Exploratory Innovation in Technology Firms: The Role of Compensation Structure for R&D Workforce

2016 ◽  
Author(s):  
Victor Cui
Keyword(s):  
Compensation Structure ◽  
Technology Firms ◽  
Exploratory Innovation

The changing role of marketing: Digital transformation of marketing

2020 ◽  
pp. 77-94
Author(s):  
Storbacka Robert ◽  
Kaj Anold
Keyword(s):  
Business Models ◽  
Academic Research ◽  
Marketing Research ◽  
Digital Transformation ◽  
Digital Marketing ◽  
Technology Firms ◽  
Back Office ◽  
Changing Role ◽  
Channel Environment

Digitalization affects every aspect of a firm’s business model–from front-end to back-office, from how firms create value for their customers to how they capture value– and doing so can reshape every facet of the firm. By adapting their business models to the possibilities of technology, firms are facing an accelerating transformation of their activities, offering new opportunities for “out-of-the-box” development of new processes and tools, which effectively challenge deeply engrained functional silo- based thinking. Despite the ubiquity of digital transformation, much academic research still seems to take a functional view (Verhoef et al. 2019), where information systems look into the development and adoption of specific technologies (Nambisan et al. 2017) or analytics schemes (Davenport and Ronanki 2018), strategic management research focuses on understanding the role of new digitalized business models (Foss and Saebi, 2017), and marketing research focuses on what is generally called “digital marketing” or the development of an omni-channel environment (Verhoef et al. 2015; Lamberton and Stephen 2016; Kannan and Li 2017).

scholarly journals Downward wage rigidity in American technology firms

2018 ◽  
Vol 15 (4-1) ◽  
pp. 181-190
Author(s):  
Xiaoying Chen ◽  
Jasmine Yur-Austin
Keyword(s):  
Corporate Governance ◽  
Pay For Performance ◽  
Business Leaders ◽  
Wage Rigidity ◽  
Venture Capitalists ◽  
Technology Firms ◽  
Corporate Governance Mechanisms ◽  
And Control ◽  
Dot Com

This study reviews the role of various corporate governance mechanisms to pay for performance in American technology firms. Compared to traditional business leaders, CEOs in technology firms possess stronger power for negotiating with shareholders; such power theoretically lowers the chance of interest conflicts between management and control but may increase CEOs’ wage rigidity during business downturns, especially in firms with poor corporate governance. We evaluate ownership structure; board composition; and the existence of independent compensation committees throughout the dot-com bubble and bubble-burst periods. We aim to examine during the business downturn period whether these CEOs cut their compensation effectively or exercise their negotiation power to protect their own benefit. Our empirical results provide strong evidence that given poor firm performance, CEOs with weak corporate governance negotiate higher cash-based pay rather than reduce their compensations. However, we find that venture capitalists play an important role in monitoring CEOs and revising compensation.

scholarly journals Management teams' regulatory foci and organizational units' exploratory innovation: The mediating role of coordination mechanisms

2017 ◽  
Vol 50 (5) ◽  
pp. 621-635 ◽  
Author(s):  
Aybars Tuncdogan ◽  
Ad Boon ◽  
Tom Mom ◽  
Frans Van Den Bosch ◽  
Henk Volberda
Keyword(s):  
Management Teams ◽  
Coordination Mechanisms ◽  
Mediating Role ◽  
Exploratory Innovation

The impacts of high-commitment HRM practices on exploitative and exploratory innovation: the mediating role of knowledge sharing

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Son Thanh Than ◽  
Phong Ba Le ◽  
Thanh Trung Le
Keyword(s):  
Knowledge Sharing ◽  
Equation Modeling ◽  
Innovation Capability ◽  
Content Type ◽  
Mediating Role ◽  
Hrm Practices ◽  
The Impact ◽  
The Relationship ◽  
Exploratory Innovation

Purpose The purpose of this paper is to investigate the mediating roles of knowledge sharing behaviors (knowledge collecting and donating) in linking the relationship between high-commitment human resource management (HRM)practices and specific aspects of innovation capability, namely, exploitative and exploratory innovation. Design/methodology/approach The paper is based on quantitative approach and structural equation modeling to examine the correlation among the latent constructs based on the survey data collected from 281 participants in 95 Chinese firms. Findings The findings of this study support the mediating role of knowledge sharing (KS) behaviors in the relationship between HRM practices and aspects of innovation capability. It highlights the important role of knowledge donating and indicates that the effect of knowledge donating is more significant than that of knowledge collecting on exploitative and exploratory innovation. Research limitations/implications Future research should investigate the impact of high-commitment HRM practices on innovation capability under the moderating effects of organizational variables to bring better understanding on the relationship among them. Originality/value The paper significantly contributes to increasing knowledge and insights on the correlation between high-commitment HRM practices and specific forms of innovation. The understanding on mediating role of KS contribute to advancing the body of knowledge of HRM and innovation theory.

Ego-network stability and exploratory innovation: the moderating role of knowledge networks

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jingbei Wang ◽  
Naiding Yang ◽  
Min Guo
Keyword(s):  
Moderate Level ◽  
Knowledge Networks ◽  
Structure Stability ◽  
Network Stability ◽  
Content Type ◽  
Exploratory Innovation ◽  
Moderating Role ◽  
Local Cohesion ◽  
Global Cohesion

PurposePrevious studies examined the effect of inter-organizational collaboration relationships on organizational innovation. However, most focused on the configuration of the network from the static network perspective, and few examined the influence of network structure stability on an organization's exploratory innovation from the ego-network perspective. This study addresses this research gap by focusing on ego-network stability and its effect on an organization's exploratory innovation.Design/methodology/approachThe empirical setting is the smartphone collaboration network from 2004 to 2017. We selected one-site schemes and panel data of patents from the Derwent Innovation Database. A negative binomial model with fixed effects was used to test our hypotheses.FindingsThe regression results show that an organization's ego-network stability has an inverted-U-shaped relationship with its exploratory innovation. Global cohesion of the focal organization's knowledge network moderates the process in such a way that when it is at a high level, an organization's exploratory innovation can benefit more from a moderate level of ego-network stability. However, local cohesion moderates in such a way that, at a low level, an organization's exploratory innovation can benefit more from a moderate level of ego-network stability.Originality/valueThis study highlights the importance of ego-network stability and its effect on the focal organization's exploratory innovation. It contributes to the literature on the relationship between ego-network stability and exploratory innovation by investigating the moderating role of global cohesion and local cohesion in knowledge networks.

The Role of Revenue in Firm Valuation

2008 ◽  
Vol 22 (2) ◽  
pp. 199-222 ◽  
Author(s):  
Uday Chandra ◽  
Byung T. Ro
Keyword(s):  
Model Misspecification ◽  
Relevant Information ◽  
Firm Valuation ◽  
Summary Measure ◽  
For Profit ◽  
Earnings Information ◽  
Technology Firms ◽  
New Information ◽  
Over Time

SYNOPSIS: This study examines the role of revenue in valuing firms beyond earnings and investigates whether this (1) is pervasive or limited to certain situations in which earnings may be less informative, (2) is sensitive to nonlinearity in the relation between returns and earnings, and (3) has changed over time. Our analysis indicates that revenue is useful both as a summary measure for valuation purposes and in conveying new information to the market, after controlling for earnings information. These results are not driven by technology firms, extreme earnings news or loss situations, or by model misspecification because of nonlinearities. The role of revenue in firm valuation is greater, and the role of earnings is smaller, in extreme earnings situations. We also find that revenue is more useful in summarizing the performance of technology firms and for profit observations. While the combined ability of revenue and earnings to summarize contemporaneous value-relevant information has remained stable over time, the new information conveyed by earnings has declined whereas the ability of revenue to incrementally convey new information has not diminished.

Beyond Financing Exploratory Innovation: The Role of VC Experience

2019 ◽  
Vol 2019 (1) ◽  
pp. 15735
Author(s):  
Supradeep Dutta ◽  
Siva Ramakrishna Devarakonda
Keyword(s):  
Exploratory Innovation
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