The impact of executive diversity on corporate innovation: Evidence from the natural experiment of high-speed rail in China

被引：10

作者：

Guo, Zhaorui ^{[1
]}

Chan, Kam C. ^{[2
,3
]}

Huang, Jun ^{[4
]}

机构：

[1] Shanghai Normal Univ, Sch Finance & Business, Shanghai, Peoples R China

[2] Zhongnan Univ Econ & Law, Sch Accounting, Wuhan, Peoples R China

[3] Western Kentucky Univ, Gordon Ford Coll Business, Bowling Green, KY 42101 USA

[4] Shanghai Univ Finance & Econ, Inst Accounting & Finance, Shanghai, Peoples R China

来源：

MANAGERIAL AND DECISION ECONOMICS | 2021年 / 42卷 / 01期

基金：

中国国家自然科学基金;

关键词：

RESEARCH-AND-DEVELOPMENT; TOP MANAGEMENT TEAMS; FIRM PERFORMANCE; ECONOMIC-GROWTH; SIZE; INTEGRATION; BEHAVIOR; SYSTEMS; AGENCY; MARKET;

D O I：

10.1002/mde.3227

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine the impact of executive diversity on corporate innovation using an exogenous natural experiment: the implementation of high-speed rail (HSR) in China. The findings suggest that after a city implements HSR, firms increase their executive diversity, resulting in better corporate innovation than firms in non-HSR cities. Additional analysis suggests that when a firm belongs to a competitive industry, is located in a low marketization region, or operates in a poor transportation region, the impact of HSR on executive diversity and corporate innovation is magnified. Our findings carry implications for other emerging markets.

引用

页码：219 / 234

页数：16

共 70 条

[1] Competition and innovation: An inverted-U relationship [J].

Aghion, P ;

Bloom, N ;

Blundell, R ;

Griffith, R ;

Howitt, P .

QUARTERLY JOURNAL OF ECONOMICS, 2005, 120 (02) :701-728

[2] From periphery to core: measuring agglomeration effects using high-speed rail [J].

Ahlfeldt, Gabriel M. ;

Feddersen, Arne .

JOURNAL OF ECONOMIC GEOGRAPHY, 2018, 18 (02) :355-390

[3] Distinguishing the effects of functional and dysfunctional conflict on strategic decision making: Resolving a paradox for top management teams [J].

Amason, AC .

ACADEMY OF MANAGEMENT JOURNAL, 1996, 39 (01) :123-148

[4]

[Anonymous], 1936, THEORY EC DEV

[5] Arm's Length Financing and Innovation: Evidence from Publicly Traded Firms [J].

Atanassov, Julian .

MANAGEMENT SCIENCE, 2016, 62 (01) :128-155

[6] Bribe Payments and Innovation in Developing Countries: Are Innovating Firms Disproportionately Affected? [J].

Ayyagari, Meghana ;

Demirguec-Kunt, Asli ;

Maksimovic, Vojislav .

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2014, 49 (01) :51-75

[7] Firm Innovation in Emerging Markets: The Role of Finance, Governance, and Competition [J].

Ayyagari, Meghana ;

Demirguec-Kunt, Asli ;

Maksimovic, Vojislav .

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2011, 46 (06) :1545-1580

[8] Firms' human capital, R&D and performance: a study on French and Swedish firms [J].

Ballot, G ;

Fakhfakh, F ;

Taymaz, E .

LABOUR ECONOMICS, 2001, 8 (04) :443-462

[9] CEO characteristics and firm R&D spending [J].

Barker, VL ;

Mueller, GC .

MANAGEMENT SCIENCE, 2002, 48 (06) :782-801

[10] THE MODERATOR MEDIATOR VARIABLE DISTINCTION IN SOCIAL PSYCHOLOGICAL-RESEARCH - CONCEPTUAL, STRATEGIC, AND STATISTICAL CONSIDERATIONS [J].

BARON, RM ;

KENNY, DA .

JOURNAL OF PERSONALITY AND SOCIAL PSYCHOLOGY, 1986, 51 (06) :1173-1182

← 1 2 3 4 5 6 7 →