CEO innovation orientation and R&D intensity in small and medium-sized firms: the moderating role of firm growth

Kraiczy, Nils Daniel; Hack, Andreas; Kellermanns, Franz W. (2015). CEO innovation orientation and R&D intensity in small and medium-sized firms: the moderating role of firm growth. Journal of Business Economics, 85(8), pp. 851-872. Springer 10.1007/s11573-014-0755-z

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Although upper echelon literature has found evidence for the effect of executives’ characteristics on firm strategy such as the level of research and development (R&D) intensity, research on how different behaviors, values, personalities, motivations, and experiences of executives influence the R&D intensity of small and medium-sized firms is scarce. Applying upper echelon theory, this study uses firm growth (sales and employee growth) as a contingency factor to analyze variations in the effect of chief executive officer (CEO) innovation orientation on R&D intensity in small and medium-sized firms. As research on the direct effect of firm growth on R&D intensity is inconclusive, this study applies firm growth as an indirect effect to show whether the impact of CEO innovation orientation on R&D intensity differs in times of low growth compared to times of high growth in small and medium-sized firms. Using a sample of 77 German CEOs of small and medium-sized firms operating in manufacturing industries, results show that CEO innovation orientation has a positive effect on R&D intensity, and firm growth affects this relationship. Specifically, high CEO innovation orientation has a positive effect on R&D intensity in firms with low growth, while its impact disappears in firms that experience strong growth. Implications and future research are discussed.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Organization and Human Resource Management > Human Resource Management

UniBE Contributor:

Kraiczy, Nils Daniel and Hack, Andreas

Subjects:

600 Technology > 650 Management & public relations
300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

0044-2372

Publisher:

Springer

Language:

English

Submitter:

Claudia Probst

Date Deposited:

13 Jan 2017 14:55

Last Modified:

13 Jan 2017 14:55

Publisher DOI:

10.1007/s11573-014-0755-z

Uncontrolled Keywords:

CEO innovation orientation; R&D intensity; firm growth; small and medium-sized firms

BORIS DOI:

10.7892/boris.92061

URI:

https://boris.unibe.ch/id/eprint/92061

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