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The Double-edged Sword Effect of Academic Executives on Enterprise Innovation:an Empirical Analysis of Listed Companies of Small and Medium-sized Enterprises |
Xu Jianbo,Chen Jianming,Wang Jiaxin |
(College of Management,Xuzhou Institute of Technology,Xuzhou 221008, China) |
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Abstract Employing people with academic experience as corporate executives is an important way for enterprises to seek technological innovation resources and maintain innovation advantages in the market. Taking the SMEs and GEM listed companies in China from 2011 to 2018 as the research object, this paper explores the influence mechanism of senior managers' academic experience on enterprise innovation. The conclusions are as follows: (1) the academic experience of senior managers has a significant promotion effect on enterprise innovation; (2) the effect of academic senior managers in promoting innovation input is greater than that of innovation output; (3) with the increase of the proportion of academic senior managers in enterprises, the role of innovation promotion is declining; (4) the effect of innovation brought by academic Executives in the decisive position is declining. The conclusions reflect that academic executives have "double-edged sword" effect on enterprise innovation in China. On the one hand, attracting academic executives to participate in enterprise management can significantly improve the innovation of enterprises, on the other hand, because of the complex characteristics of scholars, this positive role presents a non-linear feature. This study enriches the theory of enterprise innovation and high-level echelon, provides a useful reference for the decision-making of enterprise Executives' employment, and also provides micro-level experience support for the policy of encouraging scientific researchers to engage in "Creation and Innovation".
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Received: 02 June 2020
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