Does the Academic Experience of CEOs Affect Corporate High-Quality Development?

Jing Zhao

SAGE Open, 2025, vol. 15, issue 2, 21582440251335437

Abstract: Based on imprinting theories, we explored how CEOs’ academic experience impacts corporate high-quality development. Using data from Chinese listed companies between 2010 and 2019 and the least squares method, we discovered that CEOs’ academic experience increased corporate high-quality development by increasing corporate value creation and sharing. According to discretionary managerial theory, we further explored the boundaries of CEOs’ academic experience that affects corporate high-quality development. CEOs’ academic experience in corporate high-quality development is more significant when CEOs have power within the enterprise and when the product market is competitive and market-oriented. The results held when Heckman’s, the double-difference method, and the placebo test were used to address the endogeneity problem. Our findings contribute to the literature on the imprinting theory and corporate high-quality development and provide a basis for deciding how governments can promote corporate high-quality development from a corporate micro-decision perspective.

Keywords: CEOs’ academic experience; corporate high-quality development; management discretion; value creation; value sharing (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:sae:sagope:v:15:y:2025:i:2:p:21582440251335437

DOI: 10.1177/21582440251335437

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