Research On Executive Academic Capital,Management Power And Corporate Innovation Performance

In today’s world,century-old changes and century-old epidemics are intertwined.The international balance of power continues to evolve,and the development of human society has entered a new historical juncture.The advantages brought by various scientific and technological achievements and technological breakthroughs make us realize the importance of "innovation" for the country.As the main force of national innovative development,enterprises play an important role in the process of innovative development in our country.To improve the innovation performance of enterprises,we must innovate the training mode of talents,strengthen the cooperation between enterprises and academic talents,and promote the deep integration of schools and enterprises.Therefore,it is of great practical significance to study the mechanism of executive academic capital’s influence on firm innovation performance.Regarding the impact of executive academic capital on firm innovation performance,the existing literature has not reached a conclusion and there is a lack of in-depth research.First of all,important concepts such as executive academic capital and enterprise innovation performance are defined in this paper,basic theories such as the high-tier team theory and social capital theory are sorted out,and the literature related to executive academic capital,management power and enterprise innovation performance is visually analyzed by VOSviewer and reviewed.Secondly,this paper takes Shanghai-Shenzhen A-share listed companies from 2010 to 2020 as samples,and uses the super-efficiency SBM model to measure the innovation performance of enterprises.A nonlinear multiple regression model is built,and based on the current situation of Chinese executive academic capital stock,the influence of executive academic capital on enterprise innovation performance is explored through empirical analysis,and on this basis,the regulatory effect of management power is analyzed.Finally,from the perspective of the region,property rights and innovation atmosphere,the sample heterogeneity is analyzed.The results show that:(1)there is an inverted Ushaped relationship between executive academic capital and firm innovation performance;(2)Management power positively moderates the relationship between executive academic capital and firm innovation performance;(3)There is heterogeneity in the impact of executive academic capital on firm innovation performance.Compared with the eastern and western regions,the regression results of the central region are more significant.The role of executive academic capital in state-owned enterprises on enterprise innovation performance is more significant than that in non-state-owned enterprises.Enterprise innovation climate will disperse the impact of executive academic capital on enterprise innovation performance.Finally,based on the research conclusions,this paper puts forward the following suggestions for enterprises in terms of executive management and enterprise innovation:(1)Pay attention to the positive influence of academic executives in senior management team members to improve enterprise innovation performance;(2)The influence of academic capital of senior executives on enterprise innovation should be viewed dialectically,and the optimal academic capital stock of senior executives should be clarified to reduce the negative effect;(3)It is necessary to refine the cognition of Chinese enterprise senior leaders on academic executives,optimize the executive structure,and improve the efficiency of corporate management;(4)Optimize the academic capital stock of corporate executives according to local conditions,and define the impact of academic capital of corporate executives on corporate innovation performance according to the region,property right nature and innovation atmosphere.From the micro-perspective of executive academic capital,this thesis enriches the research results on the dynamic factors affecting firm innovation performance and reveals the "double-edged sword" effect of executive academic capital on firm innovation performance.In addition,the super efficiency SBM model is used to measure the variables of enterprise innovation performance,which provides a new method for measuring enterprise innovation performance.The synergistic effect of executive academic capital and management power on enterprise innovation performance is investigated,which has certain guiding significance for improving enterprise innovation performance.