Original scientific paper
https://doi.org/10.1080/1331677X.2020.1792324
R&D subsidies, executive background and innovation of Chinese listed companies
Xiuwu Zhang
Lixiang Wang
Feng Chen
Abstract
Enterprises are the mainstay of national innovation. The improvement of enterprise productivity and the sustained and rapid
development of the economy are inseparable from the research
and development (R&D) and innovation of enterprises. Most previous research studies have focused on the economic system and
scale of enterprises to study the impact of government–enterprise
relations on corporate innovation. This article takes the heterogeneity background characteristics of executives as the starting
point, discusses the internal mechanism of R&D subsidies, the
background characteristics of corporate executives and the
innovative behaviour of Chinese listed companies, and draws two
conclusions: (1) The current Chinese government’s innovation
subsidy allocation process still has some preferences, such as the
company’s executives have more R&D subsidies for listed companies with a background in government, technical background and
high academic background; and (2) Although the three types of
background characteristics of executives are beneficial to the
company’s R&D subsidies, the government background of executives has not significantly promoted the innovation of listed companies, while the background of technology R&D and high
academic background of executives have significantly promoted
corporate innovation.
Keywords
executive heterogeneity background characteristics; research and development (R&D) subsidy; Chinese listed enterprise innovation
Hrčak ID:
301177
URI
Publication date:
31.12.2021.
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