海归高管与企业创新效率:助力还是阻力？

Returnee executives and corporate innovation efficiency: help or resistance?

摘要:

以2008-2017年A股上市公司为研究对象，用三阶段DEA模型从技术研发和转化两个阶段测度企业创新效率并分析其与高管海外经历的关系。结果表明：高管海外经历能提高企业创新效率，且不同学历层次和专业背景对企业创新效率影响具有明显差异。进一步研究了国有属性和风投注资视角下的影响差异，发现相较于非国有企业，具有海外经历的高管在国有企业任职更能发挥对技术创新的促进效应；在有风险投资进入时，具有经管专业背景的高管更能发挥自身优势，促进企业技术创新。

Abstract:

Taking A-share listed companies from 2008 to 2017 as research objects, uses a three-stage DEA model to measure the innovation efficiency of the company from the two stages of technology development and transformation, and analyzes its relationship with the overseas experience of executives. The results show that executives" overseas experience can improve corporate innovation efficiency, and different educational levels and professional backgrounds have different effects on corporate innovation efficiency. After further exploring the impact differences from the perspectives of state-owned enterprises and venture capital, it was found that executives with overseas experience in state-owned enterprises have significantly greater benefits in promoting technological innovation than non-state-owned enterprises; when venture capital enters, they have a background in economic management Of senior executives are better able to give play to their own advantages and promote technological innovation in enterprises.