The relationship between management characteristics and firm innovation
International Journal of Productivity and Performance Management
ISSN: 1741-0401
Article publication date: 10 September 2018
Abstract
Purpose
The purpose of this paper is to assess the relationship between some management features (management capability, management entrenchment, agency costs and overconfidence) and the innovation of companies listed on the Tehran Stock Exchange.
Design/methodology/approach
The study carried out during 2009–2015. A total of 125 companies were selected from eight industries as the sample of study using the method of systematic elimination. A descriptive-correlational design was used in this study and panel data regression models were employed for developing the relationship between research variables.
Findings
The obtained results indicated that managerial ability could foster innovation, while managerial entrenchment could stifle innovation and agency costs and overconfidence have no effect on innovation.
Originality/value
The current study is almost the first project which focuses on the management characteristics and firm innovation in developing countries.
Keywords
Citation
Salehi, M., DashtBayaz, M.L. and Mohammadi Moghadam, S. (2018), "The relationship between management characteristics and firm innovation", International Journal of Productivity and Performance Management, Vol. 67 No. 7, pp. 1113-1131. https://doi.org/10.1108/IJPPM-05-2017-0126
Publisher
:Emerald Publishing Limited
Copyright © 2018, Emerald Publishing Limited