Shared Culture and Technological Innovation: Evidence from Corporate R&amp;amp;D Teams

Fitzgerald, Tristan; Liu, Xiaoding

doi:10.2139/ssrn.3604278

Cited by 3 publications

(3 citation statements)

References 65 publications

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“…This study makes the following three contributions to the existing literature. First, we complemented and broadened an emerging body of research that links culture to corporate behaviors and economic outcomes (e.g., Hilary and Hui, 2009 ; Ahern et al, 2015 ; DeBacker et al, 2015 ; Nguyen et al, 2018 ; Fitzgerald and Liu, 2020 ). Our study shows that CEOs’ individualistic cultural values from their hometowns shape corporate pollution abatement behaviors.…”

Section: Introductionmentioning

confidence: 99%

Chief Executive Officer Collectivism and Corporate Pollution Abatement Behavior: Evidence From Industrial Firms in China

et al. 2022

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This study examines the relationship between chief executive officers (CEOs)’ collectivistic cultural background and corporate pollution abatement behavior among industrial firms in China. Using hand-collected data on birthplaces of CEOs of the industrial firms, we provided robust evidence that CEOs born in provinces with a higher level of collectivistic culture promote corporate pollution abatement performance. This study further shows that firms exhibit significant differences in their emission reduction behavior when firms are subjected to environmental regulation shocks: firms with collectivistic CEOs tend to reduce more pollution than firms with individualistic CEOs without sacrificing their firms’ production.

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Section: Introductionmentioning

confidence: 99%

Chief Executive Officer Collectivism and Corporate Pollution Abatement Behavior: Evidence From Industrial Firms in China

et al. 2022

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“…Radical innovation, by definition, is a combination of knowledge from domains that might ordinarily not be connected (e.g., Weitzman (1998), Eggers andKaul (2018), andBernstein et al (2019)). Taylor and Greve (2006), Singh and Fleming (2010), and Fitzgerald and Liu (2021) show that teams with diverse knowledge domains are more likely to generate cutting-edge ideas and novel combinations of knowledge components. Bernstein et al (2019) find that combining the different knowledge bases of immigrant and native inventors is especially important in producing highly valuable patents.…”

Section: B Collaboration and Path-breaking Innovationmentioning

confidence: 99%

“…There are 2 possible reasons why inter-firm inventor collaboration is associated with more path-breaking information. One is the direct effect of collaboration from recombination of knowledge and expertise (e.g., Taylor and Greve (2006), Fitzgerald and Liu (2021)), and the other is the indirect effect of collaboration that calls for more capable inventors to join hybrid teams, so it is individual inventors' capabilities, and not collaboration per se, that drive the result. Our subsequent analysis suggests that both effects are at play.…”

Section: A Collaboration Between Acquirer and Target Inventors Andmentioning

confidence: 99%

Inter-Firm Inventor Collaboration and Path-Breaking Innovation: Evidence From Inventor Teams Post-Merger

Jin²

2022

J. Financ. Quant. Anal.

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Using a large and novel data set over the period of 1976 to 2019 tracking inventors’ career paths following mergers and acquisitions, we show that collaboration between acquirer and target inventors post-merger is associated with more path-breaking patents than those filed by either acquirer or target inventor-only teams. We further show that such collaboration is more important in improving acquirers’ innovation capabilities than hiring target inventors and knowledge spillovers. Finally, we show that recombining tacit knowledge embodied in the human capital of acquirer and target inventors is likely the mechanism. We conclude that inter-firm inventor collaboration is one key means for achieving synergies.

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Local labor match and corporate investments: Evidence from new flight routes

Sabah,

Thompson

2024

J of Financial Research

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We exploit new flight connections from small cities to international airports as a quasi‐natural experiment to study the effects of local labor match on corporate investments. Using a cosine similarity of occupational makeups, we find that corporate investment rates are higher for firms with human capital profiles that are more similar to those of the local labor. The effects are more pronounced among financially constrained firms and less evident among firms with higher unionization membership and coverage. Firms with better local labor match are also more likely to downsize their employments when experiencing negative cash flow shocks. Collectively, our findings suggest that local labor match spurs corporate investments by lowering labor costs and increasing ex‐ante investment incentives.

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Shared Culture and Technological Innovation: Evidence from Corporate R&D Teams

Cited by 3 publications

References 65 publications

Chief Executive Officer Collectivism and Corporate Pollution Abatement Behavior: Evidence From Industrial Firms in China

Chief Executive Officer Collectivism and Corporate Pollution Abatement Behavior: Evidence From Industrial Firms in China

Inter-Firm Inventor Collaboration and Path-Breaking Innovation: Evidence From Inventor Teams Post-Merger

Local labor match and corporate investments: Evidence from new flight routes

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