| CEO自恋对创新绩效的影响研究——基于企业异质性的调节作用 |
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| 引用本文： | 尤志华,李海刚,韩丽川. CEO自恋对创新绩效的影响研究——基于企业异质性的调节作用[J]. 上海管理科学, 2020, 42(2): 56-62 |
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| 作者姓名： | 尤志华 李海刚 韩丽川 |
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| 作者单位： | 上海交通大学 安泰经济与管理学院,上海 200030;上海交通大学 安泰经济与管理学院,上海 200030;上海交通大学 安泰经济与管理学院,上海 200030 |
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| 基金项目： | 国家自然科学基金资助项目“知识视角下的NPD合作网络成员与产品创新绩效的关系模型及其实证研究”(71071095);上海市教委科研创新重点项目“大型复杂新产品开发知识网络建模与知识创新优化的实证研究——以大型民用客机研制为例”(14ZS021)。 |
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| 摘 要： | 从CEO心理特征视角出发,探究了CEO自恋与企业创新绩效之间的关系。以2011—2016年A股135家上市公司的纵向数据为样本,通过广义估计方程模型进行实证检验。研究发现:CEO自恋对企业创新绩效具有显著促进作用。进一步研究发现,CEO自恋对企业创新绩效的影响受到企业异质性的调节作用:相比小规模企业,大规模企业中CEO自恋对创新绩效的促进作用更显著;相比低财务杠杆企业,高财务杠杆企业中CEO自恋对创新绩效的促进作用更显著;相比非国有企业,国有企业中CEO自恋对创新绩效的促进作用更显著。
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| 关 键 词： | CEO自恋 创新绩效 企业规模 企业负债 企业所有权性质 |
The Influence of CEO's Narcissism on Innovation Performance:Based on the Moderating Role of Enterprise Heterogeneity |
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| YOU Zhihua,LI Haigang,HAN Lichuan. The Influence of CEO's Narcissism on Innovation Performance:Based on the Moderating Role of Enterprise Heterogeneity[J]. Shanghai Managent Science, 2020, 42(2): 56-62 |
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| Authors: | YOU Zhihua LI Haigang HAN Lichuan |
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| Affiliation: | (Anlai College of Economic & Management,Shanghai Jiao long University,Shanghai 200030,China) |
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| Abstract: | This paper empirically examines the impact of CEO narcissism on enterprise innovation perform ance based on the perspective of CEO s psychological characteristics of 135 A listed enterprises.Results show that.CEO narcissism is positively related with R&D investment and positively regulates innovation output.This relationship is also reliant upon the context of corporate heterogeneity.Narcissistic CEO in large firms obtain greater innovation success than that in small firm:In high financial leverage firms,the positive effect of CEO narcissism on innovation output in enterprises is stronger than that in low financial leverage enterprises;The positive relationship in state-owned enterprises is stronger than that in non-state-owned enterprises.The empirical results of this study help to enrich the research on executive narcissism,and have important theoretical guiding significance and practical reference value for the decision-making of enterprise managers. |
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| Keywords: | CEO’s narcissism innovation performance firm size financial strategy ownership nature |
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