Abstract
Recently, organizational research has paid more attention to the relationship between top executives' cognition and corporate innovation investment. Our research builds on behavioral decision theory and upper echelons theory, and we test this relationship empirically using data from 1000 Chinese listed companies in the manufacturing industry. In this paper, the degree of top executives cognition related to scientific innovation is measured by the content analysis method and the moderating effect of environmental factors such as market munificence and dynamism is also discussed thoroughly. The results show that top executives' cognition related to innovation will positively affect a firm's innovation investment. Further, the positive relationship between cognition and innovation investment will be stronger when a firm is faced with higher market munificence or lower dynamism.
| Original language | English |
|---|---|
| Pages (from-to) | 385-393 |
| Number of pages | 9 |
| Journal | Advances in Information Sciences and Service Sciences |
| Volume | 4 |
| Issue number | 12 |
| DOIs | |
| Publication status | Published - Jun 2012 |
| Externally published | Yes |
Keywords
- Cognition
- Innovation investment
- Market dynamism
- Market munificence