Investors respond negatively to executives’ discussion of creativity

IF 3.4 2区管理学 Q2 MANAGEMENT

Organizational Behavior and Human Decision Processes Pub Date : 2022-07-01 DOI:10.1016/j.obhdp.2022.104155

Michael P. Haselhuhn , Elaine M. Wong , Margaret E. Ormiston

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引用次数: 2

Abstract

Creativity and innovation are often considered to be essential characteristics of effective organizations. However, recent experimental research suggests that individual-level creativity in the workplace is not always perceived positively because of the uncertainty inherent in creative ideas. Although this research has advanced our understanding of perceptions of individual creativity in organizations, less is known about whether this creativity bias holds in real world contexts and, if so, whether there are organizational consequences. In this paper, we examine the organizational implications of executives’ use of words related to creativity and innovation (i.e., creativity-speak) during quarterly earnings calls. We predict that due to the association between creativity and uncertainty, market reactions to creativity-speak will be negative. However, we also predict that these same discussions of creativity will be associated with higher firm financial performance. We find support for our predictions, and additionally find that the creativity bias can be ameliorated through executives’ use of a positive tone when discussing creativity and innovation. Our study has a number of theoretical implications for the study of creativity, innovation, and executive communication.

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投资者对高管对创造力的讨论反应消极

创造力和创新通常被认为是有效组织的基本特征。然而，最近的实验研究表明，在工作场所，个人层面的创造力并不总是被认为是积极的，因为创造性想法固有的不确定性。尽管这项研究提高了我们对组织中个人创造力的理解，但对于这种创造力偏见是否在现实世界中存在，以及如果存在，是否会对组织产生影响，我们知之甚少。在本文中，我们研究了高管在季度财报电话会议中使用与创造力和创新相关的词汇(即创造力语言)的组织含义。我们预测，由于创造力和不确定性之间的关联，市场对创造力言论的反应将是负面的。然而，我们也预测，这些关于创造力的讨论将与更高的公司财务绩效相关联。我们发现了对我们预测的支持，并且还发现，通过高管在讨论创造力和创新时使用积极的语气，可以改善创造力偏见。我们的研究对创造力、创新和高管沟通的研究有许多理论意义。

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

Organizational Behavior and Human Decision Processes Multiple-

CiteScore

8.90

自引率

4.30%

发文量

期刊介绍： Organizational Behavior and Human Decision Processes publishes fundamental research in organizational behavior, organizational psychology, and human cognition, judgment, and decision-making. The journal features articles that present original empirical research, theory development, meta-analysis, and methodological advancements relevant to the substantive domains served by the journal. Topics covered by the journal include perception, cognition, judgment, attitudes, emotion, well-being, motivation, choice, and performance. We are interested in articles that investigate these topics as they pertain to individuals, dyads, groups, and other social collectives. For each topic, we place a premium on articles that make fundamental and substantial contributions to understanding psychological processes relevant to human attitudes, cognitions, and behavior in organizations. In order to be considered for publication in OBHDP a manuscript has to include the following: 1.Demonstrate an interesting behavioral/psychological phenomenon 2.Make a significant theoretical and empirical contribution to the existing literature 3.Identify and test the underlying psychological mechanism for the newly discovered behavioral/psychological phenomenon 4.Have practical implications in organizational context