高管团队海外背景对企业创新绩效的影响研究

The Impact of TMT Overseas Background on Firm Innovation Performance

针对现有研究对高管团队海外背景作用实现机制分析存在的不足,本文从结构视角出发,结合高阶梯队理论、团队冲突理论及关系人口统计学相关理论,以中国计算机、通信和其他电子设备制造业2005-2012年A股上市公司为样本,在考察高管团队海外背景比例特征的基础上,对海外背景高管与本土高管的年龄差异、性别差异、任期差异及教育水平差异四方面的关系人口统计学特征予以关注,实证分析了高管团队海外背景对企业创新绩效的影响。结果表明,高管团队中海外背景高管比例对企业专利申请量存在积极作用;海外背景高管与本土高管的年龄、任期差异和教育水平差异有利于企业专利申请量的提升;二者之间的年龄和任期差异对企业净资产收益率存在负向影响,教育水平差异则对净资产收益率存在正向影响。

Despite the focus on overseas background of top management team （TMT） of existing literatures, little is known about the configuration of TMT overseas background and its impact on firm innovation performance. This study draws on upper echelons theory, conflict theory and theories related to relational demography to investigate the impact of the configuration of TMT overseas background on innovation performance. Based on the panel data from 2005-2012 of Chinese A-share listed companies in computer, communications and other electronic equipment manufacturing industries, we find that the proportion of executives with overseas background in TMT is posi- tively correlated to the number of patent filings. Moreover, the differences between executives with overseas background and local execu- tives in age, tenure and education positively affect the number of patent filings ; the differences in age and tenure show negative impacts on ROE, however, the difference in education shows positive impact.