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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, v. 53, 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 | Rights: | © 2020 Elsevier B.V. All rights reserved. © 2020. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/. The following publication Francis, B., Mani, S. B., Sharma, Z., & Wu, Q. (2021). The impact of organization capital on firm innovation. Journal of Financial Stability, 53, 100829 is available at https://dx.doi.org/10.1016/j.jfs.2020.100829. |
| Appears in Collections: | Journal/Magazine Article |
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|---|---|---|---|---|
| Francis_Organization_Capital_Firm.pdf | Pre-Published version | 1.58 MB | Adobe PDF | View/Open |
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