Exploring the relationship between takeover market and enterprise innovation: The mediating role of internal governance

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F22%3A50019307" target="_blank" >RIV/62690094:18450/22:50019307 - isvavai.cz</a>

Result on the web

<a href="https://www.sciencedirect.com/science/article/pii/S2444569X22000452?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S2444569X22000452?via%3Dihub</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jik.2022.100205" target="_blank" >10.1016/j.jik.2022.100205</a>

Result language

angličtina

Original language name

Exploring the relationship between takeover market and enterprise innovation: The mediating role of internal governance

Original language description

This study explores the relationship between the takeover market and enterprise innovation. We also investigate the mediating role of internal governance (managers&apos; compensation incentives, equity incentives, boards of directors, and large shareholders) on the relationship between the takeover market and enterprise innovation. We use comprehensive panel data of 1307 firms listed on the Shenzhen and Shanghai stock exchanges for 2006-2016 to meet the study&apos;s objectives. We find that the takeover market positively and significantly influences corporate innovation. It improves corporate innovation ability by increasing managers&apos; compensation incentives. However, enterprise innovation ability decreases with an increase in managers&apos; equity incentives, large shareholders, and the board of directors. Finally, this study recommends useful policy implications to increase enterprise innovation in the Chinese financial market. (c) 2022 The Authors. Published by Elsevier Espana, S.L.U. on behalf of Journal of Innovation &amp; Knowledge.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2022

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

JOURNAL OF INNOVATION &amp; KNOWLEDGE

ISSN

2530-7614

e-ISSN

2444-569X

Volume of the periodical

7

Issue of the periodical within the volume

3

Country of publishing house

ES - SPAIN

Number of pages

11

Pages from-to

"Article Number: 100205"

UT code for WoS article

000808361200005

EID of the result in the Scopus database

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