The Executive' s Influence on Innovation Investment of Listed Manufacturing Companies:The Dual Moderating Effect Based on Degree,Professional or Overseas Backgrounds?
The listed manufacturing companies in the Shanghai and Shenzhen A-share markets from 2019 to 2021 are selected as research samples to study the impact of executive degree,professional back-ground,and overseas background on innovation investment of listed manufacturing companies. The results show that executive degree,professional background,and overseas background are significantly positively correlated with enterprise R&D investment,and executive professional background and overseas background can positively regulate the impact of degree on enterprise innovation investment. The heterogeneity results indicate that the positive moderating effect of executive professional background and overseas background is more significant in non-state-owned and non-traditional manufacturing industries.