學術產出-Periodical Articles

Article View/Open

Publication Export

Google ScholarTM

政大圖書館

Citation Infomation

題名 Risk culture in corporate innovation
作者 黃嘉威
Huang, Chia-Wei;Ho, Po-Hsin;Lin, Chih-Yung;Yen, Ju-Fang
貢獻者 財管系
關鍵詞 Corporate culture; Risk preference; Innovation; Patent; R&d
日期 2024-01
上傳時間 2024-04-11
摘要 In this study, we utilize stock market beta to examine the impact of corporate risk culture on innovation within U.S. firms. Our results reveal that firms with a pronounced high-risk culture invest more in innovation and generate greater innovation outcomes. These firms tend to employ overconfident or generalist managers and offer them incentive compensation to spur innovation. Further analysis underscores that the influence of risk culture on innovation occurs predominantly in innovative industries. Our findings highlight that firms with a high-risk culture excel in seizing innovative growth opportunities.
關聯 International Review of Financial Analysis, Vol.91, 102999
資料類型 article
DOI https://doi.org/10.1016/j.irfa.2023.102999
dc.contributor 財管系
dc.creator (作者) 黃嘉威
dc.creator (作者) Huang, Chia-Wei;Ho, Po-Hsin;Lin, Chih-Yung;Yen, Ju-Fang
dc.date (日期) 2024-01
dc.date.accessioned 2024-04-11-
dc.date.available 2024-04-11-
dc.date.issued (上傳時間) 2024-04-11-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/150734-
dc.description.abstract (摘要) In this study, we utilize stock market beta to examine the impact of corporate risk culture on innovation within U.S. firms. Our results reveal that firms with a pronounced high-risk culture invest more in innovation and generate greater innovation outcomes. These firms tend to employ overconfident or generalist managers and offer them incentive compensation to spur innovation. Further analysis underscores that the influence of risk culture on innovation occurs predominantly in innovative industries. Our findings highlight that firms with a high-risk culture excel in seizing innovative growth opportunities.
dc.format.extent 106 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) International Review of Financial Analysis, Vol.91, 102999
dc.subject (關鍵詞) Corporate culture; Risk preference; Innovation; Patent; R&d
dc.title (題名) Risk culture in corporate innovation
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1016/j.irfa.2023.102999
dc.doi.uri (DOI) https://doi.org/10.1016/j.irfa.2023.102999