CEO权力作用下的人工智能对企业研发投入的影响机制

Mechanisms of the impact of AI on firms’ R&D investment under the role of CEO power

摘要:

人工智能是加强企业研发投入从而驱动创新的重要动力，而管理者权力与企业研发投入决策息息相关。本文将首席执行官（CEO）权力划分为组织权力、所有者权力、声望权力和专家权力4个维度，并将其作为调节变量构建实证研究模型，探讨人工智能对研发投入的影响，以及CEO权力在此过程中的调节作用。另外，基于企业行业、所在地区进行异质性检验，并采用双重差分法（DID）分析政策文件对企业创新作用的因果分析关系。结果表明：人工智能与研发投入存在显著的正相关关系；CEO组织权力和CEO所有者权力对人工智能与研发投入的关系有正向调节作用；CEO声望权力和CEO专家权力对人工智能与研发投入的关系不具有调节作用。根据实证结果，提出企业应减少董事会对CEO关于组织调整的决策干涉，同时鼓励员工积极配合CEO的合理决策。

Abstract:

Artificial intelligence (AI) is an important driving force to strengthen firm R&D investment and thus drive innovation, while managerial power is closely related to firm R&D investment decisions in the business management. However, existing research on how chief executive officer (CEO) power affects the role of AI is not yet clear, which is not conducive to revealing the mechanism of AI’s role in firm R&D investment in depth. This paper divides CEO power into four dimensions: organizational power, owner power, prestige power and expert power, and constructs an empirical research model with them as moderating variables to explore the impact of AI on R&D investment and the moderating role of CEO power in the process. In addition, the heterogeneity test is conducted based on the firm industry and location, and double difference method (DID) is used to analyze the causal analysis relationship of the role of policy documents on firm innovation. The A-share manufacturing listed firms in Shanghai and Shenzhen are selected as the research samples. The results show that there is a significant positive relationship between AI and R&D investment; CEO organizational power and CEO owner power have a positive moderating effect on the relationship between AI and R&D investment; CEO prestige power and CEO expert power do not have a moderating effect on the relationship between AI and R&D investment. Based on the empirical results, it is proposed that firms should reduce the interference of the board of directors in the CEO’s decision-making regarding organizational adjustments, and at the same time encourage employees to actively cooperate with the CEO’s reasonable decisions.