Research On The Impact Of R&D Investment Leap And TMT Professional Heterogeneity On Organizational Failure

Innovation is the driving force behind technology and economic development,and it is becoming more and more important in today's dynamic environment.R&D is an important way for enterprises to gain competitive advantage and is an indispensable factor in the innovation process,and it is also an important guarantee for enterprises to maintain long-term development.In the market,although many companies are very focused on R&D investment,they still fail in the transformation.The reason for this is that people are immersed in meditation.Why are some powerful companies not successful in innovation? What are the changes in R&D investment and the professional heterogeneity of the executive team on organizational failure? Does the professional heterogeneity of the executive team have an impact on this relationship? If there is an impact,how does the professional heterogeneity of the executive team affect this relationship? Based on the above problems,this paper conducts research to explore the mechanism of the impact of R&D investment changes and the professional heterogeneity of executive teams on organizational failure.Based on the existing research results of domestic and foreign scholars,this paper explores the impact of R&D investment leap and top management team's professional heterogeneity on organizational failure.This paper selects the data of 209 electronic and pharmaceutical manufacturing listed companies in China,and empirically tests it.The relationship between R&D investment leap,executive team heterogeneity and organizational failure,and the regulatory role of executive team heterogeneity on this“relationship”.After analysis,the paper draws the following conclusions:(1)The research results in this paper show that both positive and negative development of R&D investment have a positive impact on organizational failure,and the large leap in R&D investment means that the company has undergone dramatic changes.The resistance to time conversion is greater,the risk is greater,and the probability of organizational failure will also increase.Especially when the R&D investment leaps too much,the risk of conversion risk may far exceed the benefits of duality.(2)The professional heterogeneity of the top management team has a negative impact on organizational failure.The stronger the professional heterogeneity of the top management team,the lower the failure rate of the enterprise and the longer-term development of the enterprise.The professional heterogeneity of the executive team does not have a regulatory effect on the relationship between R&D investment leaps and organizational failure.The innovation of this paper is mainly reflected in the following two aspects:(1)Based on the high-level echelon theory,the professional heterogeneity of the top management team is introduced,and the role of the professional heterogeneity of the top management team in organizational failure is discussed,and the organization can be better analyzed.The formation mechanism and process of failure,enriching the existing research,provides a new perspective for the research in this field,and provides a certain guidance and reference for enterprises to adjust the structure of top management team and optimize the allocation of enterprise resources.(2)The current research on R&D investment jump and organizational failure is a new field,and there is only one research based on American industrial enterprise data.Whether the R&D investment leap of Chinese companies will have the same impact on organizational failure.Therefore,based on empirical evidence from Chinese data,this study explores the impact of R&D investment leaps on organizational failures and enriches research in this area.