Quotation Lee, Chul, Park, Gunno, Marhold, Klaus, Kang, Jina. 2017. Top management team’s innovation-related characteristics and the firm’s explorative R&D: An analysis based on patent data. Scientometrics. 111 (2), 639-663.


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Abstract

This study investigates the relationship between characteristics of the firm’s top management team (TMT) and its research and development (R&D) activities. Specifically, this research analyzes how observable characteristics of the TMT, such as functional experiences or educational background, and average tenure affect the firm’s proportion of explorative R&D activities. From the perspective of the upper-echelon theory, we hypothesize that the TMT’s functional experiences with R&D or science or engineering educational backgrounds increase the firm’s tendency towards explorative R&D. Moreover, we propose that the average tenure of TMT members with innovation-related experiences would have a positive moderation effects on these relationships. The hypotheses are tested using a dataset containing biographical information of the TMT members, financial, and patent data of 89 firms in U.S. high-tech industries from 2006 to 2009. Firm’s explorative R&D activities are analyzed using data on patent citations, patent classes, and non-patent references. The empirical analysis shows that the top managers’ educational background in science or engineering as well as their previous functional experiences with R&D have a positive effect on the firm’s explorative innovation activities. We also find that the size of these effects increases with a longer tenure of these TMT members. Our findings provide implications related to the effects of organizational characteristics on the establishment of a R&D strategy and highlight the role of TMT members with innovative experiences in directing a firm’s R&D activities and outcomes.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Scientometrics
Citation Index SSCI
Language English
Title Top management team’s innovation-related characteristics and the firm’s explorative R&D: An analysis based on patent data
Volume 111
Number 2
Year 2017
Page from 639
Page to 663
Reviewed? Y
URL https://link.springer.com/article/10.1007/s11192-017-2322-1
DOI https://doi.org/10.1007/s11192-017-2322-1
Open Access N

Associations

People
Marhold, Klaus (Details)
External
Kang, Jina (Seoul National University, Republic of Korea)
Lee, Chul (Seoul National University, Republic of Korea)
Park, Gunno (Samsung SDS, Republic of Korea)
Research areas (ÖSTAT Classification 'Statistik Austria')
2943 Research and innovation management (Details)
2951 Technology transfer (Details)
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