Executive team's digital background, financial flexibility and corporate innovation: Evidence from China

Wei Wei, Liyan Zhang and Jing Zhang

Finance Research Letters, 2024, vol. 68, issue C

Abstract: Taking China's Shenzhen and Shanghai A-share non-financial listed companies as a research sample from 2018 to 2022, this study explores the relationship between executive team's digital background and corporate innovation. The empirical study shows that executive team's digital background can significantly promote corporate innovation. Financial flexibility plays a mediating role in the relationship between executive team's digital background and corporate innovation. In non-state-owned firms with longer executive tenure, executive team's digital background has a more significant effect on corporate innovation. This study provides theoretical support and practical guidance for strengthening corporate innovation.

Keywords: Executive team; Digital background; Financial flexibility; Corporate innovation (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:68:y:2024:i:c:s1544612324010377

DOI: 10.1016/j.frl.2024.106007

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