A1 Journal article (refereed), original research

Cognitive diversity, managerial characteristics and performance differences accross the cleantech firms

Publication Details

Authors: Bergman Jukka-Pekka, Luukka Pasi, Jantunen Ari, Tarkiainen Anssi

Publisher: IGI Global

Publication year: 2020

Language: English

Related journal or series: International Journal of Knowledge-Based Organizations

Volume number: 10

Issue number: 1

ISSN: 2155-6393

eISSN: 2155-6407

JUFO level of this publication: 1

Digital Object Identifier (DOI): http://dx.doi.org/10.4018/IJKBO.2020010101

Open Access: Not an Open Access publication


Continuous change in the energy sector towards more sustainable solutions has raised the importance of managers' abilities to interpret changes in their environments and translate those perspectives into strategic choices. This study examines managerial interpretation on changing business environment opening the relationship of cognitive diversity, board composition, and performance differences across the cleantech firms. The authors' empirical study employs both indirect and direct cognitive measures for analysis of cognitive maps collected through surveys from the cleantech firms. The study utilizes the hybrid cognitive mapping technique with distance ratio to investigate cognitive diversity and bridges it with the firms' performance. The study also advances and operationalizes the distance ratio as a measure for the analysis of cognitive maps to utilize more information available in the maps. The results indicate that the managerial characteristics showing firm-level economic expertise creates high-level cognitive diversity and high financial volatility in performance among the cleantech firms.

Research Areas

Last updated on 2021-16-03 at 12:47