IDEAS home Printed from https://ideas.repec.org/a/spi/joabfr/v7y2019i2p98-106id218.html
   My bibliography  Save this article

Does CEO Traits Influence Innovation? Evidence from the Kenya Banking Sector

Author

Listed:
  • Joel Kiplagat Tuwey
  • Vincent Ngeno

Abstract

Empirical research on firm innovation has provoked mixed reactions from various scholars in the recent past. The main purpose of this study is to determine the influence of CEO traits on innovation among financial institutions in Kenya on the basis of upper echelons and optimism theories. The study used the design of the explanatory survey. The survey data for 130 stratified financial firms were analysed using both descriptive and inferential statistics. Regression analysis was used to test the hypothesis. The findings indicate that the CEO's optimism, humility, and narcissism all had a positive effect on firm innovation. The consequences are that innovation in financial institutions is increasing when CEOs are optimistic, humble and narcissistic. The results suggest that, in order for financial institutions to be innovative, they need to have the CEOs who are optimistic and who epitomize visionary objectives to be committed to innovation. Likewise, they should have CEOs who are humble enough to involve key stakeholders and a narcissistic CEO who can stand decisively for organizational change in the form of innovation. This study is important in understanding how the CEO's personality contributes to firm innovation.

Suggested Citation

  • Joel Kiplagat Tuwey & Vincent Ngeno, 2019. "Does CEO Traits Influence Innovation? Evidence from the Kenya Banking Sector," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 7(2), pages 98-106.
    • Handle: RePEc:spi:joabfr:v:7:y:2019:i:2:p:98-106:id:218
    as

    Download full text from publisher

    File URL: http://scipg.com/index.php/102/article/view/218/311
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spi:joabfr:v:7:y:2019:i:2:p:98-106:id:218. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marina Taylor (email available below). General contact details of provider: http://scipg.com/index.php/102/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.