Corporate Culture and Innovation: A Tale from an Emerging Market
We examine the influence of corporate culture on innovation using a unique set of data from Chinese listed companies over the period 2008–2017. Using the competing value framework, we quantify corporate culture using textual analysis of financial statements. We find a positive and significant impact...
Gespeichert in:
Veröffentlicht in: | British journal of management 2021-10, Vol.32 (4), p.1121-1140 |
---|---|
Hauptverfasser: | , , |
Format: | Artikel |
Sprache: | eng |
Schlagworte: | |
Online-Zugang: | Volltext |
Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
container_end_page | 1140 |
---|---|
container_issue | 4 |
container_start_page | 1121 |
container_title | British journal of management |
container_volume | 32 |
creator | Wang, Yaopeng Farag, Hisham Ahmad, Wasim |
description | We examine the influence of corporate culture on innovation using a unique set of data from Chinese listed companies over the period 2008–2017. Using the competing value framework, we quantify corporate culture using textual analysis of financial statements. We find a positive and significant impact of a creation culture on innovation measured by both patent applications and citations, as well as innovation efficiency. We address endogeneity concerns and conduct a battery of robustness tests, including alternative proxies for both corporate innovation and culture, and conclude that variations in culture have a significant impact on firm‐level innovation. We also show that a strong creation culture is more likely to spur innovation for firms in more competitive product markets and firms that are subject to higher managerial career concerns. We provide empirical evidence that corporate culture is an important driver in enhancing innovation. Our results have clear implications for directors and shareholders. |
doi_str_mv | 10.1111/1467-8551.12478 |
format | Article |
fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2579316344</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2579316344</sourcerecordid><originalsourceid>FETCH-LOGICAL-c3578-64700176c4f9b8306f5a4c37fb05528f969a592dbdd693e8e526174d6316c0aa3</originalsourceid><addsrcrecordid>eNqFkL1PwzAQxS0EEqUws1piTutvJ0yUqEBRqy5ltpzErlKSuDgJqP89DkGs3HKnu_fuST8AbjGa4VBzzISMYs7xDBMm4zMw-duchxkxHlEsySW4atsDQuEo5AQ8pM4fndedgWlfdb03UDcFXDWN-9Rd6Zp7uIA7XRlovavDDS5r4_dls4cb7d9Ndw0urK5ac_Pbp-DtablLX6L19nmVLtZRTrmMI8FkyJQiZzbJYoqE5ZrlVNoMcU5im4hE84QUWVGIhJrYcCKwZIWgWORIazoFd-Pfo3cfvWk7dXC9b0KkIlwmQUYZC6r5qMq9a1tvrDr6stb-pDBSAyY1QFEDFPWDKTjE6PgqK3P6T64eX7eb0fgNyYxnRA</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2579316344</pqid></control><display><type>article</type><title>Corporate Culture and Innovation: A Tale from an Emerging Market</title><source>Wiley Online Library - AutoHoldings Journals</source><source>EBSCOhost Business Source Complete</source><creator>Wang, Yaopeng ; Farag, Hisham ; Ahmad, Wasim</creator><creatorcontrib>Wang, Yaopeng ; Farag, Hisham ; Ahmad, Wasim</creatorcontrib><description>We examine the influence of corporate culture on innovation using a unique set of data from Chinese listed companies over the period 2008–2017. Using the competing value framework, we quantify corporate culture using textual analysis of financial statements. We find a positive and significant impact of a creation culture on innovation measured by both patent applications and citations, as well as innovation efficiency. We address endogeneity concerns and conduct a battery of robustness tests, including alternative proxies for both corporate innovation and culture, and conclude that variations in culture have a significant impact on firm‐level innovation. We also show that a strong creation culture is more likely to spur innovation for firms in more competitive product markets and firms that are subject to higher managerial career concerns. We provide empirical evidence that corporate culture is an important driver in enhancing innovation. Our results have clear implications for directors and shareholders.</description><identifier>ISSN: 1045-3172</identifier><identifier>EISSN: 1467-8551</identifier><identifier>DOI: 10.1111/1467-8551.12478</identifier><language>eng</language><publisher>London: Blackwell Publishing Ltd</publisher><subject>Citations ; Corporate culture ; Emerging markets ; Innovations ; Robustness ; Stockholders ; Textual analysis</subject><ispartof>British journal of management, 2021-10, Vol.32 (4), p.1121-1140</ispartof><rights>2021 The Authors. published by John Wiley & Sons Ltd on behalf of British Academy of Management</rights><rights>2021. This article is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3578-64700176c4f9b8306f5a4c37fb05528f969a592dbdd693e8e526174d6316c0aa3</citedby><cites>FETCH-LOGICAL-c3578-64700176c4f9b8306f5a4c37fb05528f969a592dbdd693e8e526174d6316c0aa3</cites><orcidid>0000-0002-7470-7629</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2F1467-8551.12478$$EPDF$$P50$$Gwiley$$Hfree_for_read</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2F1467-8551.12478$$EHTML$$P50$$Gwiley$$Hfree_for_read</linktohtml><link.rule.ids>314,780,784,1417,27924,27925,45574,45575</link.rule.ids></links><search><creatorcontrib>Wang, Yaopeng</creatorcontrib><creatorcontrib>Farag, Hisham</creatorcontrib><creatorcontrib>Ahmad, Wasim</creatorcontrib><title>Corporate Culture and Innovation: A Tale from an Emerging Market</title><title>British journal of management</title><description>We examine the influence of corporate culture on innovation using a unique set of data from Chinese listed companies over the period 2008–2017. Using the competing value framework, we quantify corporate culture using textual analysis of financial statements. We find a positive and significant impact of a creation culture on innovation measured by both patent applications and citations, as well as innovation efficiency. We address endogeneity concerns and conduct a battery of robustness tests, including alternative proxies for both corporate innovation and culture, and conclude that variations in culture have a significant impact on firm‐level innovation. We also show that a strong creation culture is more likely to spur innovation for firms in more competitive product markets and firms that are subject to higher managerial career concerns. We provide empirical evidence that corporate culture is an important driver in enhancing innovation. Our results have clear implications for directors and shareholders.</description><subject>Citations</subject><subject>Corporate culture</subject><subject>Emerging markets</subject><subject>Innovations</subject><subject>Robustness</subject><subject>Stockholders</subject><subject>Textual analysis</subject><issn>1045-3172</issn><issn>1467-8551</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>24P</sourceid><sourceid>WIN</sourceid><recordid>eNqFkL1PwzAQxS0EEqUws1piTutvJ0yUqEBRqy5ltpzErlKSuDgJqP89DkGs3HKnu_fuST8AbjGa4VBzzISMYs7xDBMm4zMw-duchxkxHlEsySW4atsDQuEo5AQ8pM4fndedgWlfdb03UDcFXDWN-9Rd6Zp7uIA7XRlovavDDS5r4_dls4cb7d9Ndw0urK5ac_Pbp-DtablLX6L19nmVLtZRTrmMI8FkyJQiZzbJYoqE5ZrlVNoMcU5im4hE84QUWVGIhJrYcCKwZIWgWORIazoFd-Pfo3cfvWk7dXC9b0KkIlwmQUYZC6r5qMq9a1tvrDr6stb-pDBSAyY1QFEDFPWDKTjE6PgqK3P6T64eX7eb0fgNyYxnRA</recordid><startdate>202110</startdate><enddate>202110</enddate><creator>Wang, Yaopeng</creator><creator>Farag, Hisham</creator><creator>Ahmad, Wasim</creator><general>Blackwell Publishing Ltd</general><scope>24P</scope><scope>WIN</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><orcidid>https://orcid.org/0000-0002-7470-7629</orcidid></search><sort><creationdate>202110</creationdate><title>Corporate Culture and Innovation: A Tale from an Emerging Market</title><author>Wang, Yaopeng ; Farag, Hisham ; Ahmad, Wasim</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3578-64700176c4f9b8306f5a4c37fb05528f969a592dbdd693e8e526174d6316c0aa3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Citations</topic><topic>Corporate culture</topic><topic>Emerging markets</topic><topic>Innovations</topic><topic>Robustness</topic><topic>Stockholders</topic><topic>Textual analysis</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Wang, Yaopeng</creatorcontrib><creatorcontrib>Farag, Hisham</creatorcontrib><creatorcontrib>Ahmad, Wasim</creatorcontrib><collection>Wiley Online Library Open Access</collection><collection>Wiley Online Library (Open Access Collection)</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>British journal of management</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Wang, Yaopeng</au><au>Farag, Hisham</au><au>Ahmad, Wasim</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Corporate Culture and Innovation: A Tale from an Emerging Market</atitle><jtitle>British journal of management</jtitle><date>2021-10</date><risdate>2021</risdate><volume>32</volume><issue>4</issue><spage>1121</spage><epage>1140</epage><pages>1121-1140</pages><issn>1045-3172</issn><eissn>1467-8551</eissn><abstract>We examine the influence of corporate culture on innovation using a unique set of data from Chinese listed companies over the period 2008–2017. Using the competing value framework, we quantify corporate culture using textual analysis of financial statements. We find a positive and significant impact of a creation culture on innovation measured by both patent applications and citations, as well as innovation efficiency. We address endogeneity concerns and conduct a battery of robustness tests, including alternative proxies for both corporate innovation and culture, and conclude that variations in culture have a significant impact on firm‐level innovation. We also show that a strong creation culture is more likely to spur innovation for firms in more competitive product markets and firms that are subject to higher managerial career concerns. We provide empirical evidence that corporate culture is an important driver in enhancing innovation. Our results have clear implications for directors and shareholders.</abstract><cop>London</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/1467-8551.12478</doi><tpages>20</tpages><orcidid>https://orcid.org/0000-0002-7470-7629</orcidid><oa>free_for_read</oa></addata></record> |
fulltext | fulltext |
identifier | ISSN: 1045-3172 |
ispartof | British journal of management, 2021-10, Vol.32 (4), p.1121-1140 |
issn | 1045-3172 1467-8551 |
language | eng |
recordid | cdi_proquest_journals_2579316344 |
source | Wiley Online Library - AutoHoldings Journals; EBSCOhost Business Source Complete |
subjects | Citations Corporate culture Emerging markets Innovations Robustness Stockholders Textual analysis |
title | Corporate Culture and Innovation: A Tale from an Emerging Market |
url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-24T13%3A12%3A20IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Corporate%20Culture%20and%20Innovation:%20A%20Tale%20from%20an%20Emerging%20Market&rft.jtitle=British%20journal%20of%20management&rft.au=Wang,%20Yaopeng&rft.date=2021-10&rft.volume=32&rft.issue=4&rft.spage=1121&rft.epage=1140&rft.pages=1121-1140&rft.issn=1045-3172&rft.eissn=1467-8551&rft_id=info:doi/10.1111/1467-8551.12478&rft_dat=%3Cproquest_cross%3E2579316344%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2579316344&rft_id=info:pmid/&rfr_iscdi=true |