Top Management Team's Experience and Firm's Choice of SRDI Strategy
Drawing on Upper Echelons Theory and Imprinting Theory,this paper examines the impact of top management team's(TMT's)academic experience,functional experience,and overseas experience on the corporate choice of specializa-tion,refinement,differentiation,and innovation(SRDI)strategy using the dataset from China's A-share listed companies between 2011 and 2022.The results show that firstly,TMT with rich academic experience,R&D experience,and overseas experience are more inclined to choose the SRDI strategy.Secondly,the longer the organizational tenure of TMT,the less im-pact that academic experience has on SRDI strategy.Further analysis shows that the effect of TMT's experience on SRDI strategy is weaker in regions with intense firm competition,state-owned enterprises,and teams with a higher proportion of female executives.After conducting two-stage least squares,propensity score matching,and substituting core variables for endogeneity and robustness tests,our results remain significant.
strategy choiceSRDI strategytop management team experienceorganizational tenure
NETL
NSTL
万方数据
