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| CEO学术经历对企业创新绩效的影响——企业创新投入的中介作用* |
| The Impact of CEO Academic Experience on Enterprise Innovation Performance--Intermediary role of enterprise innovation investment |
| 投稿时间：2020-06-18 修订日期：2020-07-03 |
| DOI： |
| 中文关键词: CEO学术经历 创新绩效 创新投入 中介效应 |
| English Keywords:the Impact of CEO academic experience enterprise innovation performance enterprise innovation investment intermediary effect |
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| 中文摘要: |
| 基于高层阶梯理论,以2009-2014年沪深两市A股上市公司为研究样本,研究了CEO学术经历对企业创新绩效的影响,以及企业创新投入在两者之间发挥的作用机理。实证结果发现,(1)CEO学术经历能促进企业创新绩效的提升；(2)企业创新投入在CEO学术经历与企业创新绩效关系中发挥中介作用。研究结论对企业创新发展方面具有一定启示意义。 |
| English Summary: |
| Taking the A-share listed companies in Shanghai and Shenzhen from 2009 to 2014 as the research sample, this article studies the Impact of CEO academic experience on the innovation performance of enterprises, and the mechanism of the role of enterprise innovation investment in between.The empirical results found that CEO academic experience can promote the improvement of enterprise innovation performance.Specifically, CEO academic experience can increase enterprise innovation investment,and through the use of innovation investment to play a "partial intermediary effect" to further promote enterprise innovation performance.This conclusion is still valid after controlling for endogeneity and other robustness tests.The above findings have certain enlightening significance for CEO selection,employment,training,performance management,incentive mechanism and the development direction of enterprises. |
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