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) |
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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, 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: |
05 Dec 2022 15:00 |
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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