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Succession of General Manager and the Persistence of Firm Innovation |
Li Jian,Shao Dan,Pan Zhen |
Business School,Nanjing Normal University,Nanjing 210023,China |
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Abstract The innovation activities will result in high adjustment cost.Therefore,keeping the sustainable innovation is very important to the development of firms in China.Using the data of A-share listed companies in manufacturing industry from 2006 to 2014,this paper analyzes the influence of the succession of general manager on the persistence of firm innovation.Therefore we discuss the moderating effects of product market competition and expected performance feedback effect between succession of general manager and the persistence of firm innovation.As a result,we find that succession of general manager has a negative impact on the persistence of firm innovation and intense product market competition can promote their negative relationship.Also,when the actual performance is lower than expected performance,the negative impact of product market competition on the relationship of succession of general manager and the persistence of firm innovation is stronger.However,when the actual performance is higher than expected performance,the negative impact of product market competition is weaken.
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Received: 06 September 2016
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Corresponding Authors:
Li Jian
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