Managerial myopia and short-termism of innovation strategy: Financialisation of Korean firms
DC Field | Value | Language |
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dc.contributor.author | Seo, Hwan Joo | - |
dc.contributor.author | Kang, Sung Jin | - |
dc.contributor.author | Baek, Yong Jun | - |
dc.date.accessioned | 2021-08-30T09:50:33Z | - |
dc.date.available | 2021-08-30T09:50:33Z | - |
dc.date.created | 2021-06-18 | - |
dc.date.issued | 2020-11 | - |
dc.identifier.issn | 0309-166X | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/52065 | - |
dc.description.abstract | This study empirically examines whether managerial myopia leads to short-termism of innovation strategy using Korean firm and USPTO data covering 1980-2017. The main finding is that payout indicators, as the proxy variables for financialisation and managerial myopia, have a negative effect on innovation, quantitatively and qualitatively. Hence, managerial myopia and short-termism of innovation strategy are related. Further, estimation by the firm's size reveals that the hypothesis of managerial myopia leading to short-termism of innovation strategy is valid only for conglomerates. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | OXFORD UNIV PRESS | - |
dc.subject | RESEARCH-AND-DEVELOPMENT | - |
dc.subject | SHAREHOLDER VALUE | - |
dc.subject | INVESTMENT | - |
dc.subject | FINANCIALIZATION | - |
dc.subject | LIBERALIZATION | - |
dc.subject | ACCUMULATION | - |
dc.subject | COMPETITION | - |
dc.subject | SLOWDOWN | - |
dc.subject | GROWTH | - |
dc.title | Managerial myopia and short-termism of innovation strategy: Financialisation of Korean firms | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Kang, Sung Jin | - |
dc.identifier.doi | 10.1093/cje/beaa023 | - |
dc.identifier.scopusid | 2-s2.0-85097454922 | - |
dc.identifier.wosid | 000607798600002 | - |
dc.identifier.bibliographicCitation | CAMBRIDGE JOURNAL OF ECONOMICS, v.44, no.6, pp.1197 - 1220 | - |
dc.relation.isPartOf | CAMBRIDGE JOURNAL OF ECONOMICS | - |
dc.citation.title | CAMBRIDGE JOURNAL OF ECONOMICS | - |
dc.citation.volume | 44 | - |
dc.citation.number | 6 | - |
dc.citation.startPage | 1197 | - |
dc.citation.endPage | 1220 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordPlus | RESEARCH-AND-DEVELOPMENT | - |
dc.subject.keywordPlus | SHAREHOLDER VALUE | - |
dc.subject.keywordPlus | INVESTMENT | - |
dc.subject.keywordPlus | FINANCIALIZATION | - |
dc.subject.keywordPlus | LIBERALIZATION | - |
dc.subject.keywordPlus | ACCUMULATION | - |
dc.subject.keywordPlus | COMPETITION | - |
dc.subject.keywordPlus | SLOWDOWN | - |
dc.subject.keywordPlus | GROWTH | - |
dc.subject.keywordAuthor | Managerial myopia | - |
dc.subject.keywordAuthor | Financialisation | - |
dc.subject.keywordAuthor | Short-termism | - |
dc.subject.keywordAuthor | Innovation strategy | - |
dc.subject.keywordAuthor | Radical innovation | - |
dc.subject.keywordAuthor | Korean firms | - |
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