CEO Research Orientation, Organizational Context, and Innovation in the Pharmaceutical Industry

16 Pages Posted: 4 Jun 2020

See all articles by Nino van de Wal

Nino van de Wal

affiliation not provided to SSRN

Christophe Boone

University of Antwerp - Faculty of Applied Economics

Victor Gilsing

affiliation not provided to SSRN

Bob Walrave

Eindhoven University of Technology (TUE) - Department of Industrial Engineering and Innovation Sciences

Date Written: March 2020

Abstract

This study develops and tests a comprehensive framework that explains what, when, and how CEO characteristics influence firms’ innovation outcomes in R&D‐intensive industries. Empirical evidence from 109 CEOs from 87 U.S.‐based pharmaceutical firms over the period 2001–2013 reveals that research‐oriented CEOs – those with ability and motivation for science and technology – increase their firms’ innovation outcomes. The results indicate that the CEO–innovation relationship strongly depends on the extent of CEOs’ managerial discretion, which is shaped by the organizational context. We contribute to a more comprehensive understanding of the role of CEOs in firms´ innovation performance differentials.

Suggested Citation

van de Wal, Nino and Boone, Christophe and Gilsing, Victor and Walrave, Bob, CEO Research Orientation, Organizational Context, and Innovation in the Pharmaceutical Industry (March 2020). R&D Management, Vol. 50, Issue 2, pp. 239-254, 2020, Available at SSRN: https://ssrn.com/abstract=3617108 or http://dx.doi.org/10.1111/radm.12394

Nino Van de Wal (Contact Author)

affiliation not provided to SSRN

Christophe Boone

University of Antwerp - Faculty of Applied Economics ( email )

Prinsstraat 13
Antwerp, 2000
Belgium

Victor Gilsing

affiliation not provided to SSRN

No Address Available

Bob Walrave

Eindhoven University of Technology (TUE) - Department of Industrial Engineering and Innovation Sciences ( email )

Den Dolech 2
Eindhoven
Netherlands

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