Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2123022
Right person for the right job: the impact of top management’s occupational background on Chinese enterprises’ R&D efficiency
Xinfeng Jiang
Jianxing Guo
Ahsan Akbar
Petra Poulova
Sažetak
The research on the influence of personal attributes of top management
on a firm’s innovative behavior has recently gained much traction
in the corporate finance literature. However little is known
about the role of professional background of top management in
influencing corporate R&D efficiency. The present research employs
data of China’s A-share listed firms during the period of 2008–2016
to explore this association. Empirical outcomes reveal that top management
with an R&D background significantly enhance Chinese
firms’ R&D efficiency. Moreover, equity incentives for the core R&D
team, lesser pay disparity between senior management and employees,
and the appointment of directors with R&D background play a
mediating role between R&D-savvy top management and firm’s
innovation capacity. The study findings establish a link between top
management’s human capital and an enterprise’s technological capability
and show that adopting appropriate innovation strategies
and R&D management practices is conducive to achieving the R&D
efficiency in Chinese enterprises. Our results are robust to alternate
econometric specifications and alternate variable specifications.
Ključne riječi
Top management’s R&D background; R&D efficiency; mediating factors; equity incentives; pay gap; director’s appointment; Chinese enterprises
Hrčak ID:
306663
URI
Datum izdavanja:
30.4.2023.
Posjeta: 167 *