Abstract

Strategic Management JournalVolume 17, Issue 1 p. 73-84 Research ArticleToken Access INSTITUTIONAL INVESTORS AND FIRM INNOVATION: A TEST OF COMPETING HYPOTHESES RAHUL KOCHHAR, Corresponding Author School of Business, Metropolitan State College, Denver, Colorado, U.S.A.School of Business, Metropolitan State College, Denver, Colorado, U.S.A.Search for more papers by this authorPARTHIBAN DAVID, College of Business Administration, Texas A&M University, College Station, Texas, U.S.A.Search for more papers by this author RAHUL KOCHHAR, Corresponding Author School of Business, Metropolitan State College, Denver, Colorado, U.S.A.School of Business, Metropolitan State College, Denver, Colorado, U.S.A.Search for more papers by this authorPARTHIBAN DAVID, College of Business Administration, Texas A&M University, College Station, Texas, U.S.A.Search for more papers by this author First published: January 1996 https://doi.org/10.1002/(SICI)1097-0266(199601)17:13.0.CO;2-NCitations: 298AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinked InRedditWechat Abstract There is much debate about the effect of institutional investors on firm innovation. This paper tests three competing hypotheses by including differences among institutions in their ability to influence firms. Results using an outcome-based measure of innovation indicate that institutions do not foster short-term orientation; instead they may influence firms to increase innovation. Citing Literature Volume17, Issue1January 1996Pages 73-84 RelatedInformation