ceo的政治意识形态与创新:来自美国上市公司的证据

IF 1.5 4区社会学 Q2 SOCIAL SCIENCES, INTERDISCIPLINARY

Economic and Political Studies-EPS Pub Date : 2022-07-03 DOI:10.1080/20954816.2022.2095090

Qiang Wu, Li Zheng, T. Hasan

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引用次数: 0

摘要

摘要利用专利数量和专利被引用次数作为衡量创新的指标，并利用政治捐款作为首席执行官政治偏好的指标，我们发现：（1）有政治党派和没有政治党派的首席执行官领导的企业在创新产出方面没有差异；（2）在创新方面，共和党和民主党CEO领导的公司没有区别。结果对倾向得分匹配回归、固定效应回归和创新的替代指标都是稳健的。总体而言，研究结果表明，CEO的个人政治意识形态不会显著影响他们的创新决策。

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CEOs’ political ideologies and innovation: Evidence from US public firms

Abstract Using both the number of patents and the number of citations that the patents receive as the measures of innovation and using political donations as an indicator of the chief executive officer (CEO)’s political preferences, we find that (1) firms led by CEOs with and without political partisanship show no differences in terms of innovation outputs; and (2) there are no differences between firms led by Republican and Democratic CEOs when it comes to innovation. The results are robust to a propensity-score-matching regression, a firm fixed effect regression, and alternate measures of innovation. Overall, the results suggest that CEOs’ personal political ideologies do not significantly affect their innovation decisions.

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来源期刊

Economic and Political Studies-EPS SOCIAL SCIENCES, INTERDISCIPLINARY-

CiteScore

5.60

自引率

4.20%

发文量