Research On The Relationship Of Executive Team CEO Power And Enterprise Innovation Performance

The GEM is an important platform to promote the national independent innovation development strategy.The high-tech enterprises listed on the GEM have high R&D costs and R&D risks.At the same time,these types of enterprises have grown rapidly and have been highly valued by governments at all levels.The policy supports rapid development but also exposes the problems of fierce external competition,imperfect supervision mechanism,lack of experience of internal management personnel,and high liquidity.Therefore,improving the governance mechanism from the inside is the first task to help the stable development of high-tech enterprises.As the strategic decision center of an enterprise,the senior management team plays an important role in strategic grasp,resource optimization,and innovation performance.The CEO power directly determines the CEO's influence in the executive team.This article is based on high-level echelon theory,social identity theory,information decision theory and modern housekeeper theory,combined with the CEO's perceived response in the strategic decision-making of the executive team,through introducing the moderating variable of CEO power,discussion of the heterogeneity of the executive team The relationship between CEO power and corporate innovation performance provides a reference for GEM high-tech enterprises to build a reasonable and healthy executive team.The discussion is mainly conducted through two aspects.First,the relationship between the heterogeneity of executive team and corporate innovation performance.Second,the four dimensions of CEO organization power,expert power,ownership and reputation right Moderating effect of enterprise innovation performance.This paper selects the relevant data of high-tech enterprises listed on the GEM from2013 to 2017 and selects 510 observations as research samples.It obtains the required data from the CSMAR and Wind databases,collates the data through Excel,and analyzes the data by Stata software to make assumptions.authenticating.The empirical results show that: the greater the heterogeneity of the physiological characteristics of the executive team,the smaller the enterprise's innovation performance.The task heterogeneity is significantly positively correlated with the enterprise's innovation performance.The CEO's expert power and reputation power both play a regulatory role,that is,negatively regulate the physiological The relationship between feature heterogeneity and enterprise innovation performance is positively promoting the role of task heterogeneity and enterprise innovation performance.Through research conclusions,this article recommends narrowingthe age and gender gaps of senior management team members,forming senior executive talent echelons with different tenures,education levels,and functional backgrounds,focusing on the improvement of CEO personal professional skills and the development of external resources,and making full use of CEO Informal power in order to provide assistance for the internal governance of high-tech enterprises.