| Do military CEOs foster corporate innovation? Evidence from China |
Received:October 16, 2017 Revised:October 16, 2017 |
Key Words: Military CEOs, Corporate innovation, state logic, market logic, China |
| Author Name | Affiliation | | Dayuan Li | Central South University | | Yini Zhao* | Central South University |
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Abstract: |
| Combining upper echelon approach and institutional theory, this research investigates whether and how CEOs’ military experience influences corporate innovation. Using a data set of China’s A-share listed firms from 2004-2015, we hypothesize and find that firms with military CEOs perform better in innovation, and this effect is strengthened by state ownership (state logic) and market development (market logic). Moreover, the interdependent moderating effect of these two institutional logics is more likely to be synergistic rather than antagonistic. As such, this research provides novel theoretical and empirical insights into upper echelon theory, innovation literature and institutional theory. |
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