Rising to the Challenge: Top Executives with R&D Background, Risk-Taking and Corporate Innovation

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-02-17 DOI:10.1177/09717218221075153

Huicong Li, Erwei Xiang

引用次数: 1

Abstract

More than half of Chinese high-technology firms are led by top executives (chairman and CEO) with R&D background. This study investigates whether and how top executives’ R&D background affects corporate innovation outcomes using a sample of listed firms in the high-technology industries in China. We find that the R&D background of top executives is positively related to innovation outcomes. We also find evidence on the mediating effect of R&D expenditure and moderating effect of corporate risk-taking on the above relationship. Our baseline results are robust to tests that address concerns caused by potential unobservable characteristics, reverse causality and other issues. Findings of our study have important implications for firms that aim to enhance their innovation outcomes and countries regarding their research policymaking and R&D management.

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迎接挑战:具有研发背景的高管、风险承担和企业创新

超过一半的中国高科技企业由具有研发背景的高管(董事长和首席执行官)领导。本文以中国高新技术产业上市公司为样本，研究了高管研发背景是否影响企业创新成果，以及如何影响企业创新成果。研究发现，高管的研发背景与创新成果正相关。研究还发现了研发支出的中介作用和企业风险承担对上述关系的调节作用。我们的基线结果对于解决由潜在的不可观察特征、反向因果关系和其他问题引起的问题的测试是稳健的。我们的研究结果对旨在提高创新成果的企业和国家在研究决策和研发管理方面具有重要意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.