TY  - JOUR
T1  - Horizon Problem and Firm Innovation: The Influence of CEO Career Horizon, Exploitation and Exploration on Breakthrough Innovations
JF  - Research Policy
Y1  - 2017
A1  - Cho,Sam Yul
A1  - Kim,Sang Kyun
KW  - Strategy & Entrepreneurship
AB  - Building on labor market evaluations and legacy conservation motivation perspectives, we propose a mechanism to explain the relationship between CEO career horizons and breakthrough innovations. Using 10-year panel data from 681 U.S. firms, we find that firms that have a CEO with a short career horizon (measured by CEO age) tend to produce fewer breakthrough innovations. We also find that the relationship between CEO career horizon and breakthrough innovation is partially mediated by R&D spending, and also moderated by organizational learning behavior (exploration vs. exploitation). This study highlights how a CEO’s motivation to protect success in the short term affects the firm’s innovativeness.
VL  - 46
U2  - a
U4  - 126872340480
ID  - 126872340480
ER  - 

TY  - JOUR
T1  - Mixed Blessings: How Top Management Team Heterogeneity and Governance Structure Influence the Use of Corporate Venture Capital by Post-IPO Firms
JF  - Journal of Business Research
Y1  - 2016
A1  - Sahaym,Arvin
A1  - Cho,Sam Yul
A1  - Kim,Sang Kyun
A1  - Mousa,Fariss
KW  - Strategy & Entrepreneurship
AB  - This study examines the role of the top management team (TMT) and governance structures in the use of corporate venture capital (CVC) in firms that have recently undergone an initial public offering (IPO). The study is unique in that it sheds light on governance-related antecedents of strategic decision making in such firms. We integrate the insights of behavioral agency and upper echelon perspectives to develop our hypotheses. Our results show that in the presence of non-duality, a negative curvilinear relationship exists between TMT heterogeneity and the use of CVC. We also find that TMT heterogeneity and ownership motivate the use of CVC but only up to a certain threshold. Our findings contribute to the literatures of entrepreneurship and strategy.
VL  - 69
CP  - 3
U2  - a
U4  - 106418608128
ID  - 106418608128
ER  -