上下级逆向年龄关系对企业创新的影响

The Influence of the Age-Inverse Relationship between the Superior and the Subordinate on Enterprise Innovation

通过将层级因素纳入管理层年龄差异的研究框架,对上下级逆向年龄关系影响企业创新的内在机制进行了理论分析,并以2007-2016年中国上市公司为样本进行实证检验。研究发现,上下级逆向年龄关系不利于企业创新。相应的内在机制研究表明,CEO权威的缺失是上述关系成立的内在原因。进一步研究发现,CEO的受教育程度会削弱上下级逆向年龄关系对企业创新水平的负面作用。此外,CEO实际年龄对上下级逆向年龄关系对企业创新影响的调节作用则表现为先缓解后加剧的变化特征。最后,高管内部薪酬差距和企业成立年限均会加剧上下级逆向年龄关系对企业创新的负面影响。

By incorporating the hierarchical factors into the research framework of management age difference, this paper makes a theoretical analysis of the internal mechanism of the age-inverse relationship between superiors and subordinates which is affecting enterprise innovation, and then it makes an empirical test of the above by taking the data of Chinese listed companies from 2007 to 2016 as samples. It is found that the age-inverse relationship between the superior and the subordinate is not conducive to enterprise innovation. The related internal mechanism researches show that the lack of CEO authority is the internal reason for the establishment of the above relationship. Further research findings show that the education level of a CEO will weaken the negative effect of the age-inverse relationship on enterprise innovation level. In addition, the moderating effect of a CEO’s actual age on the influence of age-inverse relationship between the superior and the subordinate on enterprise innovation is manifested in the changing characteristics of first easing and then intensifying.Finally, both the gap in the internal executive compensation and the age of company’s establishment will intensify the negative impact of the age-inverse relationship on enterprise innovation.