THE JOURNAL OF FINANCIAL ECONOMICS· VOL.123, ISSUE.1 · JANUARY 2017

會開飛機的CEO與公司創新

作者：Jayanthi Sunder (University of Arizona), Shyam V. Sunder (University of Arizona), Jingjing Zhang (McGill University)

摘要：我們發現首席執行官（CEO）對駕駛飛機的愛好能與更好的創新成功、更大的創新效益和更多元化、更原始的專利顯著地聯系起來。本文使用了專利和引用來衡量創新。我們排除了另外的一種解釋，這使我們得出：CEO的飛行資格證能夠捕捉他們尋求刺激的性格特征。尋求刺激其實是将承擔風險和追求新奇經曆結合在了一起，并常常被用來與創造力相聯系。我們的證據表明尋求刺激作為一種寶貴的性格特征，可以被用來辨别哪些CEO更可能取得創新成果。

關鍵字：首席執行官，創新，性格特征，尋求刺激，内在動力

Pilot CEOs and corporate innovation

Jayanthi Sunder (University of Arizona), Shyam V. Sunder (University of Arizona), Jingjing Zhang (McGill University)

ABSTRACT

We find evidence that chief executive officers’ (CEOs’) hobby of flying airplanes is associated with significantly better innovation outcomes, measured by patents and citations, greater innovation effectiveness, and more diverse and original patents. We rule out alternative explanations, leading us to conclude that CEO pilot credentials capture the personality trait of sensation seeking. Sensation seeking combines risk taking with a desire to pursue novel experiences and has been associated with creativity. Our evidence highlights sensation seeking as a valuable personality trait that can be used to identify CEOs who are likely to drive innovation success.

Keywords: CEOs, Innovation, Personality traits, Sensation seeking, Intrinsic motivation

原文鍊接：

http://www.sciencedirect.com/science/article/pii/S0304405X16301970

翻譯：吳雨玲