Journal article 57 views
Charismatic Leadership and Firm Innovation
Anh Do
SSRN Electronic Journal
Swansea University Author: Anh Do
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DOI (Published version): 10.2139/ssrn.4766438
Abstract
In the context of strategic consideration, radical innovation has been central to how scholars and practitioners have reprioritised value capture for firms. While the debate grows on the type of innovation and its appetite in firms, we take a step back and dissect value-based charismatic leadership...
| Published in: | SSRN Electronic Journal |
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| ISSN: | 1556-5068 |
| Published: |
Elsevier BV
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| Online Access: |
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa67506 |
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| Abstract: |
In the context of strategic consideration, radical innovation has been central to how scholars and practitioners have reprioritised value capture for firms. While the debate grows on the type of innovation and its appetite in firms, we take a step back and dissect value-based charismatic leadership to illustrate its transformational effects at the country level. In our study, the effect of leadership style has been showcased on innovation performance and R&D investments at the country level. Utilising metrics from Global Leadership and Organizational Behavior Effectiveness(GLOBE), we have employed the Hierarchy Linear Model (HML) on a sample containing 12,510 firms from 18 countries from 1998 to 2021. We obtain evidence supporting that firms operating in countries with the more substantial influence of culturally endorsed charismatic leadership are more creative and innovative in terms of more outstanding patents and patents citations, as well as more effective in R&D investment in producing innovation output in comparison to lower-influenced charismatic leadership counterparts. We also find that those strongly charisma-influenced firms, particularly, high-tech firms, can also achieve better success in R&D investment during turbulence. The majority of the impacts of charismatic leadership in enhancing R&D effectiveness are operated through greater networks of the CEO leaders. Our findings not only underline the value of charismatic leadership but also offer caution in terms of unsuccessful R&D which in the absence of appropriate leadership can do more harm than good. Offering a theoretical insight, the data used in our study plugs a gap in the literature whilst investigating the cross-country comparator to illustrate the influence of charismatic leadership on both innovation performance (through patents and citations) and R&D investments across prime sectors. |
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| Item Description: |
Preprint article before certification by peer review. |
| College: |
Faculty of Humanities and Social Sciences |