Cross-border Mobility: Research on the Influence of Executives’ Changeable Career Paths on Enterprise Innovation Investment

Abstract

Abstract: Cross-border mobility promotes the diversity of senior executives’ career paths, which helps to enhance their personal characteristics and professional competence, and achieve their personal goals and career success. However, the impact of executive changeable career paths on organizational innovation investment is still unclear. Taking Chinese A-share listed companies from 2007 to 2020 as samples, this paper distinguishes executive changeable career paths into changeable-challenging type and changeable-stable type according to the manual data of executives’ cross-border career track, and investigates the impact of executive changeable career paths on innovation investment. The results show that, compared with the single-minded career path, the executive changeable career paths is more conducive to enterprise innovation investment, and both executives’ changeable-challenging career path and changeable-stable career path have a positive relationship with enterprise innovation investment. Seen from the viewpoint of ownership, state-ownship attribute weakens the promoting effect of executive changeable career paths, especially changeable-challenging career path, on innovation investment. Further research shows that risk-taking spirit and entrepreneurship play a mediating role in the relationship between senior executives’ changeable career paths and enterprise innovation investment. The above research conclusions provide new evidence for the impact of executives’ diversified career paths on enterprise innovation investment, and also provide micro-empirical evidence for guiding enterprises to cultivate innovative entrepreneurs and their innovative characteristics.

Key words: enterprise innovation investment, executive changeable career paths, changeable-challenging career path, changeable-stable career path

Wang Xiaoyan, Jin Yuhang, Zhang Lu, Guo Jianluan. Cross-border Mobility: Research on the Influence of Executives’ Changeable Career Paths on Enterprise Innovation Investment[J]. Management Review, 2023, 35(10): 146-162.

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