摘要
管理者过度自信是影响公司创新活动的重要因素。以2010—2020年中国A股上市公司为样本,实证检验了管理者过度自信与利用式创新以及探索式创新之间的关系。研究发现,管理者过度自信会显著促进探索式创新,抑制利用式创新。此外,董事会职能背景异质性对以上关系起到调节作用。
Managerial overconfidence is an important factor affecting the company's innovation activities.Taking Chinese A-share listed companies from 2010 to 2020 as samples,this paper empirically tests the relationship between managerial overconfidence and exploitative and exploratory innovation.It is found that managerial overconfidence can significantly promote exploratory innovation and inhibit exploitative innovation.In addition,functional background heterogeneity of the board of directors moderated the above relationship.
作者
王晗
WANG Han(School of Business,Nankai University,Tianjin 300071,China;China Academy of Corporate Governance,Nankai University,Tianjin 300071,China)
出处
《未来与发展》
2022年第11期78-83,45,共7页
Future and Development
基金
国家自然科学基金面上项目“股东异质性、董事会决策过程与企业双元创新研究”(71972111)。
关键词
管理者过度自信
双元创新
董事会职能背景异质性
managerial overconfidence
ambidextrous innovation
board functional background heterogeneity
