Hosted by the Program on Chinese Cities （PCC）
12/14/2023 3:00 PM-4:00 PM
Presenter: Lu He
PhD Candidate, Harbin Institute of Technology
Supervisor: Prof. Minghui Jiang
Visiting student, University of North Carolina at Chapel Hill, Supervisor: Prof Yan Song
Abstract：
Social philanthropy and innovation systems both require significant resource investment, how can organizations achieve both? Our research combines social exchange theory, imprinting theory, and signaling theory to analyze the intrinsic dynamics mechanism from the perspective of government technology resource acquisition and to explore the influential role of generalist CEOs. Based on the hand-collected multidimensional career experience dataset of CEOs and the quantitative analysis of 3753 enterprises in China’s A-share listed manufacturing industry from 2010 to 2019, the results show that: philanthropic donation has a systematic contribution to corporate innovation investment, in which government science and technology (S&T) resource acquisition plays a partially mediating role; generalist CEOs significantly enhance the effect of philanthropic donations and government S&T resource acquisition on innovation investment. Finally, the statistical results remain stable in the lagged effects experiment and the lV-2SLS model analysis using exogenous variables.