How important is industry-specific managerial experience for innovative firm performance?


Balsmeier, Benjamin ; Czarnitzki, Dirk


[img]
Preview
PDF
dp14011.pdf - Published

Download (644kB)

URL: https://ub-madoc.bib.uni-mannheim.de/35931
URN: urn:nbn:de:bsz:180-madoc-359313
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: ZEW Discussion Papers
Volume: 14-011
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: G38 , L25 , O32 , P26,
Keywords (English): Corporate governance , innovation , managerial experience
Abstract: This study examines how industry-specific managerial experience affects firms’ innovation performance in the context of different institutional environments. Based on firm-level data from 27 Central and Eastern European countries we identify a robust positive relationship between industry-specific experience of the top-manager and the decision to innovate as well as the share of new product-related sales. These effects are particularly pronounced for small firms operating outside the European Union or, more generally, in institutionally less developed countries. The results suggest that managerial experience affects firm innovations largely indirectly, for example, by reducing uncertainty about future returns on innovations or by providing knowledge about how to cope with institutional shortfalls potentially hampering the commercial success of new products.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




+ Citation Example and Export

Balsmeier, Benjamin ; Czarnitzki, Dirk (2014) How important is industry-specific managerial experience for innovative firm performance? Open Access ZEW Discussion Papers Mannheim 14-011 [Working paper]
[img]
Preview


+ Search Authors in

+ Download Statistics

Downloads per month over past year

View more statistics



You have found an error? Please let us know about your desired correction here: E-Mail


Actions (login required)

Show item Show item