Study On The Moderating Effect Of CEO Change On The Relationship Between Technological Knowledge Assets And Firm Performance

As an important technological knowledge asset,scientific and technological achievements have become a crucial factor for the advancement and development of modern economic industries.How to realize the change from "quantity change" to "quality change",to convert technological knowledge assets into productivity,and then to improve corporate performance has become an important issue that urgently needs to be solved in theory and practice.However,not all technical knowledge assets will be transformed into corporate performance.The process of transforming technical knowledge assets into corporate performance is accompanied by a large number of risky corporate technological innovation activities.Therefore,whether or not to carry out technological innovation activities,how to proceed,and what to the extent,these issues will affect the degree of investment in R&D activities,the effect of scientific and technological achievements,and corporate performance.As the makers of important internal decision-making and strategies of the company,the CEO has unquestionable decision power in the final choice of these problem-solving methods.If the CEO changes,the difference in CEO personal characteristics may affect their attitude toward R&D activities.Research shows that when CEOs change,companies often choose to be younger,highly educated,and CEOs with overseas backgrounds.So what causes companies to make such choices? Does the CEO with these three characteristics changes are more willing to conduct R&D activities? Is this change of feature combination most conducive to the transformation of scientific and technological achievements? What kind of CEO can companies choose to help improve the conversion rate of scientific and technological achievements?Based on this research background,based on the high-order theory,the paper analyzes the influence of different changes in CEO age,education,and overseas background on the relationship between technology knowledge assets and corporate performance.Based on the empirical research results,this article further explored the effects of the simultaneous changes in CEO characteristics on the relationship between technological knowledge assets and corporate performance,and obtained the CEO feature combination with the highest conversion rate of scientific and technological achievements.By revealing the rejuvenation of the CEO,the high degree of education,and the influence of overseas background on the transformation of scientific and technological achievements,it explains why the current company presents this feature when selecting a successor CEO,and provides supplementary reference opinions for the company to select a successor CEO.The research content of the higher-order theory has been further improved.