Does the media spotlight burn or spur innovation?
نویسندگان
چکیده
We examine the effect of media coverage on firm innovation. Using a comprehensive dataset of corporate news coverage from 2000 to 2009, we show that there is a negative relation between media coverage and firm innovation. Our identification tests suggest that the effect of media coverage on innovation is causal. We further find supports for two economic mechanisms underlying the negative innovation effect of news coverage, with regard to, imposing excessive pressure on managers and inducing knowledge leakage to rivals. Our findings provide new insights on how news coverage affects firms’ long-term growth.
منابع مشابه
Does Import Competition Spur Innovations?
We examine the impact of import competition on firms’ innovation input and output. We conjecture that U.S. firms view import competition from high-wage countries (HWCs) as “neck-and-neck” competition and will respond by intensifying innovation. In contrast, U.S. firms will reduce innovation in response to import competition from low-wage countries (LWCs), because such competition does not alway...
متن کاملSocial innovation in public sector strategies addressing endangered children Approaching the basis for social innovation with an organizational learn- ing theory
This paper explores organizational learning as a foundation for social innovation, defined as “change in the public sector focusing on improvements of social benefits”. Inertia in the general public sector has been found specifically in relation to socially endangered children. As Drucker (1985, 1998) points to, this inertia may come from a lack of well-defined goals, incentives, and product or...
متن کاملCreativity and the role of the leader.
In today's innovation-driven economy, understanding how to generate great ideas has become an urgent managerial priority. Suddenly, the spotlight has turned on the academics who've studied creativity for decades. How relevant is their research to the practical challenges leaders face? To connect theory and practice, Harvard Business School professors Amabile and Khaire convened a two-day colloq...
متن کاملLightning in a Bottle: Managing Ideas to Spur Innovation
Academic Libraries and Innovation Innovation is an important component of the academic library. In an environment where new technologies and resources are clouding the information world, it is essential for libraries to continue to be at the forefront of innovations impacting the information world. Robin Bergart and M.J. D’Elia project that “if you take a look at your library’s mission or visio...
متن کاملDo General Managerial Skills Spur Innovation?
We show that firms with chief executive officers (CEOs) who gain general managerial skills over their lifetime work experience invest more in R&D and produce more patents. We address the potential endogenous CEO-firm matching bias using firmand CEOfixed effects and variation in the enforceability of non-compete agreements across states and over time during the CEO’s career. Our findings suggest...
متن کامل