高管团队经历与企业"专精特新"战略选择
Top Management Team's Experience and Firm's Choice of SRDI Strategy
唐春勇 1金登科 1赖彦钊 1刘金宇1
作者信息
- 1. 西南交通大学经济管理学院,成都 610036
- 折叠
摘要
基于高阶梯队理论和烙印理论,利用2011-2022年中国A股上市公司的数据集,探究了高管团队学术经历、职能经历和海外经历等对企业"专精特新"战略的影响机制.研究发现:第一,具有丰富学术经历、研发经历、海外经历的高管团队倾向于引领企业"专精特新"式发展.第二,组织任期会弱化高管团队学术经历对"专精特新"战略选择的作用;但其研发经历和海外经历对该战略选择的影响保持稳健.进一步发现,企业竞争激烈地区、国有企业以及女性高管占比多的高管团队对"专精特新"战略的意愿较弱.经过两阶段最小二乘法、倾向得分匹配、替换核心变量等内生性和稳健性检验后,结果依旧显著.
Abstract
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.
关键词
战略选择/"专精特新"战略/高管团队经历/组织任期Key words
strategy choice/SRDI strategy/top management team experience/organizational tenure引用本文复制引用
基金项目
国家自然科学基金项目(71332002)
国家自然科学基金项目(71572157)
四川省博士后科研特别资助项目(YH1101012372227)
出版年
2024
NETL
NSTL
万方数据