Research On The Relationship Between CEO’s General Management Ability And Corporate Innovation Performance Based On The Nature Of Corporate Equity

Throughout the world,market competition has become increasingly fierce.If enterprises want to survive and develop in competition,they must only shape their core competitiveness through innovation.At present,under the macro environment of China’s new economic normal,Chinese enterprises are faced with a more cruel competitive environment,and only by continuously promoting innovation can they continue to develop.The high-level ladder management theory believes that the cognitive preferences,values,and risk preferences of executives can be displayed to some extent through executive characteristics.As a core member of the corporate executive team,the CEO plays a decisive role in the formulation and implementation of corporate strategy.This paper defines the CEO’s general management ability from the CEO’s professional background,examines the impact of CEO’s general management ability on corporate innovation performance,and examines the adjustment role of corporate equity characteristics based on the company’s internal governance theory.This paper selects the listed companies from 2011 to 2016 as the research samples.The empirical results show that the CEO’s general management ability has a positive impact on the innovation performance of the company.When examining the adjustment effect of the company’s equity characteristics,it is found that the concentration of ownership to the CEO’s general management ability and enterprise The relationship between innovation performance has a negative adjustment effect.The equity balance has a positive adjustment effect on the relationship between CEO’s general management ability and corporate innovation performance.The nature of equity has a negative adjustment effect on the relationship between CEO’s general management ability and corporate innovation performance.Based on high-level management theory and corporate governance theory,this paper explores the impact of CEO’s general management ability on corporate innovation performance and the role of CEO’s general management ability on corporate innovation performance.In theory,it is enriched.Innovation theory.Interms of practical significance,I hope to provide some reference for corporate governance and senior management team building in China.