Political Ideology, Inventor Mobility, and Corporate Innovation
63 Pages Posted: 22 Jun 2021 Last revised: 13 Feb 2024
Yuqi Gu
Willamette University Atkinson Graduate School of Management
Mahsa Kaviani
University of Delaware
Lily Y. Li
Villanova University
Hosein Maleki
Rutgers Business School - Rutgers University
Connie X. Mao
Temple University - Fox School of Business and Management
Date Written: May 1, 2022
Abstract
We investigate the impact of political ideologies on corporate innovation using the staggered expansion of Sinclair Broadcasting Group, the largest conservative media network in the US. Firm-level innovation output declines after Sinclair-affiliated stations enter the companies’ headquartered county. The effect is driven by the departure of innovative talent. The relocation of inventors impacts various quantity and quality measures of innovation and is driven by ideological concerns. More inventors relocate from red to blue states than from blue to red states following Sinclair's entry. The effect becomes smaller in states that restrict employee mobility through stringent enforcement of non-competition agreements.
Keywords: political ideology, media, innovation, human capital mobility
JEL Classification: D72, J24, L82, J61, O31
Suggested Citation: Suggested Citation
Yuqi Gu
Willamette University Atkinson Graduate School of Management ( email )
Salem, OR 97301
United States
Mahsa Kaviani
University of Delaware ( email )
20 Orchard Rd, Newark, DE
Newark, DE 19716
United States
Lily Y. Li
Villanova University ( email )
United States
Hosein Maleki (Contact Author)
Rutgers Business School - Rutgers University ( email )
Connie X. Mao
Temple University - Fox School of Business and Management ( email )
416 Alter Hall
Philadelphia, PA 19122
United States
215-204-4895 (Phone)
215-204-1697 (Fax)
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