{"title":"Corporate Research and Development Expenditures in Saudi Arabia: Does CEOs’ Power Matter?","authors":"Fadhila Hamza, Souha Ben Gamra","doi":"10.1177/09722629221147118","DOIUrl":null,"url":null,"abstract":"This article investigates the impact of the chief executive officer’s (CEO’s) power on research and development (R&D) expenditures in Saudi Arabia. Mainly, it studies the influence of CEOs’ power (ownership power, structural power and expert power) on their risk-taking behaviour. Empirically, we used a panel model with data from a sample of 60 Saudi firms listed from 2016 to 2019. We developed five models to examine both the direct and moderating effects of the power indicators on R&D expenditures using OLS regression. Findings demonstrate that Saudi firms promoting insider CEOs with short tenure and no ownership are more innovative. These results have great implications for researchers and investors to understand what kind of power they should consider when selecting leaders to carry out innovation plans and thus ensure long-term firm growth.","PeriodicalId":44860,"journal":{"name":"Vision-The Journal of Business Perspective","volume":"42 1","pages":""},"PeriodicalIF":3.0000,"publicationDate":"2023-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Vision-The Journal of Business Perspective","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09722629221147118","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 1
Abstract
This article investigates the impact of the chief executive officer’s (CEO’s) power on research and development (R&D) expenditures in Saudi Arabia. Mainly, it studies the influence of CEOs’ power (ownership power, structural power and expert power) on their risk-taking behaviour. Empirically, we used a panel model with data from a sample of 60 Saudi firms listed from 2016 to 2019. We developed five models to examine both the direct and moderating effects of the power indicators on R&D expenditures using OLS regression. Findings demonstrate that Saudi firms promoting insider CEOs with short tenure and no ownership are more innovative. These results have great implications for researchers and investors to understand what kind of power they should consider when selecting leaders to carry out innovation plans and thus ensure long-term firm growth.
期刊介绍：
Vision-The Journal of Business Perspective is a quarterly peer-reviewed journal of the Management Development Institute, Gurgaon, India published by SAGE Publications. This journal contains papers in all functional areas of management, including economic and business environment. The journal is premised on creating influence on the academic as well as corporate thinkers. Vision-The Journal of Business Perspective is published in March, June, September and December every year. Its targeted readers are researchers, academics involved in research, and corporates with excellent professional backgrounds from India and other parts of the globe. Its contents have been often used as supportive course materials by the academics and corporate professionals. The journal has been providing opportunity for discussion and exchange of ideas across the widest spectrum of scholarly opinions to promote theoretical, empirical and comparative research on problems confronting the business world. Most of the contributors to this journal range from the outstanding and the well published to the upcoming young academics and corporate functionaries. The journal publishes theoretical as well as applied research works.
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