Breaking Through? The Divergent Consequences of CEO Political Ideology on Firm Inventiveness

IF 9.3 1区管理学 Q1 BUSINESS

Journal of Management Pub Date : 2024-12-05 DOI:10.1177/01492063241300117

Andreea N. Kiss, Qianqian Yu, François Neville, Andrew Ward

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引用次数: 0

Abstract

We draw on upper-echelons literature recognizing the important role of CEOs in firm strategy, including innovation, and research on CEO political ideology and executive discretion to explore the relationship between CEO political ideology and firm breakthrough inventions. We suggest that CEO liberalism is a double-edged sword and is positively associated with firm breakthrough inventions but also less-useful inventions. We suggest that these relationships are shaped by three different sources of executive discretion: CEO-TMT pay gap, institutional investors, and existing product-market competition. We find support for our hypotheses on a sample of 581 public firms using firms’ patenting and citation activities to capture inventions. We infuse a values, contingency-based perspective to work on CEO characteristics and firm breakthrough inventions, provide a more comprehensive understanding of the multifaceted nature of managerial discretion in setting or deviating firms on/from certain technological trajectories, and extend work on political ideology by showing the relevance of political ideology for explaining not just variations in firm internal resource allocation decisions, corporate activism, and entrepreneurship but also in the level and nature of inventions it produces.

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突破?CEO政治意识形态对企业创造力的不同影响

我们借鉴上层文献认识到CEO在企业战略（包括创新）中的重要作用，以及对CEO政治意识形态和高管自由裁量权的研究，探讨CEO政治意识形态与企业突破性发明之间的关系。我们认为，CEO自由主义是一把双刃剑，它与公司突破性发明呈正相关，但也与不太有用的发明呈正相关。我们认为，这些关系是由三个不同的行政自由裁量权来源形成的：CEO-TMT薪酬差距、机构投资者和现有产品-市场竞争。我们在581家上市公司的样本中发现了对我们假设的支持，这些公司使用公司的专利和引用活动来捕捉发明。我们将基于价值和权变的视角注入到CEO特征和企业突破性发明的研究中，对管理自由裁量权在设定或偏离企业特定技术轨迹时的多面性提供了更全面的理解，并通过展示政治意识形态的相关性来扩展政治意识形态的研究，不仅可以解释企业内部资源配置决策、企业行动主义、还有企业家精神，还包括它所产生的发明的水平和性质。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Management Multiple-

CiteScore

22.40

自引率

5.20%

发文量

期刊介绍： The Journal of Management (JOM) aims to publish rigorous empirical and theoretical research articles that significantly contribute to the field of management. It is particularly interested in papers that have a strong impact on the overall management discipline. JOM also encourages the submission of novel ideas and fresh perspectives on existing research. The journal covers a wide range of areas, including business strategy and policy, organizational behavior, human resource management, organizational theory, entrepreneurship, and research methods. It provides a platform for scholars to present their work on these topics and fosters intellectual discussion and exchange in these areas.