高管团队断层与企业创新能力——基于创业板上市公司的经验证据

The Faultlines of Top Management Team and Enterprise Innovation Capability:Evidence from Chinese GEM Companies

本文引入高管团队断层理论,以创业板上市公司为研究样本,探讨基于财务金融背景而形成的高管团队断层对企业创新能力的影响。研究结果表明:具有财务金融背景的高管与非财务金融背景高管所形成的高管团队断层对企业创新能力有负向影响,CEO权力强度对基于财务金融背景的高管团队断层与企业创新的负向影响关系有抑制作用,股权集中度对基于财务金融背景的高管团队断层与企业创新的负向影响关系有促进作用。以上结论说明,基于财务金融背景的高管团队断层是影响企业创新能力的重要因素。

This paper introduces the theory of fauhlines of top management team （TMT）, and uses the GEM companies as research samples to explore the effects of faultlines of TMT based on the background of finance on enterprise innovation ability. The results show that： the faultlines of TMT based on the background of finance and non-finance have negative effect on enterprise innovation ability, CEO power has inhibitory role in the negative influence of faulflines of TMT based on the background of finance on enterprise innovation and ownership concentration has promoting role in the negative in- fluence of the faultlines of TMT based on the background of finance on enterprise. The above conclusions show that the faultlines of TMT based on the background of finance is an important factor influencing enterprise innovation ability.