Knowledge capital, CEO power, and firm value: Evidence from the IT industry
學年 109
學期 1
出版（發表）日期 2021-01-15
作品名稱 Knowledge capital, CEO power, and firm value: Evidence from the IT industry
作品名稱（其他語言）
著者 Junmao Chiu, Chin-Ho Chen, Chung-Chieh Cheng, and Shih-Chang Hung
單位
出版者
著錄名稱、卷期、頁數 The North American Journal of Economics and Finance 55, p.1-13
摘要 Disruptive innovation dramatically changes the demand of a product market in the information technology (IT) industry. In response to the impact of disruptive innovation, IT firms that may be eliminated from the competitive race actively develop innovative products and adjust their operating strategies to strengthen their survivability in the fiercely competitive market. Thus, this study explores the factors that affect firm value in the IT industry under the impact of disruptive innovation. The empirical results reveal that knowledge capital and CEO power play crucial roles in explaining firm value. IT firms with powerful CEOs and increased knowledge capital have high firm values. The effects of knowledge capital and CEO power on firm value are especially significant for founder and duality CEO firms. Furthermore, the influence of CEO power is more prominent in periods of financial crisis.
關鍵字 Knowledge capital;CEO power;Powerful CEO;Firm value;Disruptive innovation
語言 en
ISSN 1062-9408
期刊性質 國外
收錄於 SSCI NotTSSCI
產學合作
通訊作者
審稿制度 是
國別 TWN
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/122919 )