Firm innovation as a business strategy of CEO power: Does national culture matter?
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
Firm innovation as a business strategy of CEO power: Does national culture matter?Fecha de publicación
2023Editor
WileyISSN
0964-4733; 1099-0836Cita bibliográfica
Pucheta-Martínez, M. C., & Gallego-Álvarez, I. (2024). Firm innovation as a business strategy of CEO power: Does national culture matter? Business Strategy and the Environment, 33, 3, 1865-1886. https://doi.org/10.1002/bse.3574Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://onlinelibrary.wiley.com/doi/10.1002/bse.3574Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
The influence of chief executive officer (CEO) power on innovation has only briefly been the subject of study thus far creating a need for further exploration. The purpose of this research is to provide more evidence ... [+]
The influence of chief executive officer (CEO) power on innovation has only briefly been the subject of study thus far creating a need for further exploration. The purpose of this research is to provide more evidence of the impact of CEO power on innovation as a business strategy. We also address the moderating effect that national culture has on the relationship between CEO power and innovation. The Thomson Reuters database provided the data for this research. The cohort of firms represents different countries, specifically, a sample of firms from 37 countries. To estimate the model, we used the generalised method of moments (GMM) procedure, an estimator that allows the researcher to control for unobservable heterogeneity and endogeneity. GMM also attenuates estimation bias. Our findings reveal that CEO power has a positive effect on innovation. In turn, the dimensions of national culture used here do not have the same moderating effect on the relationship between CEO power and innovation. Power distance and uncertainty avoidance negatively moderate the positive association between CEO power and innovation; individualism and indulgence reinforce the positive effect of CEO power on innovation; masculinity and long-term orientation do not affect the relationship. [-]
Publicado en
Business Strategy and the Environment, 2024, 33, 3Entidad financiadora
Ministerio de Ciencia e Innovación | Junta de Castilla y León | European Regional Development Fund
Código del proyecto o subvención
MCIN/PEICTI2021-2023/PID2021-122419OB-I00 | CLU-2019-03
Derechos de acceso
info:eu-repo/semantics/openAccess
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