Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/88871
Title: The impact of organization capital on firm innovation
Authors: Francis, B
Mani, SB
Sharma, Z
Wu, Q 
Issue Date: Apr-2021
Source: Journal of financial stability, Apr. 2021, 100829, p. 1-24, https://doi.org/10.1016/j.jfs.2020.100829
Abstract: We show that firms’ organization capital has a positive and economically important impact on innovation. Specifically, we find that firms with more organization capital have greater number of patents and receive more citations on their patents. The results are robust to alternative measures of organization capital and innovation, and endogeneity concerns. We also find that the ability to handle inherent difficulties associated with the innovation process and the reduction in managerial career concern threats are possible mechanisms through which organization capital affects firm innovation positively. These results provide strong evidence of the importance of a firm’s organization capital in their innovation process
Keywords: Organization capital
Innovation
Patents
Citations
Publisher: Elsevier
Journal: Journal of financial stability 
ISSN: 1572-3089
EISSN: 1878-0962
DOI: 10.1016/j.jfs.2020.100829
Appears in Collections:Journal/Magazine Article

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Embargo End Date 2023-04-30
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