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An empirical study of executive research backgrounds on enterprise innovation - the moderator of internal and external institutional environments on physics -reason - human methodology

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  • Wang, Huifang
  • Chen, Ning

Abstract

This study explored the mechanism of executive research backgrounds on enterprise innovation and the moderator of business environment and executive incentives based on the physics -reason - human (Wuli-Shili-Renli, WSR) methodology, used the data of Listed Companies in CSMAR database from 2017 to 2021. It found that every 1% increase in executives with scientific research backgrounds will lead to an increase of 0.016%, 0.160% and 0.010% in innovation input, innovation output and innovation quality respectively in enterprises; every 1% increase in executives with research and development (R&D) backgrounds will decline innovation input by 0.013%, while innovation output and innovation quality in enterprises will increase by 0.257% and 0.026% respectively. Optimizing the business environment can not only stimulate executives' innovation input, but also stimulate their high-quality and efficient innovation output. Salary incentives is easy to induce innovative output of executives with research backgrounds, which is heavy on quantity rather than quality, while equity incentives is the opposite. This study helps enterprises carry out innovation decision-making and practice considering “physics", “reason" and “human ".

Suggested Citation

  • Wang, Huifang & Chen, Ning, 2024. "An empirical study of executive research backgrounds on enterprise innovation - the moderator of internal and external institutional environments on physics -reason - human methodology," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 140-151.
    • Handle: RePEc:eee:reveco:v:93:y:2024:i:pb:p:140-151
    DOI: 10.1016/j.iref.2024.03.076
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