The Impact of Talent Introduction Policy on Enterprise Breakthrough Innovation:Empirical Evidence Based on Life Cycle Theory
Based on the data of Shanghai and Shenzhen A-share listed enterprises from 2012 to 2021,this paper analyzes the effect and mechanism of talent introduction policy on breakthrough innovation of enterprises with different life cycles.The results show that the talent introduction policy promotes breakthrough innovation in enterprises.According to the life cy-cle stage,the talent introduction policy can promote breakthrough innovation in enterprises in the growth and maturity stages.Heterogeneity analysis shows that the policy effect is mainly reflected in the private enterprises and high-tech enterprises in the growth and maturity stages,and it also promotes the traditional enterprises in the maturity stage but does not promote the breakthrough innovation of state-owned enterprises.The talent introduction policy promotes breakthrough innovation by helping enterprises improve human capital,increase R&D investment,and obtain innovative resources.The establishment of an innovation platform and talent introduction policy support have a substitution effect in promoting the breakthrough innova-tion of mature enterprises.Furthermore,talent introduction policy is conducive to improving the breakthrough innovation effi-ciency of mature enterprises.
NETL
NSTL
万方数据
