 CEO reputation in corporate innovation: Financing versus talent-attractionYanmei Sun, Changyun Wang and Yuqi Wang Research in International Business and Finance, 2025, vol. 75, issue C Abstract: In this paper we measure the CEO reputation based on not only "how the CEO performs" but also "how the CEO is perceived", including three dimensions: firm performance, CEO passive reputation from search engine and proactive reputation management through managers’ microblogging, and document that CEO reputation has a positive effect on corporate innovation. Using a novel data crawling from authenticated microblogs of CEOs, we find that CEO reputation can enhance the level of corporate innovation through two channels: on one hand, it alleviates financing constraints, reduces the cost of equity financing, and promotes equity financing; on the other hand, it enhances the level of collaboration with research and development (R&D) personnel and increases the involvement of academicians in innovation activities. We also show that the impact of proactive reputation management through microblogging is relatively limited comparing to competence and passive media attention. Keywords: CEO reputation; Reputation management; Financing; Innovation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:75:y:2025:i:c:s0275531924005294 DOI: 10.1016/j.ribaf.2024.102736 Access Statistics for this article Research in International Business and Finance is currently edited by T. Lagoarde Segot More articles in Research in International Business and Finance from Elsevier |
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