The impact of executive diversity on corporate innovation: Evidence from the natural experiment of high-speed rail in China

被引：9
|
作者：
Guo, Zhaorui [1 ]
Chan, Kam C. [2 ,3 ]
Huang, Jun [4 ]
机构：
[1] Shanghai Normal Univ, Sch Finance & Business, Shanghai, Peoples R China
[2] Zhongnan Univ Econ & Law, Sch Accounting, Wuhan, Peoples R China
[3] Western Kentucky Univ, Gordon Ford Coll Business, Bowling Green, KY 42101 USA
[4] Shanghai Univ Finance & Econ, Inst Accounting & Finance, Shanghai, Peoples R China
来源：
MANAGERIAL AND DECISION ECONOMICS | 2021年 / 42卷 / 01期
基金：
中国国家自然科学基金;
关键词：
RESEARCH-AND-DEVELOPMENT; TOP MANAGEMENT TEAMS; FIRM PERFORMANCE; ECONOMIC-GROWTH; SIZE; INTEGRATION; BEHAVIOR; SYSTEMS; AGENCY; MARKET;
D O I：
10.1002/mde.3227
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We examine the impact of executive diversity on corporate innovation using an exogenous natural experiment: the implementation of high-speed rail (HSR) in China. The findings suggest that after a city implements HSR, firms increase their executive diversity, resulting in better corporate innovation than firms in non-HSR cities. Additional analysis suggests that when a firm belongs to a competitive industry, is located in a low marketization region, or operates in a poor transportation region, the impact of HSR on executive diversity and corporate innovation is magnified. Our findings carry implications for other emerging markets.
引用
收藏
页码：219 / 234
页数：16
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