May 1, 2024: 11:00 am - 12:15 pm ET

Daniel Goetzel (Entrepreneurial Lead, National Science Foundation) - will present "NSF Engines, the Strategy Around It, and Early Learnings"

May 15, 2024: 11:00 am - 12:15 pm ET

Marlene Herz and Cornelia Storz (both Goethe University Frankfurt) - will present "Government R&D Subsidies, TMT Diversity, and Innovation". Andreas König (University of Passau) will discuss.

Abstract: Industrial policy to promote innovation has returned. Industrial policy research emphasizes government capabilities to promote innovation by selecting the right firms. However, strategy research long has stressed that top management teams (TMT) make a difference in resource utilization. We argue that firms with more diverse TMTs translate government R&D subsidies into more innovation. Using a unique dataset of publicly listed Chinese firms between 2008 and 2017 and combining a matching approach with a difference-in-difference design, we find that TMT’s international and functional diversity helps firms to create more innovation from R&D subsidies. Our results contribute to studies at the nexus between industrial policy and strategic management by underscoring the vital role of TMT diversity in facilitating impactful industrial policies.

This marks the end of our Spring 2024 seminars. Please reach out to Tim Folta, Maryann Feldman, or Supradeep Dutta if you want to present in the Fall. Have a good summer!