Iman Harymawan, - and Fajar Kristanto Gautama Putra, - and Amalia Rizki, - and Mohammad Nasih, - (2021) Innovation intensity of military-connected firms. International Journal of Managerial Finance. pp. 1-33. ISSN 1743-9132 (In Press)

	Text (Artikel) Iman Harymawan_Artikel110_Innovation intensity.pdf Download (258kB)
	Text (Peer Review) Iman Harymawan_Peer Review110.pdf Download (1MB)
	Text (Similarity Test) Iman H_Similarity110_Innovation intensity.pdf Download (2MB)
	Text (Corresponding Author) Iman H_Korespondensi110 Innovation-Intensity.pdf Download (541kB)
	Text (Similarity Test 2) MohNasih_Similarity109_Innovation-intensity-of.pdf Download (3MB)
	Text (Kualitas Karil) MohNasih_KualitasKaril109.pdf Download (786kB)

Abstract

Purpose The study aims to examine the military-connected firms' risk preference, specifically in the innovation intensity level context. The authors argue that firms with military-experienced top management have conservative and risk-averse behavior, influencing the innovation investment policy. Design/methodology/approach The authors use nonfinancial Indonesian-listed firms from 2010 to 2018 amounted to 2,504 firm-year observations. Findings The authors document a negative relationship between military connection with both innovation activities and outputs. The additional analysis documents that risk-preferences of military-connected firms will be drastically changed when the industry has a high digital level, which confirms that risk-averse military-experienced management is less dominant with adaptation skill. The authors also identify that veterans did not need a long tenure to influence firms' innovation investment policy. Lastly, the result is robust due to various endogeneity tests employed. Originality/value This study further examines military-connected firms' technological innovation compared to prior studies and enriches the related literature.

Item Type:	Article
Uncontrolled Keywords:	Military connection, Innovation intensity, Research and development, Intangibles
Subjects:	H Social Sciences H Social Sciences > HF Commerce
Divisions:	04. Fakultas Ekonomi dan Bisnis > Akuntansi
Creators:	Creators NIM Iman Harymawan, - NIDN0020048403 Fajar Kristanto Gautama Putra, - NIM041411331020 Amalia Rizki, - NIDN0012047602 Mohammad Nasih, - NIDN0006086503
Depositing User:	Tn Sugeng Riyanto
Date Deposited:	07 Feb 2022 00:41
Last Modified:	16 Jun 2023 03:44
URI:	http://repository.unair.ac.id/id/eprint/113402
Sosial Share:

Actions (login required)

View Item