Microfoundations of innovation : A dynamic CEO capabilities perspective

Titelangaben

Heubeck, Tim ; Meckl, Reinhard:
Microfoundations of innovation : A dynamic CEO capabilities perspective.
In: Managerial and Decision Economics. Bd. 44 (2023) Heft 6 . - S. 3108-3128.
ISSN 1099-1468
DOI: https://doi.org/10.1002/mde.3866

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Abstract

Although sustainable competitive advantages in today's hypercompetitive economy call for strong management skills, the literature lacks a holistic understanding of the specific capabilities chief executive officers (CEOs) utilize to drive innovation. This article derives the dynamic CEO capabilities (DCCs) concept to examine whether CEOs' individual-level DCCs facilitate firm-level innovation and proposes that CEO power moderates this relationship. Results from a longitudinal sample of S&P 900 manufacturing firms confirm that strong DCCs drive innovation. Further, powerful CEOs can exert a more significant influence on firms' innovativeness through their DCCs, yet this effect is contingent on the type of CEO power.