Does the paternalism of founder-managers improve firm innovation? Evidence from Chinese non-state-owned listed firms

Sun, Lan; Liu, Shaobo; Chen, Peng

doi:10.1016/j.frl.2022.103146

Cited by 9 publications

(3 citation statements)

References 44 publications

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“…The dependent variable in this paper is invention patents, and this paper used patent applications as the proxy. Patent applications have been widely used as a measurement of innovation output in previous studies [ 16 , 49 ], and this measurement has several advantages. Firstly, patent data are the most detailed and systematically compiled data about firm innovation in China [ 50 ].…”

Section: Methodsmentioning

confidence: 99%

The interactive effect of the career horizon and power of CEO on invention patents

Liu,

Zhang,

2024

Heliyon

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Section: Methodsmentioning

confidence: 99%

The interactive effect of the career horizon and power of CEO on invention patents

Liu,

Zhang,

2024

Heliyon

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“…The individualized cognitive construction of the external environment stems from the combined influence of the CEO's experience, values, and personality traits. Technical founders, as the protagonists of corporate innovation investment and decision-making, are one of the most innovative groups (Sun et al, 2022), often serving as both chairman and CEO. Studies have shown that the greatest strength of technology entrepreneurs, whether working alone or in teams, is that they usually have a deep technical understanding of their business foundation and therefore have a clear understanding of how the new technologies they create can be applied to the business environment (Oakey, 2012).…”

Section: Technical Founder and Enterprise Innovation Performancementioning

confidence: 99%

Technical founders, digital transformation and corporate technological innovation: empirical evidence from listed companies in China’s STAR market

2023

Int Entrep Manag J

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Technology entrepreneurship and corporate innovation are important for the development of indigenous innovation. In the digital age, founders are subject to fundamental changes in their strategy choices, which in turn affect corporate innovation performance. This paper aims to explore the strategic choices adopted by technical founders of listed companies in China’s STAR market to reap the rewards of innovation in a digital context. Based on the annual reports of 124 listed companies in China’s STAR Market, this paper applies machine learning methods to quantify digital transformation of enterprises, and empirically analyzes the relationship between technical founders and innovation performance by constructing a moderated mediating model. Our results show that companies with technical founders are more likely to adopt digital transformation and thus show better innovation performance. In terms of heterogeneity, the empirical results demonstrate that firms with technical founders show better performance in digital transformation, followed in turn by those with business founders and academic founders. Both the positive relationship between enterprise digital transformation and innovation performance and the mediating effect of digital transformation are positively moderated by venture capital or private equity support. The findings reveal the microscopic mechanism of the role of technology-based founders on corporate innovation performance and hence have practical implications for promoting corporate digital transformation and enhancing firm technological innovation.

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“…At the business level, four parameters can be used to assess the heterogeneity of the influence of urban digital infrastructure on corporate ESG performance: ownership nature; company size; corporate life cycle; and profitability status. In terms of the nature of ownership, the coexistence of state-owned listed companies and non-state-owned listed companies, including privately-owned listed companies, is a critical institutional background in China's capital market [38]. State-owned businesses often experience greater pressure than non-state-owned businesses to strike a balance between the interests of stakeholders and social obligations, and they are also expected to take on more duties related to public benefit and social welfare.…”

Section: The Heterogeneous Impact Of Urban Digital Infrastructure On ...mentioning

confidence: 99%

Assessing the Effects of Urban Digital Infrastructure on Corporate Environmental, Social and Governance (ESG) Performance: Evidence from the Broadband China Policy

Zhai,

Ding,

Zhang

et al. 2023

Systems

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Urban digital infrastructure is the cornerstone of optimizing resource allocation and promoting sustainable economic development in the era of digital economy, and it will also affect corporate ESG performance. Based on the data of Chinese A-share listed companies from 2011 to 2021, an asymptotic difference-in-difference model is used to investigate the impact of urban digital infrastructure on corporate ESG performance based on the “broadband China” strategy and its underlying mechanism. This paper finds that urban digital infrastructure can promote corporate ESG performance. Further, urban digital infrastructure can contribute to corporate ESG performance by increasing research and development (R&D) investment, improving corporate governance, and increasing information transparency. Through heterogeneity analysis, the results show urban digital infrastructure contributes more significantly to the ESG performance of state-owned, small and medium, growth-stage, and low-profit companies and is more pronounced in non-heavy polluting companies and companies in the central and western regions. This paper has enhanced the theoretical framework of urban digital infrastructure and corporate ESG (environmental, social, and governance) performance, paving the way for a new approach to the collaborative development of cities and enterprises in pursuit of green and sustainable growth.

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Does the paternalism of founder-managers improve firm innovation? Evidence from Chinese non-state-owned listed firms

Cited by 9 publications

References 44 publications

The interactive effect of the career horizon and power of CEO on invention patents

The interactive effect of the career horizon and power of CEO on invention patents

Technical founders, digital transformation and corporate technological innovation: empirical evidence from listed companies in China’s STAR market

Assessing the Effects of Urban Digital Infrastructure on Corporate Environmental, Social and Governance (ESG) Performance: Evidence from the Broadband China Policy

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