How the Leader-Team Age Dissimilarity and Leader Power Shape the Entrepreneurial Ventures’ R&D Intensity: Empirical Evidence from China

IF 2 4区管理学 Q3 BUSINESS

Entrepreneurship Research Journal Pub Date : 2022-05-09 DOI:10.1515/erj-2021-0352

Yaoyi Zheng, Yi Su

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引用次数: 1

Abstract

Abstract Contemplating the directionality of age difference between the leaders and their team, the leader-team age dissimilarity can be divided into two categories: leader-team norm-consistent age dissimilarity and leader-team norm-inconsistent age dissimilarity. Previous studies have remained lacking to investigate these two types of age differences and their interactions relationship with leaders’ power under China’s cultural context. This study integrates the theoretical framework of social normative theory and power distance theory, and analyzes the impact of leader-team norm-consistent age dissimilarity and leader-team norm-inconsistent age dissimilarity, and their interaction with leader power on entrepreneurial firms’ research and development (R&D) intensity. Panel data on the entrepreneurial firms of the China’s Growth Enterprise Market is adopted, and panel random-effects tobit regression is used for empirical test. The results indicate that leader-team norm-consistent age dissimilarity is negatively associated with R&D intensity of entrepreneurial firms, whereas there is an inverted U-shaped relationship between leader-team norm-inconsistent age dissimilarity and entrepreneurial firms’ R&D intensity. The aforementioned relationship is stronger when leader power is high as opposed to when it is low. The execution of robustness checks authenticates the veracity of the empirical results.

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领导团队年龄差异和领导权力如何影响创业企业研发强度:来自中国的经验证据

摘要考虑领导与团队年龄差异的方向性，可以将领导与团队年龄差异分为两类:符合规范的领导与团队年龄差异和不符合规范的领导与团队年龄差异。在中国文化背景下，对这两种类型的年龄差异及其与领导者权力的互动关系的研究仍然缺乏。本研究整合了社会规范理论和权力距离理论的理论框架，分析了领导-团队规范一致的年龄差异和领导-团队规范不一致的年龄差异对创业企业研发强度的影响，以及它们与领导权力的交互作用。采用中国创业板创业企业的面板数据，采用面板随机效应tobit回归进行实证检验。结果表明:年龄差异与创业企业研发强度呈负相关，而年龄差异与创业企业研发强度呈倒u型关系。上述关系在领导权力高的时候比在领导权力低的时候更强。鲁棒性检查的执行验证了实证结果的准确性。

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

Entrepreneurship Research Journal BUSINESS-

CiteScore

4.50

自引率

21.10%

发文量

期刊介绍： Entrepreneurship Research Journal (ERJ) was launched with an Inaugural Issue in 2011. Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall. Topics: -Research Modeling, Design, and Methods: entrepreneurship theories and conceptualizations, entrepreneurship research methods. -The Individuals-Opportunities-Resources Nexus: nascent entrepreneurs, opportunity recognition, drivers of value creation, and emergence, innovation and technology entrepreneurs, entrepreneurial risk and reward, entrepreneurial cognition and behavior. -Inclusive of Near Environments: family entrepreneurship, networks, teams and alliances, venture capital and angel investor groups, entrepreneurial communities, hubs, clusters and public policy, social entrepreneurship. -Distinct Entrepreneurial Stage or Setting: entrepreneurial growth and strategy, boards, governance and leadership, corporate entrepreneurship, international and emerging market entrepreneurship.