高等研究所セミナーシリーズ【政治・経済・法の計量分析】
Waseda Organizational and Financial Economics Seminar
Slack, Institutions and Innovation Effort Around the World
| 講演者 | Joel Malen氏 (一橋大学 イノベーション研究センター 講師) 講演者のプロフィールはこちら |
|---|---|
| 日 時 | 2015年6月22日（月） 13:00～14:30 |
| 会 場 | 早稲田大学 早稲田キャンパス11号館11階 1110号室 |
| 主 旨 | Research grounded in the behavioral theory of the firm (BTF) has elaborated on the role slack plays in supporting efforts to innovate in firms, but the BTF fails to account for moderating effects that national corporate governance institutions (NCGIs) may have on this firm-level relationship when studied on a cross-country basis. In response, we develop a cross-level theoretical framework assuming that countries differ in their NCGI protections related to two firm stakeholders—shareholders and employees—and that such NCGI protections moderate the firm-level relationship between different types of slack and innovation effort in firms. We test predictions derived from our framework using a sample of 7,083 firms from 29 countries observed from 1991-2005. 2-stage firm- and country-level estimated dependent variable analyses of these slack types and their impact on firm R&D intensity indicate that: 1) stronger NCGI shareholder protections diminish positive financial and human resource (HR) slack effects on R&D intensity consistent with the logic that more influential shareholders induce managers to decrease buffering effects promoting innovation effort; but 2) stronger NCGI employee protections magnify positive HR slack effects on R&D intensity consistent with the logic that more influentialemployees induce managers to increase commitment effects promoting innovation effort. Cross-country research on the relationship between firm slack and innovation effort can and should account for substantial differences in country-level NCGIs that show little tendency toward convergence in the near term. |
| プログラム | 13：00 開会の挨拶（宮島英昭） 13：05 講演 14：05 質疑応答 14：25 閉会の挨拶（宮島英昭） |
| 対 象 | 学部生・大学院生・研究者・教職員 等 |
| 主 催 | 早稲田大学産業経営研究所 早稲田大学高等研究所 |
| 申込み | 事前申し込み不要です。直接会場にお越しください。 |
