| With the increase of competition intensity and the acceleration of technological change,innovation has become the key to determine the success or failure of enterprise competition as the engine and important driving force of economic development.Innovative knowledge and resources are basic elements for enterprises to improve innovation,and how to acquire effective knowledge and resources is important to enterprises.As the strategic entry point of open innovation,the degree of innovation openness is directly related to the quality of innovation results.It is particularly important to choose a moderate degree of openness for enterprise innovation.The importance of senior management team members especially the CEO has become increasingly prominent with the development of the market economy.As the decision-maker and implementer of enterprise strategy,CEO is responsible for constantly adjusting the organizational strategic behavior according to the change of market environment and the development of enterprise.The characteristics of CEO have an impact on strategic decisions and improvement of enterprises.Based on the current situation of High-tech SMEs and upper echelons theory,Principal-agent theory,open innovation theory,this study is based on manufacturing industry panel data of 146 High-tech SMEs,to build an empirical model and discuss the impact of CEO's background characteristics(educational background,technical background,political background,overseas background)on enterprises innovation openness,the mediating effect of R&D investment and the moderating effect of CEO's duality.The empirical result shows that:CEO's technical background has a positive effect on innovation openness,CEO's political background has a negative effect on innovation openness;CEO's educational and technical background have a positive impact on R&D investment,CEO's political background have a negative impact on R&D investment.R&D investment plays a full mediated role in relationship between CEO's educational background and innovation openness,plays a part of an mediated role in relationship between CEO's technical background,political background and innovation openness;CEO's duality positively moderates the influence of CEO's educational background,technical background and political background on R&D investment.The greater the CEO's duality,the stronger the positive correlation between CEO's educational background,technical background and R&D investment,and the stronger the negative correlation between political background and R&Dinvestment.This study is of guiding significance for the identification and cultivation of professional managers in high-tech SMEs,and has important theoretical value and practical significance for making strategic decisions such as R&D investment and innovation openness of enterprises. |
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