高管团队海外经历背景与企业创新
Executives'Overseas Experience and Corporate Innovation
王韧 1周宇婷 1陈嘉婧 2黄瑞钦 3张少勇4
作者信息
- 1. 湖南工商大学财政金融学院,长沙 410205
- 2. 中南大学商学院,长沙 410205
- 3. 纽约大学文理学院,纽约 10012
- 4. 湖北经济学院会计学院,武汉 430205
- 折叠
摘要
随着全球经济一体化进程的加快,创新已然成为企业竞争力的核心.已有较多文献关注高管社会关系对企业创新的影响,但从高管个人经历为视角的研究相对匮乏.高管海外经历背景能否促进企业创新?其内在机制是什么?本文研究发现:高管团队海外经历背景能促进企业创新,这种促进作用存在异质性,在非国有企业中表现出更为显著的效果.在机制检验中发现,高管团队海外经历背景通过缓解企业的融资约束、抑制管理层短视程度、提高企业的风险承担能力来促进企业创新,并且外部支持对融资约束起到正向调节作用、对管理层短视及风险承担起到了负向调节作用.本文的研究结果将为改善企业管理人员的配置结构以促进企业创新提供理论依据和实践指导.
Abstract
With the acceleration of global economic integration,innovation has become the core of corporate competitiveness.The exist-ing literature explores the impact of executives'background on corporate innovation mostly from the perspective of their social relation-ships,but seldom from the perspective of their personal experiences.Can executives'overseas experience promote corporate innovation?What are the underlying mechanisms?This paper finds that the overseas experience background of executive teams can promote corporate innovation,and there is heterogeneity in this promotion effect,which is more significant in non-state-owned enterprises.In the mecha-nism test,it is found that the background of the executive team's overseas experience promotes corporate innovation by alleviating their firm's financing constraints,suppressing the degree of management myopia,and improving their firm's risk-taking ability,and that ex-ternal support positively regulates the financing constraints,and negatively regulates the management myopia and risk-taking.The findings of this paper will provide theoretical basis and practical guidance for improving the allocation structure of corporate managers to promote corporate innovation.
关键词
海归高管/海外经历/企业创新/机制研究Key words
returnee executives/overseas experience/corporate innovation/mechanism research引用本文复制引用
出版年
2024
NETL
NSTL
万方数据