Business School, Northeast Normal University, Changchun, China.
School of Management, Jilin University, Changchun, China.
PLoS One. 2024 Jun 7;19(6):e0305144. doi: 10.1371/journal.pone.0305144. eCollection 2024.
This study investigates the effect of foreign executives on firms' innovation performance and the mediation role of digital transformation in Chinese-listed firms from 2011 to 2021. Our findings indicate that the presence of foreign executives in top management teams promotes firms' innovation performance by enhancing digital transformation. Further analyses show that foreign executives contribute significantly to improving firms' radical innovation performance rather than incremental innovation performance. We also examine the moderating effect of negative performance feedback and financing constraints between foreign executives and innovation performance, finding that foreign executives can promote innovation performance particularly in firms with negative performance feedback and weak financing constraints.
本研究考察了 2011 年至 2021 年期间，外方高管对中国上市企业创新绩效的影响，以及数字转型在其中的中介作用。研究结果表明，外方高管在高层管理团队中的存在通过促进数字转型，从而提升企业的创新绩效。进一步的分析表明，外方高管对企业激进创新绩效的提升作用显著大于其对企业渐进创新绩效的提升作用。我们还检验了负向绩效反馈和融资约束在外方高管与创新绩效之间的调节作用，发现外方高管在负向绩效反馈和融资约束较弱的企业中，更能促进创新绩效的提升。
