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Title: The Role of CEO's prior experience on Innovation - A contingency perspective
Authors: SHI YUAN
Keywords: Prior Experience, CEO, Innovation, Biotechnology, Learning, Strategic Human Capital
Issue Date: 2-Aug-2013
Citation: SHI YUAN (2013-08-02). The Role of CEO's prior experience on Innovation - A contingency perspective. ScholarBank@NUS Repository.
Abstract: Using a sample of chief executives in US public firms in the biotechnology industry and accounting for endogeneity with several approaches, I find that it is not the single type of experience, but the bundles of multiple types of experience that affect innovative performance in a complex way. Specifically, I discover that CEO?s experience falls into distinctive bundles that have significant effects on firm innovation. Empirical results suggest that broad experience in those areas relevant to innovation is beneficial, but limited relevant experience may be worse to innovation than no experience. Moreover, extensive experience in other areas and non-profit organizations appears to be a liability to corporate innovation. The alternative strategy of empowering R&D executives with attention and resource is at best in a weak positive relationship with innovation. The findings indicate the importance of the contingency role of CEO?s experience-based capability on the macro-level innovation outcome.
Appears in Collections:Master's Theses (Open)

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