Rising to the challenge: Top executives with R&D background, risk-taking and corporate innovation
Document Type
Journal Article
Publication Title
Science, Technology and Society
Publisher
SAGE
School
School of Business and Law
RAS ID
52704
Funders
National Natural Science Foundation of China (71702006, 71802010)
High-level Teachers in Beijing Municipal Universities in the Period of 13th Five-year Plan (CIT&TCD201904035, CIT&TCD201904031)
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.
DOI
10.1177/09717218221075153
Access Rights
subscription content
Comments
Li, H., & Xiang, E. (2022). Rising to the challenge: Top executives with R&D background, risk-taking and corporate innovation. Science, Technology and Society, 27(2), 233-255.
https://doi.org/10.1177/09717218221075153