Managerial ability, managerial risk taking and innovation performance

被引：12
|
作者：
Qian, Kun [1 ]
Liang, Xinyv [2 ]
Liu, Xiaofeng [1 ]
机构：
[1] Nanjing Univ Finance & Econ, Sch Accounting, Nanjing 210023, Peoples R China
[2] Xiamen Univ, Sch Econ, Xiamen 361005, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 57卷
基金：
中国国家自然科学基金;
关键词：
Managerial risk-taking; Managerial ability; Innovation performance; PREFERENCE;
D O I：
10.1016/j.frl.2023.104193
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the effects of managerial risk-taking on corporate innovation performance. Using the sample of China's A-share listed companies from 2015 to 2020, we find strong evidence that managerial risk-taking has a positive effect on corporate innovation performance which relies on the managerial ability. Further, our results show that management personal risk-taking improves their ability and firm level risk-taking improves innovation performance only if it meets with high managerial ability. In this paper we provide new evidence that overly aggressive managerial personal risk tolerance may hinder managerial ability. In addition, we find that managerial ability and risk tolerance of enterprise may work together to promote corporate innovation performance.
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页数：12
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