Do CEO's early-life marketization experiences affect the innovation behavior of SMEs?

Xiaohui Hou, Bo Wang, Jiale Lian and Kong-lin Ke

Journal of Asian Economics, 2021, vol. 75, issue C

Abstract: We investigate the relationship between chief executive officers’ (CEOs) early-life exposure to marketization transition and the research and development (R&D) intensity of Chinese small and medium-sized enterprises (SMEs). We find that there is a significant positive relationship between the early-life transition experiences of CEOs and the R&D intensity of SMEs. CEOs who have experienced higher stages of marketization transition are significantly more likely to engage in proactive innovation activities. The means of the potential R&D intensity distributions are increasing in the treatment level, although this increasing trend is not always significant. Overall, the results confirm the view that experiencing a transition in early-life significantly facilitates CEOs’ engagement in innovation activities.

Keywords: Marketization transition; CEOs’ early-life experiences; Small and medium-sized enterprises; R&D intensity (search for similar items in EconPapers)
JEL-codes: L20 O31 P20 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:75:y:2021:i:c:s1049007821000683

DOI: 10.1016/j.asieco.2021.101339

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