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本文以企业研发投入为视角,采用“特征-行为-经济后果”的范式,研究高管权力对企业绩效影响的途径,而不是简单地对高管权力影响企业绩效的结果进行研究。研究发现公司高管权力对企业研发投入与绩效均有着正向促进作用,企业优化自身的高管权力水平能有效地提高研发投入绩效。而且,高管权力的四部分对研发投入和企业绩效的不同程度作用,即组织权力、专家权力、所有制权力和声誉权力。此外,基于我国的所有制的制度背景,将国有制公司与非国有制公司分类做研究。
This paper uses the paradigm of R & D as a perspective and adopts a paradigm of “characteristic-behavior-economic consequence” to study the ways in which executive power affects corporate performance instead of simply studying the consequences of executive power on firm performance. The research found that the executive power of the company has a positive role in promoting the R & D investment and performance of enterprises, and optimizing the level of their executive power can effectively improve the R & D investment performance. Moreover, the four components of executive power have different degrees of impact on R & D investment and business performance, namely organizational power, expert power, ownership power and reputation power. In addition, based on the institutional background of our country’s ownership system, state-owned companies and non-state-owned companies are classified as research.