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The relationship between management characteristics and firm innovation

Author

Listed:
  • Mahdi Salehi
  • Mahmoud Lari DashtBayaz
  • Samaneh Mohammadi Moghadam

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.

Suggested Citation

  • Mahdi Salehi & Mahmoud Lari DashtBayaz & Samaneh Mohammadi Moghadam, 2018. "The relationship between management characteristics and firm innovation," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 67(7), pages 1113-1131, September.
  • Handle: RePEc:eme:ijppmp:ijppm-05-2017-0126
    DOI: 10.1108/IJPPM-05-2017-0126
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    Citations

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    Cited by:

    1. Suham Cahyono & Iman Harymawan & Khairul Anuar Kamarudin, 2023. "The impacts of tenure diversity on boardroom and corporate carbon emission performance: Exploring from the moderating role of corporate innovation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2507-2535, September.
    2. Hui Xia & Shixian Ling & Zhangxin (Frank) Liu, 2023. "Heterogeneous Blockholders and Enterprise Innovation: Evidence From the Mixed-Ownership Reform in China," SAGE Open, , vol. 13(4), pages 21582440231, November.
    3. Máté Miklós Fodor & Marlen Komorowski & Aliya Turegeldinova, 2023. "The Relationship between Firm Attributes and Attitudes towards Diversity," Sustainability, MDPI, vol. 15(9), pages 1-21, May.
    4. Ningrui Wen & Muhammad Usman & Ahsan Akbar, 2023. "The Nexus between Managerial Overconfidence, Corporate Innovation, and Institutional Effectiveness," Sustainability, MDPI, vol. 15(8), pages 1-21, April.
    5. Delu Wang & Yadong Wang & Jingyuan Yang & Ziyang Huang & Rong Cui, 2021. "Managerial Cognitive Bias, Business Transformation, and Firm Performance: Evidence From China," SAGE Open, , vol. 11(1), pages 21582440219, March.

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