Byungchul Choi

• Professor
• Hankuk University of Foreign Studies

F. L. 2025. CEO narcissism, subsidiary top management team international diversity, and radical digital innovation in multinational enterprises. Research Policy, forthcoming. 2 CEO narcissism, subsidiary top management team international diversity, and radical digital innovation in multinational enterprises ABSTRACT Drawing on the extended agency m...

This study examines the role of a hybrid business incubator (HBI) in the specialized high-tech sector, specifically within the regional innovation system of Seoul. The objectives are to gain a comprehensive understanding of the mechanism by which internal and external collaborations influence tenant firms and to investigate the crucial role of the...

The goal of this paper is to investigate how deregulating foreign equity ownership influences a firm’s innovation investment. We attempt to answer this question using data from 530 Korean manufacturing firms between 1998 and 2003 through generalised estimating equations. Our findings suggest that foreign ownership and R&D investment exhibit an inve...

In anticipation of the upcoming changes and turbulence caused by Industry 4.0, in which digital integration connects all value chain members, managers at leading multinational enterprises (MNEs) are scrambling to predict the associated changes in the market. This pioneering study advances our understanding by investigating the impact of an MNE’s In...

Purpose This paper aims to provide empirical evidence on the impact of a corporate label change (CLC) from investors' perspective, especially based on the stakeholder approach to corporate identity. The resource-based theory has been used as a theoretical root of understanding the antecedents and consequences of brands. The authors specifically exa...

This study examined how firms combine alliances and acquisitions in an exploration/exploitation framework. By conducting cluster analysis on a sample of 1270 acquisitions made by 836 firms, we first identified the patterns in alliance and acquisition activities undertaken by these firms. Five distinct patterns were identified: (I) low alliance–low...

We explore how the different innovation strategies influence the propensity of emerging market firms with state ownership (FSOs) to form international joint ventures (IJVs). We argue that the different types of innovation strategies employed by emerging market FSOs affect the likelihood that they form IJVs differently. We propose that FSOs pursuing...

Digital transformation is perceived not only as a change in certain technology but also as a large transition that will ultimately change our lives for the better. Industry convergence, the key to digital transformation, entails, for firms, both various opportunities for innovation and the crisis of falling behind. Therefore, from the perspective o...

The office environment has changed rapidly due to the recent COVID-19 outbreak. Companies consider various types of remote work environments to contain the spread of the virus. Among them, a satellite office is a type of remote work environment where a number of employees are allocated to their nearest office. The benefits from satellite offices ar...

We explore how the different innovation strategies influence the propensity of emerging market firms with state ownership (FSOs) to form international joint ventures (IJVs). We argue that the different types of innovation strategies employed by emerging market FSOs affect the likelihood that they form IJVs differently. We propose that FSOs pursuing...

A variety of countries have instituted market liberalisation to develop their economies in the footsteps of more developed countries and changes in market system significantly influence a firm’s behaviour and performance. This paper investigates the impact of market liberalisation on a firm’s strategy of technology exploration in South Korea. We fi...

This study examines the impact of a centralized knowledge structure on the performance of international R&D teams in multinational corporations (MNCs) and moderating effects of team-specific characteristics. Building upon the social network perspective, we argue that while international R&D teams with a centralized knowledge structure will experien...

Current debates on organizational learning distinguish between two distinct and mutually exclusive learning modes: exploration and exploitation. This paper deals with the concept of ambidextrous routines in knowledge management (KM) initiatives. Specifically, drawing on a sample of 1468 MNEs from 24 regions in China, we find that a synergetic combi...

W e examine the role of debt as a governance mechanism in balancing exploration and exploitation. We argue that while equity is conducive to uncertain exploration critical for innovation, debt provides countervailing incentives for engaging in exploitation by imposing cash flow obligations and the threat of bankruptcy. As a consequence, debt become...

This paper investigates how market-oriented reforms affect firm incentives to innovate. We utilise the market reforms enacted in Korea following the Asian Financial Crisis of 1997 as an empirical setting to show why an institution-based view is crucial to understanding the factors that incentivize firms to innovate. Additionally, we draw on the com...

Organizational leaders routinely note the critical importance of human capital in enabling successful innovation outcomes. However, strategic human resource management (SHRM) practices, especially in large firms, often are not aligned with practices that facilitate breakthrough innovation (BI), where uncertainty, ambiguity, and risk of failure are...

Industry competition is one of the critical determinants of innovation strategy of the firm. Since the seminal contribution of Schumpeter, a large body of literature investigated the impacts of industry competition on innovationstrategy by mainly focusing on R&D investment.This paper adds to the extant literature on how industry competition influen...

We examine the role of debt as a governance mechanism in balancing exploration and exploitation. We argue that while equity is conducive to uncertain exploration critical for innovation, debt provides countervailing incentives for engaging in exploitation by imposing cash flow obligations and the threat of bankruptcy. As a consequence, debt becomes...

Investing in and integrating R&D and marketing efforts are critical activities for achieving innovation and new product success. A persistent question is how firms should allocate resources in favor of one or the other. In this research, we examine how the bottom-line impact of the balance between R&D and marketing is dependent on the firm's knowle...

The successful development of radical innovation projects entails navigating the tensions of conflicting organizational structures and project demands. Firms often manage those tensions through the creation of a Radical Innovation Hub (RIH), namely a dedicated formal structure to handle radical innovation projects. Previous research has found a sig...

Progress has been made in the scholarly literature in developing our understanding of factors that may contribute to success in commercializing breakthrough innovation, yet our approach has been piecemeal in nature. No studies to date have taken a systems-level approach to examine factors that may contribute to success in commercializing breakthrou...

Extant research suggests that when compared to equity, debt financing is less conducive to innovation activities. In this paper we challenge this view by suggesting that although equity sustains innovation by allowing risk-taking and experimentation, it may also encourage the pursuit of exploration at the expense of exploitation. Under these circum...

Organizational leaders routinely note the critical importance of human capital in enabling successful innovation outcomes. While the observation of their importance is obvious, human resource management (HRM) practices are not necessarily aligned with practices necessary to affect breakthrough innovation (BI), where uncertainty, ambiguity and risk...