
    Zhang, Haomin
    Ye, Tao
    Ye, Haibo
    TECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT, 2025,
  • [3] CEO career horizon and corporate bribery: a strategic relationship perspective
    Fan, Jiasi
    Tao, Zhexiong
    Oehmichen, Jana
    van Ees, Hans
    ASIA PACIFIC JOURNAL OF MANAGEMENT, 2024, 41 (02) : 701 - 717
  • [4] CEO career horizon and tenure: Future performance implications under different contingencies
    McClelland, Patrick L.
    Barker, Vincent L., III
    Oh, Won-Yong
    JOURNAL OF BUSINESS RESEARCH, 2012, 65 (09) : 1387 - 1393
  • [5] Last dance or second chance? Firm performance, CEO career horizon, and the separation of board leadership roles
    Krause, Ryan
    Semadeni, Matthew
    STRATEGIC MANAGEMENT JOURNAL, 2014, 35 (06) : 808 - 825
  • [6] CEOs? regulatory focus and firm internationalization: The moderating effects of CEO overconfidence, narcissism and career horizon
    Biru, Ashenafi
    Filatotchev, Igor
    Bruton, Garry
    Gilbert, David
    INTERNATIONAL BUSINESS REVIEW, 2023, 32 (03)
  • [7] CEO decision horizon and firm performance: An empirical investigation
    Antia, Murad
    Pantzalis, Christos
    Park, Jung Chul
    JOURNAL OF CORPORATE FINANCE, 2010, 16 (03) : 288 - 301
  • [8] CEO Career Horizon and Corporate Social Responsibility Assurance
    Hussain, Muhammad Jameel
    Tian, Gaoliang
    Ayaz, Muhammad
    Ashraf, Adnan
    SPANISH JOURNAL OF FINANCE AND ACCOUNTING-REVISTA ESPANOLA DE FINANCIACION Y CONTABILIDAD, 2023, 52 (03): : 384 - 411
  • [9] Slowing down in the final lap: investigating the effect of CEO career horizon on green innovation in China
    Yin, Nianwei
    Wang, Ruzhou
    Jia, Liangding
    CHINESE MANAGEMENT STUDIES, 2024,
  • [10] The role of CEO transformational leadership and innovation climate in exploration and exploitation
    Zuraik, Abdelrahman
    Kelly, Louise
    EUROPEAN JOURNAL OF INNOVATION MANAGEMENT, 2019, 22 (01) : 84 - 104
1234