IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v29y2022i12p1069-1072.html
   My bibliography  Save this article

CEOs’ educational background and investments in software

Author

Listed:
  • Akira Yamaguchi

Abstract

In the latter half of Japan’s Two Lost Decades (1990–2010), Japanese firms failed to undergo a thorough information and communications technology (ICT) revolution. In this study, we investigate the most likely cause for this situation and find that chief executive officers (CEOs) in Japanese companies simply did not know how to utilize the new equipment including ICT capitals. We estimate the impact of CEOs’ educational backgrounds(assessed based on their alma mater’s fame) on investments in software by using a compiled dataset that included Japanese listed firms with panel fixed effects models and a generalized method of moments. We find significant evidence that an increase in CEOs’ educational background raises their investment in software. We also revealed that a lack in CEOs’ knowledge of new equipment could be an obstacle for introducing new equipment and, consequently, could lead to loss of competitiveness.

Suggested Citation

  • Akira Yamaguchi, 2022. "CEOs’ educational background and investments in software," Applied Economics Letters, Taylor & Francis Journals, vol. 29(12), pages 1069-1072, July.
    • Handle: RePEc:taf:apeclt:v:29:y:2022:i:12:p:1069-1072
    DOI: 10.1080/13504851.2021.1908510
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2021.1908510
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2021.1908510?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    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:taf:apeclt:v:29:y:2022:i:12:p:1069-1072. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    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.