Are Founder CEOs Effective Innovators?

Jonghwan (Simon) Kim, Kwangjoo Koo

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This paper investigates the effectiveness of founder CEOs on firm innovation. We examine our research question using the number of patent citations as a proxy for firm innovation and a novel dataset of founder CEOs in S&P 1,500 firms over a 15-year period from 1994 to 2008. Our main results show that a founder CEO is associated with an increase in citations, suggesting that founder CEOs are more effective in stimulating innovation compared to professional CEOs. Overall, these findings support the argument that a founder CEO plays an important role in facilitating firm innovation through more risk-taking.

Original languageEnglish (US)
Pages (from-to)426-448
Number of pages23
JournalAsia-Pacific Journal of Financial Studies
Volume47
Issue number3
DOIs
StatePublished - Jun 1 2018

Fingerprint

Innovators
Founder CEO
Innovation
Patent citations
Citations
Chief executive officer
Risk taking

All Science Journal Classification (ASJC) codes

  • Finance

Cite this

Kim, Jonghwan (Simon) ; Koo, Kwangjoo. / Are Founder CEOs Effective Innovators?. In: Asia-Pacific Journal of Financial Studies. 2018 ; Vol. 47, No. 3. pp. 426-448.
@article{8da2d6a12ba447209d0be310dbddec17,
title = "Are Founder CEOs Effective Innovators?",
abstract = "This paper investigates the effectiveness of founder CEOs on firm innovation. We examine our research question using the number of patent citations as a proxy for firm innovation and a novel dataset of founder CEOs in S&P 1,500 firms over a 15-year period from 1994 to 2008. Our main results show that a founder CEO is associated with an increase in citations, suggesting that founder CEOs are more effective in stimulating innovation compared to professional CEOs. Overall, these findings support the argument that a founder CEO plays an important role in facilitating firm innovation through more risk-taking.",
author = "Kim, {Jonghwan (Simon)} and Kwangjoo Koo",
year = "2018",
month = "6",
day = "1",
doi = "10.1111/ajfs.12217",
language = "English (US)",
volume = "47",
pages = "426--448",
journal = "Asia-Pacific Journal of Financial Studies",
issn = "1226-1165",
publisher = "John Wiley and Sons Ltd",
number = "3",

}

Are Founder CEOs Effective Innovators? / Kim, Jonghwan (Simon); Koo, Kwangjoo.

In: Asia-Pacific Journal of Financial Studies, Vol. 47, No. 3, 01.06.2018, p. 426-448.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Are Founder CEOs Effective Innovators?

AU - Kim, Jonghwan (Simon)

AU - Koo, Kwangjoo

PY - 2018/6/1

Y1 - 2018/6/1

N2 - This paper investigates the effectiveness of founder CEOs on firm innovation. We examine our research question using the number of patent citations as a proxy for firm innovation and a novel dataset of founder CEOs in S&P 1,500 firms over a 15-year period from 1994 to 2008. Our main results show that a founder CEO is associated with an increase in citations, suggesting that founder CEOs are more effective in stimulating innovation compared to professional CEOs. Overall, these findings support the argument that a founder CEO plays an important role in facilitating firm innovation through more risk-taking.

AB - This paper investigates the effectiveness of founder CEOs on firm innovation. We examine our research question using the number of patent citations as a proxy for firm innovation and a novel dataset of founder CEOs in S&P 1,500 firms over a 15-year period from 1994 to 2008. Our main results show that a founder CEO is associated with an increase in citations, suggesting that founder CEOs are more effective in stimulating innovation compared to professional CEOs. Overall, these findings support the argument that a founder CEO plays an important role in facilitating firm innovation through more risk-taking.

UR - http://www.scopus.com/inward/record.url?scp=85047826426&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85047826426&partnerID=8YFLogxK

U2 - 10.1111/ajfs.12217

DO - 10.1111/ajfs.12217

M3 - Article

AN - SCOPUS:85047826426

VL - 47

SP - 426

EP - 448

JO - Asia-Pacific Journal of Financial Studies

JF - Asia-Pacific Journal of Financial Studies

SN - 1226-1165

IS - 3

ER -