Technical Executives, Executive Shareholding and Innovation Performance

摘要

Innovation is a primary driving force for development and a strong guarantee for sustainable competition of corporations. Taking listed companies in China's information technology and software service industry from 2008 to 2018 as a sample, this paper aims to examine the influence of technical executives on the innovation performance of companies and to test the moderating role of executive shareholding. We collect data through the combination of database and manual collection. The empirical results are as follows: 1. Technical executives have simultaneously improved the quantity and quality of corporate innovation output. 2．Executive shareholding weakens the influence of technology executives on the quantity and quality of innovation output. On this basis, we propose policy recommendations about making more efforts to introduce and train executives with technical background, and strengthening the supervision and management of the equity motivating. This paper enriches relevant research on managers' characteristics and innovation performance and provides certain policy guidance programs for relevant decision makers.