The governance role of corporate party organization on innovation

被引：16
|
作者：
Lin, Nan [1 ]
Li, Ao [2 ]
Ke, Jinjun [3 ]
Yuan, Jiayue [4 ]
Chen, Han [5 ]
机构：
[1] Fuzhou Univ Int Studies & Trade, Sch Finance & Accounting, Fuzhou, Peoples R China
[2] Zhongnan Univ Econ & Law, Sch Finance, Wuhan, Peoples R China
[3] Xiamen Univ, Sch Econ, Xiamen, Peoples R China
[4] Sun Yat Sen Univ, Sch Business, Guangzhou, Peoples R China
[5] Xiamen Natl Accounting Inst, Xiamen, Peoples R China
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2023年 / 84卷
基金：
中国国家自然科学基金;
关键词：
Corporate party organization; Innovation outputs; Governance role; State-owned enterprises; STIFLE INNOVATION; CHINA; INVESTMENT; GOVERNMENT;
D O I：
10.1016/j.iref.2022.10.014
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this paper, we provide evidence supporting the positive effect of corporate party organizations on Chinese state-owned enterprises' innovation outputs. To illustrate the underlying mechanisms, we verify the impact of corporate party organizations in reducing management myopia and over -invest in R&D activities, supporting the governance role of the corporate party committee. Further, the effect of corporate party organization is weakened when alternative governance mechanisms work. We adopt several methods to address endogeneity concerns and find our re-sults robust. Overall, this paper contributes to the mixed evidence on governance and innovation from the perspective of a unique arrangement, corporate party organizations.
引用
收藏
页码：657 / 670
页数：14
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