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Erschienen in: Journal of International Entrepreneurship 3/2022

24.02.2022

Do CEO’s traits matter in innovation outcomes?

verfasst von: Nadia Loukil, Ouidad Yousfi

Erschienen in: Journal of International Entrepreneurship | Ausgabe 3/2022

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Abstract

The study investigates the influence of CEO attributes on innovation outcomes on all firms listed on the SBF120 index between 2001 and 2013. We provide the following results. First, CEOs who graduate in business are less prone to introduce new products, while science-educated CEOs are more likely to increase the number of patents in high-technology firms. Second, the longer is the CEO tenure, the lower are the innovation outcomes, specifically in high-tech industry. Third, CEO owners are likely to invest in long-term profitable activities such as innovative projects. This drives more innovation outcomes. CEO founders, however, are more concerned about the implementation of new processes. Finally, robustness tests show that the number of patents decreases, on the long term, in the presence of female CEOs.
Fußnoten
1
The SBF120 index consists of the 120 largest capitalizations listed on the French Stock Exchange market (SBF: Société des Bourses Françaises).
 
2
Exploratory innovation is produced by research, experimentation, risk taking and discovery (while exploitative innovation meets the need of customers (March, 1991).
 
3
Their results are supported only in highly competitive markets.
 
4
Pilot CEOs have as a hobby of flying airplanes.
 
7
This data access was funded by CTE-Gestion, University of Montpellier.
 
8
This work is supported by a public grant overseen by the French National Research Agency (ANR) as part of the « Investissements d’avenir» program, specifically Governance and Innovation in France GOUINFR, 2016 (reference: ANR-10-EQPX-17 – Centre d’accès sécurisé aux données – CASD).
 
9
All innovation outcomes, in this section, are provided by the Surveys on Innovation conducted by the INSEE between 2001 and 2013 http://​www.​enseignementsup-recherche.​gouv.​fr/​cid88080/​calendrier-2019-des-publications-statistiques-du-sies-1er-quadrimestre.​html
 
10
Some R&D experts may join R&D project in the course of the year. Taking into account the number of R&D experts, end of the fiscal year is a biased proxy for R&D incomes. Accordingly, we consider the total number of hours they spend on R&D projects.
 
11
We did not consider the variable women CEO in PROD and PROC regressions as firms introducing those innovations most often, did not appoint woman to the CEO position. Hence models cannot predict any association between women CEOs and the likelihood of introducing innovations.
 
12
Results are available upon request.
 
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Metadaten
Titel
Do CEO’s traits matter in innovation outcomes?
verfasst von
Nadia Loukil
Ouidad Yousfi
Publikationsdatum
24.02.2022
Verlag
Springer US
Erschienen in
Journal of International Entrepreneurship / Ausgabe 3/2022
Print ISSN: 1570-7385
Elektronische ISSN: 1573-7349
DOI
https://doi.org/10.1007/s10843-022-00309-y

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