期刊論文
| 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 ) |