Research using CEO turnovers and a trust proxy based on culturally inherited “generalized trust” finds that more trusting CEOs foster more exploratory R&D—showing up as ~6% more patents and higher patent quality—consistent with employees feeling safer taking risks.
Raising CEO trust by ~11 percentage points (for example: Greek-American → English-American average trust difference) corresponds to about a 6.3% increase in patents filed, roughly ~1 additional patent per year for the average firm, estimated at ~$3M in additional value. [ source: https://insight.kellogg.northwestern.edu/.../trust... ]
No comments:
Post a Comment