Population aging and corporate innovation: evidence from China

被引：14
|
作者：
Zhang, Bo [1 ]
Zhou, Ruixue [1 ]
Yang, Limei [1 ]
Zhang, Ximeng [1 ]
机构：
[1] Renmin Univ China, Accounting Dept, Sch Business, 59 Zhongguancun Ave, Beijing 100872, Peoples R China
来源：
ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS | 2023年 / 30卷 / 04期
关键词：
Population aging; corporate innovation; HEALTH-CARE; LIFE-CYCLE; INVESTMENT; COSTS; PRODUCTIVITY; PERFORMANCE; INCENTIVES; OWNERSHIP; ENHANCE; MATTER;
D O I：
10.1080/16081625.2022.2047741
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using a sample of Chinese listed firms from 2007 to 2017, this study documents that corporate innovation is negatively associated with population aging, indicating that the aging workforce impedes corporate innovation. We further find evidence suggesting that education and stock-based incentive plans are two ways to alleviate the negative impact of population aging on corporate innovation. Our study complements existing research investigating the determinants of corporate innovation and extends the literature examining the economic consequences of population aging. This study also sheds light on the critical role of non-executive employees on corporate innovation.
引用
收藏
页码：986 / 1007
页数：22
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