The benefits of hiring a STEM CEO: Decision making under innovation and real options

Alderman, Jillian; Forsyth, Joetta; Griffy‐Brown, Charla; Walton, Richard

doi:10.1016/j.techsoc.2022.102064

Cited by 13 publications

(25 citation statements)

References 22 publications

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“…Matheson et al (1994) [22] emphasized the importance of the quality of R&D decisions from research to the integration of new technology. Alderman et al (2022) [16] highlighted the importance of hiring top positions concerning the decision-making capabilities that the CEO should cover. Zhou et al (2022) [23] mentioned trust and information sharing within the TMT as the main conditions to ensure each member's strengths in decision making.…”

Section: Theoretical Aspects Of Internal Communication and Methods Fo...mentioning

confidence: 99%

“…Chirumalla et al (2018) [13], Becker and Lillemark (2006) [14], and Fain et al (2011) [15] analyzed the marketing and R&D interface. Alderman et al (2022) [16] stressed the importance of communication, general knowledge, and decision making in the capacity to innovate. However, the role of internal communication in R&D activities over the last decade has been vaguely analyzed.…”

Section: Introductionmentioning

confidence: 99%

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Internal Communication in R&D: Decision-Making Methods Based on Expert Approaches

2022

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Relatively recently, internal communication received little attention from theorists, since they focused on external communication. The importance of internal communication is seen as the taker of responsibility for all internal exchanges of information between internal stakeholders at all levels. However, interdisciplinary cooperation in terms of internal communication is a significant issue for any organization running the R&D process. Different studies have already revealed strong links between communication and R&D success, but a lack of research continuity is visible, especially one relevant in practice. This article examines communication in the R&D process through the prism of decision making. It aims to take experience from R&D experts to supplement a list of decision-making methods used in the R&D process, which is compiled based on literature analysis. In the next stage of the investigation, the list of decision-making methods is used to determine the weights of the methods, which reflect the suitability of the decision-making methods in the R&D process. In the final stage of the investigation, differences in the evaluations of the US and German experts are presented, reflecting different experiences and differences in the conditions of the business environment.

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Section: Theoretical Aspects Of Internal Communication and Methods Fo...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Internal Communication in R&D: Decision-Making Methods Based on Expert Approaches

2022

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“…A specialist CEO, as compared to a generalist CEO, possesses a more precise understanding of internal resources and external relationships due to their long-term accumulated and deep understanding of organizational domain expertise (Alderman et al 2022;Gounopoulos and Pham 2018). Therefore, during the early stages of a CEO's tenure, a generalist CEO may have weakly embedded the firm's IC, potentially limiting their ability to effectively leverage the current organization's sustainable competitiveness (Leng and Pan 2023).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

The Impact of Knowledge Capital and Organization Capital on Stock Performance during Economic Crises: The Moderating Role of a Generalist CEO

Lee,

Kim,

Atukeren

2024

JRFM

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This study examines the relationship between intangible capital (IC) and stock performance during the two recent crisis periods, the GFC and COVID-19. By categorizing IC into Knowledge Capital (KC) and Organizational Capital (OC), we analyze the impact of each capital on the crisis return in the manufacturing sector. The results show that a greater KC and OC are significantly associated with higher crisis returns during both periods. In addition, we find evidence that generalist CEOs strengthen this relationship while specialist CEOs do not. Within firms led by a generalist CEO, the CEO’s tenure positively moderates the association between each factor of intangible capital and crisis period returns. This study emphasizes the pivotal role of KC and OC as a protective buffer against external shocks, particularly when the market pays more attention to corporate sustainability.

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“…In spite of the wide availability of management education, companies are often headed by technical professionals who typically have a good knowledge of the industry where their company operates. Irrespective of a possible lack of team management skills, technical professionals have a better understanding of the practical aspects of business (technical nuances, marketability, probable risks), which simplifies communication, interaction and decision-making procedure on investment in high-priced and high-risk R&D projects [20].…”

Section: H1 a Ceo's Financial Degree Or An Mba Degree Leads To Decrea...mentioning

confidence: 99%

CEO`s education and investments in R&D

Хмелева¹

2023

КФ

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The paper evaluates influence of CEO`s education and her experience on amounts invested in R&D in pharmaceutical industry. The sample consists of 270 pharmaceutical high-tech companies from S&P BMI index in 1999-2018 from 23 countries, both developed and emerging. The pharmaceutical industry is of particular interest since the projects there require specialized education to understand and manage the process. Therefore, the payback period of investments is long. As a result, in pharmaceuticals there is a high rate of intangible assets comparing to other sectors. At the first glance, according to the results of regression analysis, business education, financial, managerial and economic education has no significant impact on investments. However, education in specific sphere, like physics, chemistry, biology, mathematics, has a significant positive impact on R&D expenses. We can see the similar effect for the CEO`s with two or more degrees in different fields. These results are in line with the findings of previous studies regarding CEO`s education. At the next stage, educational level of CEO and its field are analyzed simultaneously. A degree obtained in the industry-specific field or a degree supplemented by a financial or managerial education has a positive impact on R&D expenses, while standalone financial degree, by contrast, has a negative effect. So, we contribute to the academic literature with the idea that to get the unbiased results in similar studies we should account for not only degree but also the field. In practical sphere, the results can be useful for those who choose the educational track on their career path to CEO position as well as for HRs, Boards of directors, and other stakeholders while making decision on CEO turnover. Moreover, the results provide insights that could be useful for market analyst`s and investors` predictive models.

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The benefits of hiring a STEM CEO: Decision making under innovation and real options

Cited by 13 publications

References 22 publications

Internal Communication in R&D: Decision-Making Methods Based on Expert Approaches

Internal Communication in R&D: Decision-Making Methods Based on Expert Approaches

The Impact of Knowledge Capital and Organization Capital on Stock Performance during Economic Crises: The Moderating Role of a Generalist CEO

CEO`s education and investments in R&D

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