市场竞争地位视角下高管学术背景与创新投资——来自资源型上市企业的经验证据  

Senior Managers'Academic Background and Innovation Investment from the Perspective of Market Competitive Position:An Evidence from Resource-based Listed Companies

作　　者：俞静[1] 王运栋 YU Jing;WANG Yundong(Business School, Hohai University, Nanjing 211100, China)

机构地区：[1]河海大学商学院,江苏南京211100

出　　处：《南京财经大学学报》2021年第6期56-65,共10页Journal of Nanjing University of Finance and Economics

基　　金：国家自然科学基金项目“贝叶斯框架下半参数门限模型的估计、检验及其应用”(71703030)。

摘　　要：资源型企业是我国企业的重要组成部分,其创新能力的提高有利于企业和国民经济的高质量发展。以2014—2019年中国A股资源型上市企业为研究样本,实证检验高管学术背景、市场竞争地位与企业创新投资三者之间的关系。研究结果表明:高管学术背景对企业创新投资具有促进作用;与市场竞争地位较高的企业相比,高管学术背景对企业创新投资的促进作用在市场竞争地位较低的企业中更为显著。进一步研究发现:高管学术背景对开发式创新投资的促进作用要强于对探索式创新投资的促进作用;创新投资可以提升企业绩效,高管学术背景会增强创新投资对企业绩效的影响。Resource-based enterprises play an important role in the national economy,the improvement of their innovation ability is conducive to the high-quality development of enterprises and the national economy.By taking resource-based A-share listed companies in China from 2014 to 2019 as research samples,this paper empirically tests relationship among senior managers'academic background,market competitive position and enterprise innovation investment.The results show that the senior managers'academic background has a positive effect on innovation investment.Compared with enterprises with high market competition position,the promotion effect of senior managers'academic background on enterprise innovation investment is more significant in the enterprises with low market competition position.Further research shows that the senior managers'academic background has a stronger promoting effect on exploitation innovation investment than on exploratory innovation investment.Innovation investment can improve enterprise performance,and the senior managers'academic background positively moderates effect of innovation investment on enterprise performance.

关 键 词：高管学术背景 创新投资 市场竞争地位 资源型企业 企业绩效 

分 类 号：F276[经济管理—企业管理]