Business environment,executive on-the-job consumption and enterprise innovation
In the context of promoting the business environment for innovation and entrepreneurship in China and inspiring and protecting entrepreneurship,it is of great practical significance to study how the business environment affects enterprise innovation through executive on-the-job consumption.Based on the data from Chinese A-share listed companies from 2012 to 2022,the paper used panel regression model and mediating effect model to explore the impact and mechanism of business environment on enterprise innovation,and deeply examined the mediating effect of executive on-the-job consumption.The research results indicated that:(1)Improvement of the business environment had a positive impact on enterprise innovation,with a promotion effect of 0.1253.Heterogeneity analysis found a significant positive impact on the innovation of both forestry and non-forestry enterprises,with an impact effects of 0.2241 and 0.1252,respectively,which indicated that optimization of business environment could promote the innovation of both forestry and non-forestry enterprises.(2)Executive on-the-job consumption played a partial mediating role in the relationship between business environment and enterprise innovation.The analysis of corporate nature heterogeneity and industry heterogeneity showed that it had a significant mediating effect on the performance of non-state enterprises and non-forestry enterprises.(3)Executive excess on-the-job consumption played a partial mediating role in the relationship between business environment and enterprise innovation.Analysis of enterprise industry heterogeneity showed significant mediating effects on both forestry and non-forestry enterprises.Based on the theory of new institutional economics,this article constructed a theoretical analysis framework of"business environment-executive on-the-job consumption-enterprise innovation",which enriched the mechanism of business environment to promote enterprise innovation,and provided a new path for enhancing enterprise innovation capability of enterprises.The article put forward policy insights:Firstly,to create a business environment aimed at protecting and cultivating entrepreneurship.Secondly,to improve the incentive mechanism for corporate executives and stimulate their innovation enthusiasm.Thirdly,to stimulate the innovation potential of state enterprises and increase support for innovation in private enterprises.Fourthly,to attach importance to the role of the business environment in promoting innovation of forestry enterprises and give full play to the positive driving effect of incentives for executives in forestry enterprises.
business environmententerprise innovationexecutive on-the-job consumption
NETL
NSTL
万方数据
维普
