质量(理念)
业务
质量管理
创新管理
面板数据
产业组织
人力资本
关系(数据库)
首都(建筑)
营销
经济
计算机科学
经济增长
服务(商务)
考古
计量经济学
哲学
认识论
历史
数据库
作者
Thomas J. Chemmanur,Lei Kong,Karthik Krishnan,Qianqian Yu
标识
DOI:10.1017/s0022109018001497
摘要
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.
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