Imitative innovation and financial distress risk: The moderating role of executive foreign experience

Liu, Bai; Ju, Tao; Bai, Min; Yu, Chia‐Feng

doi:10.1016/j.iref.2020.09.021

Cited by 47 publications

(23 citation statements)

References 56 publications

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“…First, fsQCA bridges quantitative and qualitative approaches and allows us to analyze causal relationships between configurations (Ragin, 2008). As entrepreneurial innovation and founder management are asymmetric, management attributes of the founder of synergistic interactions may amplify the influence of executive on company innovation (Liu et al, 2021), and fsQCA can supplement regression analysis. Second, fsQCA is recently applied increasingly in entrepreneurship and innovation-related studies (e.g., Mas-Verdú et al, 2015;Kraus et al, 2018).…”

Section: Research Methods Data Analysis Methodsmentioning

confidence: 99%

“…Second, the inherent information asymmetry and uncertainty surrounding the innovation of firms makes it even more likely to need that an analysis of synergistic interactions among the management attributes of founders. For instance, it might show whether the synergistic interactions of the management attributes of founders amplify the influence of executives on company innovation (Liu et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Founder Management and Innovation: An Empirical Analysis Based on the Theory of Planned Behavior and Fuzzy-Set Qualitative Comparative Analysis

Xiao

Chang

et al. 2022

Front. Psychol.

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Based on the expanded theory of planned behavior, this study first explores the configuration relationship between founder management and innovation by using the fuzzy-set qualitative comparative analysis (fsQCA). Based on the theory of planned behavior, this study divides the behavior intention of founders into three categories: Attitude, subjective norm, and perceived behavior control. Using fsQCA, we found that there are two ways to achieve high innovation input of enterprises. In combination with the two ways, the factors such as male and highly educated founder, and large firm size can effectively increase the innovation input of firms, which is consistent with the three aspects of the behavioral intention of the theory of planned behavior, and it proves that the theory of planned behavior can effectively explain the configuration relation between the founder and firm innovation. In addition, this study finds that the innovation output is different from the innovation input, is dependent on the innovation ability of the firm itself, and is less influenced by the external environment.

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Section: Research Methods Data Analysis Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Founder Management and Innovation: An Empirical Analysis Based on the Theory of Planned Behavior and Fuzzy-Set Qualitative Comparative Analysis

Xiao

Chang

et al. 2022

Front. Psychol.

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“…Liu et al investigate how imitative innovation impacts the likelihood of financial hardship and how executives' overseas experience moderates this association. They demonstrate significant evidence that imitative innovation raises the probability of financial hardship, and that senior executives overseas experience can buffer this negative effect, using patent application data from Chinese listed businesses from 2008 to 2017 [18]. Hence, the overseas experience can alleviate financial hardship.…”

Section: Financial Hardshipmentioning

confidence: 97%

The Influence of Corporate Executives’ Overseas Experience and Background on Corporate Behavior

2022

2022 2nd International Conference on Management Science and Industrial Economy Development (MSIED 2022)

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The economy is currently experiencing globalization and every country is looking to recruit large numbers of people to develop their markets and boost their own economies. Governments often offer incentives and benefits to attract overseas talent, and universities often organize events to increase opportunities for overseas students to exchange for study abroad. Some companies will hire executives with overseas experience at high salaries, which may make the company more competitive and broad-minded. However, it is worth examining the argument as to whether executives with overseas experience have a profound impact on the behavioral decisions of companies. Firstly, through general investment, this article investigates the link between management overseas experience and company investment behavior, corporate innovation, and corporate social responsibility (CSR). Secondly, this paper examines the relationship between debt financing cost, cost of equity capital, financial hardship, tax avoidance, audit fees, mergers and acquisitions (M&A), and financialization of real enterprises. Finally, this paper investigates the impact of management foreign experience and firm performance through executive recruitment decisions, the performance of emerging market companies, and the impact of corporate finance on firm performance. Board diversity and internationalization of enterprises, the regulatory role, and investment efficiency are examined. These studies lead us to conclude that managers with an international background have a substantial favorable influence on company behavioral decisions.

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“…Independent innovation makes enterprise enter into unknown technology field that all technological obstacles and gaps encountered in this process are unknown and difficult [18]. Besides, stock price fluctuations and financial distress for listed companies directly affect innovation activities and may lead the failure of innovation activities [19]. Enterprise should adopt a dual-channel perspective concerning improving capacity of innovation [20].…”

Section: Literature Reviewmentioning

confidence: 99%

Cognitive Diversity of Top Management Team, Environmental Technology and Information Identification – Evidence from Environmental Protection Enterprise in China

Song¹,

He²,

Yan³

2023

Pol. J. Environ. Stud.

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Environmental technology is the core power for environmental protection enterprise. Top management team (TMT) has an important impact on developing direction of environmental technology. In this paper, environmental protection enterprises in China are selected as samples to examine that how does cognitive diversity of TMT affect the directions of environmental technology. Environmental technology is divided into acquisition of environmental patent and independent environmental innovation. It finds that cognitive diversity has positive impacts on acquisition of environmental patent and independent environmental innovation. It also shows that environmental protection enterprise develops new environmental technology through acquisition of environmental patent. We further explore the role of ability of information identification on environmental technology. The results demonstrate that there is a promotional effect of cognitive diversity on acquisition of environmental patent and independent environmental innovation by promoting ability of information identification. Finally, the results of heterogeneity analysis show that cognitive diversity in those environmental protection enterprises with high-level technology has a significant effect on independent environmental innovation. However, for those enterprises who has no high-level technology, cognitive diversity of TMT plays a positive role on acquisition of environmental patent through ability of information identification.

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Imitative innovation and financial distress risk: The moderating role of executive foreign experience

Cited by 47 publications

References 56 publications

Founder Management and Innovation: An Empirical Analysis Based on the Theory of Planned Behavior and Fuzzy-Set Qualitative Comparative Analysis

Founder Management and Innovation: An Empirical Analysis Based on the Theory of Planned Behavior and Fuzzy-Set Qualitative Comparative Analysis

The Influence of Corporate Executives’ Overseas Experience and Background on Corporate Behavior

Cognitive Diversity of Top Management Team, Environmental Technology and Information Identification – Evidence from Environmental Protection Enterprise in China

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