School of Economics and Management, Fuzhou University, Fuzhou, Fujian, China.
School of Management, Zhaotong University, Zhaotong, Yunnan, China.
PLoS One. 2024 May 21;19(5):e0302148. doi: 10.1371/journal.pone.0302148. eCollection 2024.
This paper extracts culture element of long-term orientation from Chinese listed firm's annual report, then argue and testify whether long-term orientation can help firms to hang on risky decision especially as innovation, when firms are under performance pressure. There are three main conclusions. First, we report that the higher degree of long-term oriented culture a firm has, the stronger innovation capability the firm shows. Second, we find that long-term oriented culture can improve employee's educational qualification to promote corporate innovation, as well as improve the corporate internal control to promote innovation. Third, when firms are subjected to internal or external performance pressure in their business process, higher long-term oriented culture will make firms more innovative.
本文从中国上市公司年报中提取了长期导向的文化要素，然后论证和检验了长期导向是否能帮助企业在面临风险决策（尤其是创新）时坚持下去，特别是当企业面临业绩压力时。主要有三个结论。首先，我们报告称，企业的长期导向文化程度越高，企业表现出的创新能力就越强。其次，我们发现，长期导向的文化可以提高员工的教育水平，促进企业创新，也可以改善企业内部控制，促进创新。第三，当企业在其业务过程中受到内部或外部的业绩压力时，较高的长期导向文化将使企业更具创新性。
