Digital innovation is ubiquitous across a wide range of industries, blurring the boundary between traditional and technology industries. An increasing number of firms in traditional industries such as manufacturing, retail, or service now regard themselves as technology companies. In this study, drawing on corporate governance literature, we develop a theoretical framework for the relationship between CEO power and digital innovation. We posit that a more powerful CEO more effectively directs risky digital innovation, leads change management, and resolves conflicts within a firm’s digital and business sides. We find that a more powerful CEO can drive digital innovation to a greater extent. Interestingly, this relationship is weakened by a board of directors’ external social capital but strengthened by the board’s internal social capital. Surprisingly, CEO power is negatively associated with the firm’s non-digital innovation. Our research significantly contributes to the literature on strategic information systems (SIS) on multiple fronts and offers meaningful managerial insights for organizations aiming to innovate using digital technologies.

中文翻译：

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首席执行官重要吗？CEO 权力对数字和非数字创新的不同影响


数字创新在各行各业中无处不在，模糊了传统行业和技术行业之间的界限。制造、零售或服务等传统行业的越来越多的公司现在将自己视为技术公司。在这项研究中，我们借鉴了公司治理文献，为 CEO 权力与数字创新之间的关系开发了一个理论框架。我们认为，更强大的 CEO 可以更有效地指导有风险的数字创新，领导变革管理，并解决公司数字和业务方面的冲突。我们发现，更强大的 CEO 可以在更大程度上推动数字创新。有趣的是，这种关系因董事会的外部社会资本而被削弱，但被董事会的内部社会资本所加强。令人惊讶的是，CEO 的权力与公司的非数字创新呈负相关。我们的研究在多个方面为战略信息系统 （SIS） 的文献做出了重大贡献，并为旨在利用数字技术创新的组织提供了有意义的管理见解。