The Impact of Top Management Team Technical Background on Corporate Innovation: Evidence from China

Main Article Content

Xinyue Sun
Business School, Harbin Institute of Technology, Harbin, 150090, China

DOI: https://doi.org/10.70267/icrafm.202617129142

Keywords

top management team (TMT), technical background, corporate innovation, R&D investment, financing constraints

Abstract

How to stimulate corporate innovation through the optimization of corporate governance structures has become an important issue for both academia and practice. Based on the Upper Echelons Theory, this article takes the Shanghai-Shenzhen A-share listed companies in China from 2012 to 2023 as a research sample, and uses a two-way fixed effect model to explore the impact of the technical background of top management teams on the level of corporate innovation of enterprises. The research results show that the technical background of the top management team of the enterprise can improve the level of corporate innovation of the enterprise; Mechanism analysis indicates that the technical background of the top management team promotes corporate innovation by increasing enterprise R&D investment and easing financing constraints; Heterogeneity analysis shows that the positive effect of the technical background of top management teams on innovation is more significant in large-scale, high-digital and non-state-owned enterprises. This article provides a new theoretical perspective on how enterprises can solve the innovation dilemma through executive characteristics.

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Published
Oct 19, 2026
Conference Proceedings Volume
Vol. 17 (2026): Proceedings of the International Conference on Research in Accounting, Finance and Management (ICRAFM 2026)
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How to Cite

Sun, Xinyue. “The Impact of Top Management Team Technical Background on Corporate Innovation: Evidence from China”. Exploring Science Academic Conference Series, vol. 17, Oct. 2026, pp. 129-42, https://doi.org/10.70267/icrafm.202617129142.