产业环境、管理者任期与企业双元创新投资——来自创业板的经验数据

发布时间：2018-02-13 03:24

本文关键词： 产业环境既有任期预期任期探索式创新投资开发式创新投资　出处：《证券市场导报》2017年06期 　论文类型：期刊论文

【摘要】：本文以高层梯队理论和心理契约理论为基础,选取2013~2015年我国创业板公司为研究样本,实证分析了管理者既有任期和预期任期与企业双元创新投资的关系,以及产业环境在二者之间起到的调节作用。结果发现:管理者既有任期与探索式创新投资负相关;与开发式创新投资正相关。管理者预期任期与企业探索式创新投资正相关;与企业开发式创新投资相关性不显著。产业环境的动态性在管理者既有任期和双元创新投资之间起到显著调节作用,但在管理者预期任期和双元创新投资之间的调节作用并不显著。这些结论细化了对创新投资行为的研究,对深入分析高管特征对企业创新投资行为的影响具有一定的启示意义。
[Abstract]:Based on the theory of high-level echelon and the theory of psychological contract, this paper selects the gem companies of China from 2003 to 2015 as the research sample, and empirically analyzes the relationship between the existing tenure and the expected tenure of managers and the dual innovative investment of enterprises. The results show that there is a negative correlation between managers' tenure and exploratory innovation investment, a positive correlation between managers' expected tenure and exploratory innovation investment, and a positive correlation between managers' expected tenure and enterprise exploratory innovation investment. The dynamic nature of the industrial environment plays a significant role in regulating the existing tenure of managers and the dual innovation investment. However, the regulatory effect between the expected tenure of managers and the dual innovation investment is not significant. These conclusions refine the research on innovation investment behavior, and have some enlightening significance for the in-depth analysis of the influence of executive characteristics on innovation investment behavior of enterprises.
【作者单位】：山东财经大学会计学院;山东大学管理学院;
【基金】：国家社会科学基金重大项目(14ZDA051) 中国博士后科学基金项目(2015M582105) 山东社会科学规划项目(14CKJJ02,14CKJJ03)
【分类号】：F272.91;F273.1;F832.51

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