Following from research on firms' upper echelons, this article examines the previously unstudied issue of how technological dynamism moderates the relationship between a CEO's time in office and company inventive activities. We evaluate this relationship in the biopharmaceutical industry, a technology- and invention-intensive context. As would be expected from notions of a CEO life cycle, our results indicate a curvilinear, inverted U-shaped overall relationship between CEO tenure and invention. But technological dynamism shifts this curve in such a way that short-tenured CEOs engender more invention under highly dynamic technological environments, while long-tenured CEOs spur greater invention under more stable technologies. © Academy of Management Journal.
CITATION STYLE
Wu, S., Levitas, E., & Priem, R. L. (2005). CEO tenure and company invention under differing levels of technological dynamism. Academy of Management Journal, 48(5), 859–873. https://doi.org/10.5465/amj.2005.18803927
Mendeley helps you to discover research relevant for your work.