Exploring the relationship between takeover market and enterprise innovation: The mediating role of internal governance
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Exploring the relationship between takeover market and enterprise innovation: The mediating role of internal governance
Popis výsledku v původním jazyce
This study explores the relationship between the takeover market and enterprise innovation. We also investigate the mediating role of internal governance (managers' 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's objectives. We find that the takeover market positively and significantly influences corporate innovation. It improves corporate innovation ability by increasing managers' compensation incentives. However, enterprise innovation ability decreases with an increase in managers' 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 & Knowledge.
Název v anglickém jazyce
Exploring the relationship between takeover market and enterprise innovation: The mediating role of internal governance
Popis výsledku anglicky
This study explores the relationship between the takeover market and enterprise innovation. We also investigate the mediating role of internal governance (managers' 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's objectives. We find that the takeover market positively and significantly influences corporate innovation. It improves corporate innovation ability by increasing managers' compensation incentives. However, enterprise innovation ability decreases with an increase in managers' 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 & Knowledge.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
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OECD FORD obor
50204 - Business and management
Návaznosti výsledku
Projekt
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Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2022
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
JOURNAL OF INNOVATION & KNOWLEDGE
ISSN
2530-7614
e-ISSN
2444-569X
Svazek periodika
7
Číslo periodika v rámci svazku
3
Stát vydavatele periodika
ES - Španělské království
Počet stran výsledku
11
Strana od-do
"Article Number: 100205"
Kód UT WoS článku
000808361200005
EID výsledku v databázi Scopus
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