The increasingly large role played by financial intermediaries, such as venture capitalists and angels, in nurturing entrepreneurial firms and in promoting product market innovation has led to great research interest in the area of entrepreneurial finance and innovation. This paper introduces the special issue of the Review of Financial Studies dedicated to entrepreneurial finance and innovatio…
We analyze how corporate venture capital (CVC) differs from independent venture capital (IVC) in nurturing innovation in entrepreneurial firms. We find that CVC-backed firms are more innovative, as measured by their patenting outcome, although they are younger, riskier, and less profitable than IVC-backed firms. Our baseline results continue to hold in a propensity score matching analysis of IP…
Collateral frictions have a profound effect on our economic landscape, ranging from the design of financial securities, laws, and institutions, to various rules and regulations. We analyze a model with disagreement, where securities and collateral requirements are endogenous. It shows that the security that isolates the variable with disagreement is "optimal" in the sense that alternative secur…
Ada tabel
Includes bibliographies and index
Includes bibliographies and index
Knowledge creation is a collective and social activity, and a large body of research has established that knowledge creation by researchers (knowledge workers) is influenced by their direct exchange partners. We examine why knowledge worker ego networks are structured as they are, but also why and how knowledge worker networks change over time. We examine two changes to knowledge workers’ ego…
Drawing from tenets of self-determination theory, we propose and test a multilevel model that examines the effects of employee involvement climate on the individual-level process linking employee regulatory focus (promotion and prevention) to innovation via thriving. Using data collected at three points in time from 346 participants in 75 groups, multilevel path analytic results demonstrated su…
This study explores the potential benefits of executive hubris to firm innovation. Grounded in the upper echelons theory and the firm innovation literature, hypotheses were developed and tested in two studies with different contexts and methods. Study 1 uses a set of cross-sectional survey data on a large sample of Chinese CEOs in manufacturing industries. Study 2 uses a set of longitudinal arc…
This study investigated team innovation as a process phenomenon by differentiating the creativity stage from the implementation stage. Based on the interactional approach, the authors argue that team composition (aggregated individual creative personality and functional heterogeneity) affects team creativity, which in turn promotes innovation implementation depending on the team’s climate for…
Research has frequently argued that firms need to pursue exploratory and exploitative innovation strategies to be viable in an environment of technological change and intensified competition. However, it remains unclear whether exploratory and exploitative innovations are equally successful in different institutional environments. This meta-analysis synthesizes previous empirical findings to re…
Over the past 25 years, the technology strategy literature has examined how four primary mechanisms—patents, secrecy, lead time, and complementary assets—influence whether and to what extent firms capture value generated by their innovations. Although this literature has had a profound impact on our understanding of how firms capture value from innovation, we have yet to develop a robust th…
I respond to the recent article in the Journal of Management by Priem, Li, and Carr titled “Insights and New Directions From Demand-Side Approaches to Technology Innovation, Entrepreneurship, and Strategic Management Research.” Priem et al. argue that demand-side research can provide understandings of firm activity that research focusing on other aspects of the firm’s value chain cannot. …
ournament theory is useful for describing behavior when reward structures are based on relative rank rather than absolute levels of output. Accordingly, management scholars have used tournament theory to describe a wide range of inter- and intraorganizational competitions, such as promotion contests, innovation contests, and competition among franchisees. While the use of tournament theory has …
Penelitian ini bertujuan untuk menganalisis bagaimana pengaruh efisiensi intellectual capital terhadap performa bank di Indonesia, dengan melihat pengaruh variabel kontrol seperti resiko pinjaman, ukuran bank, dan umur firma. Penelitian ini menggunakan sampel 47 perusahaan perbankan yang terdaftar di Bursa Efek Indonesia pada periode tahun 2019 hingga 2022. Hasil penelitian menunjukkan bahw…
Research on strategic momentum considers how experience with innovation affects firms? subsequent innovativeness. Traditionally the momentum literature has emphasized arguments for an accelerating effect of innovation experience, but recent critiques and contrasting empirical results suggest ambiguity regarding how experience with innovation affects subsequent innovative activity. In this study…
Conceptualizing new knowledge development as a process of search and recombination, we suggest that a focus on individual productivity alone presents an undersocialized view of human capital. Rather, we emphasize the importance of embedded relationships by individuals to effectively perform knowledge-generating activities. We rely on intraorganizational knowledge networks emerging through indiv…
Includes bibliographies & index
Includes index
.