高管团队异质性对中国涉农上市企业技术创新的影响

高管团队作为企业最高的决策主体,在提高涉农上市企业技术创新水平中发挥着重要的作用。以技术创新、高层梯队理论为依托,收集中国涉农上市企业2017—2019年高管特征与企业财务等相关数据,设定变量、构建模型,使用实证分析方法,研究高管团队异质性、政府补贴与涉农上市企业技术创新之间的关系。结果发现,高管团队任期、职业、学历异质性的提升有利于技术创新,但年龄异质性的提升抑制企业的技术创新。政府补贴正向激励了高管团队任期、职业异质性对技术创新的影响。研究结果可为涉农上市企业持续改善高管团队结构,提高技术创新水平提供参考。

Influence of top management team heterogeneity on technological innovation of China’s agriculture-related listed enterprises

Technological innovation is considered to be the key to enhance the core competitiveness of agriculture-related enterprises. As the highest decision-making body of the enterprise, top management team (TMT) plays an important role in the improvement of the technological innovation level. Based on the relevant theories of technological innovation and high-level echelon theory, the relevant data of TMT characteristics and finance status of China’s agriculture-related listed enterprises in 2017-2019 were collected in the present study, along with variables set and models constructed, to study the relationship within the heterogeneity of TMT, government subsidies and technological innovation level of China’s agriculture-related listed enterprises via empirical analysis. The results showed that the improvement of the heterogeneity of tenure, occupation and educational background of TMT was conducive to technological innovation, but the improvement of age heterogeneity of TMT inhibited technological innovation. The government subsidies positively stimulated the influence of tenure and occupation heterogeneity of TMT on technological innovation. The above results could provide references for China’s agriculture-related listed enterprises to continuously improve their technological innovation level by perfection of the TMT structure.