Top Management Human Capital, Inventor Mobility, and Corporate Innovation
By Thomas J. Chemmanur, Lei-Lei Kong, Karthik Krishnan, Qianqian Yu. Journal of Financial and Quantitative Analysis, 2018
141 citations recorded by the source corpus.
Using panel data on top management characteristics and a management quality factor constructed using common factor analysis on individual management quality measures, we analyze the relation between top firm management quality and corporate innovation input and output. We show that top management quality is an important determinant of corporate innovation, with individual aspects of management quality affecting innovation in younger and older firms differently. Further, firms with higher top management quality engage in more risky (“explorative”) innovation strategies. Finally, hiring more and higher-quality inventors is an important channel through which firms with higher management quality achieve greater innovation output.
Subfields: Accounting, Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/f7ee6c3abd1e86b1c0a833244e0c0445ad249b23
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Citations in the corpus
- Brain drain: The impact of air pollution on firm performance (2020, background): “backgrounds and overseas experience tend to deliver superior performance (Giannetti et al., 2015; Chemmanur et al., 2019).”