Original scientific paper
https://doi.org/10.1080/1331677X.2022.2086600
The influence of returnee technology executives on enterprise innovation: the innovation patent data of global exchange market listed companies
Xiao Lan
Zhe Li
Zongjun Wang
Abstract
In this paper, the innovation patent data of 344 Chinese Global
Exchange Market (GEM) listed companies from 2014 to 2018 is
manually collected, and the effect of returnee technology executives
(RTEs) on enterprise innovativeness is examined based on
the empirical theory of the high ladder team. The study finds that
RTEs promote enterprise innovation and that this effect persists
after controlling for endogeneity and self-selection problems. By
comparing the difference in the effect of RTEs on breakthrough
innovation and non-breakthrough innovation, the study found
that RTEs had a more significant role in promoting enterprise
breakthrough innovation. Furthermore, through executive group
analysis, it is found that Returnee Technology Chief Executive
Officers (CEOs) have more potently positive effect on promoting
enterprise innovation especially breakthrough innovation and
RTEs exert greater prominence in fostering innovation in companies
across developed coastal areas. The research theoretically
expands and deepens the investigation on the rapport between
enterprise executive characteristics and innovation, highlights the
importance of the human capital of overseas returnees in practice,
and has a certain guiding significance for enterprise talent
introduction policies.
Keywords
Returnee technical executives; enterprise innovation; executive position; regional differences
Hrčak ID:
304169
URI
Publication date:
31.3.2023.
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