The Research on the Influence of Top Management Team Heterogeneity on Enterprise Technological Innovation
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Abstract
This paper examines the relationship between the heterogeneity of the TMT and the company's technological innovation. The data comprising of ChiNext companies from 2012 to 2019 are selected and a system of structural equations are estimated for the study.
From three aspects of heterogeneity, this paper suggests that gender and age heterogeneity have a significantly negative correlation with enterprise technological innovation, and occupational background heterogeneity has a positive effect on enterprise technological innovation. The paper also finds evidence suggesting that the ownership concentration plays a moderating role between the heterogeneity of the TMT and the company's technological innovation.
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References
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