Author(s)

Chunmin He, Zhiyu An

Corresponding Author

Chunmin He

ABSTRACT

Innovation as a necessary condition to keep the vitality and improve the competitiveness of enterprises has been widely concerned. How to improve the innovation ability of enterprises has become the research focus under the realistic background of more small and medium-sized enterprises in China. Based on the upper echelons theory, this paper studies the impact of R&D background executives on innovation investment and its path from 2008 to 2019 in Shanghai and Shenzhen a-share listed companies. It is found that the more R&D background executives, the more innovation investment, and this effect is achieved by easing the financing constraints. The conclusions of this paper expand the related research of enterprise innovation input in theory, and provide a new idea for enhancing enterprise innovation input and improving competitiveness.

KEYWORDS

Innovation Input, R&D Executives, Financing Constraints, Information Transparency