Top management team stability and enterprise innovation: A chairman's implicit human capital perspective

被引：13

作者：

Cao, Danting ^{[1
]}

Yu, Yike ^{[2
,3
]}

机构：

[1] Yuzhang Normal Univ, Sch Econ & Management, Nanchang, Peoples R China

[2] Guizhou Univ Finance & Econ, Green Dev Strategy Inst Western China, Guiyang, Peoples R China

[3] Guizhou High End Think Tank Green Dev, Guiyang, Peoples R China

来源：

MANAGERIAL AND DECISION ECONOMICS | 2023年 / 44卷 / 04期

关键词：

POLITICAL CONNECTIONS; MODERATING ROLE; PERFORMANCE; CONSEQUENCES; ENVIRONMENTS; INVESTMENT; CEO;

D O I：

10.1002/mde.3821

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Based on the data of A-share listed enterprise from 2008 to 2020, the paper investigates the impact of the stability of top management team on enterprise innovation from the perspective of chairman's implicit human capital. The results show that a stable top management team can effectively promote enterprise innovation; the chairman's psychological capital plays an inverted U-shaped regulatory role in the impact of the stability of the top management team on enterprise innovation; the social capital and emotional capital play a positive regulatory role in the impact of the stability of the top management team on enterprise innovation. After further identifying the motivation of enterprise innovation, it is confirmed that the stability of top management team promotes enterprise innovation and the chairman's implicit human capital regulates enterprise substantive innovation. The research of this paper provides new ideas for optimizing the human resource and organizational structure of top management team and improve the efficiency of enterprise innovation.

引用

页码：2346 / 2365

页数：20

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