摘要
本文以2008-2016年沪深A股上市公司为样本,对CEO多职业背景与企业技术资本积累之间的关系进行了理论分析和实证检验。研究发现,相对于单一职业背景的CEO,具有多职业背景的CEO会更有利于企业技术资本积累,CEO职业数量与企业技术资本积累之间存在显著的倒U型关系。进一步分析发现,相对于规模大、股权集中度低、CEO薪酬低的企业,规模小、股权集中度高、CEO薪酬高的企业,CEO多职业背景对企业技术资本积累的促进作用更为显著,且CEO职业数量与企业技术资本积累之间的倒U型关系也更为显著。本文丰富了CEO职业背景对企业技术资本积累影响的研究,并可为企业选拔、考核CEO以及制定储备人才培养政策等管理实践提供有益参考。
Based on the sample of Shanghai and Shenzhen A-share listed companies from 2008 to 2016,this paper theoretically analyzes and empirically tests the relationship between CEO multi-career background and enterprise technical capital accumulation.The result shows that CEO with a multi-career background will be more conducive to the accumulation of enterprise technical capital than CEO with a single career background,and there is a significant inverted U-shape relationship between CEO occupation quantity and enterprise technical capital accumulation.Furthermore,compared with the enterprises with large-scale,low ownership concentration and low CEO compensation,the positive effect of CEO multi-career background on enterprise technical capital accumulation is more significant among the enterprises with small-scale,high ownership concentration and high CEO compensation,and the inverted U-shape relationship between CEO occupation quantity and enterprise technical capital accumulation is also more significant.This paper enrich the research about the influence of CEO career background on enterprise technical capital accumulation and provide the enterprises useful references for the management practice,including selecting CEO,assessing CEO and formulating reserve talent training policies.
出处
《会计研究》
CSSCI
北大核心
2021年第11期88-101,共14页
Accounting Research
基金
国家社会科学基金重大项目(21ZDA040)资助
关键词
CEO多职业背景
企业技术资本积累
职业数量
技术创新
CEO Multi-Professional Background
Enterprise Technical Capital Accumulation
Occupation Quantity
Technological Innovation