Research On The Influence Of Management Educated Youth Experience On Enterprise Innovation Input

Recent years,China attaches great importance to innovation driven development and constantly deepen reform and innovation,top-level innovation policy has been further improved and implemented.Enterprise innovation investment and innovation enthusiasm are also increasing,and research on the influencing factors of enterprise innovation investment is also emerging in an endless stream.At the same time,with the deepening of psychology,behavior and financial theory,more and more scholars focus on the impact of the heterogeneity of enterprise managers on business decision-making and economic benefits.They believe that the individual characteristics of executives will affect their risk preference and decision-making behavior,and then affect the business development of enterprises.Starting from the "educated youth experience",and using the method of literature research,this paper reviews and summarizes the relevant literature from three aspects: the influence of educated youth experience on individual characteristics,the influence of manager heterogeneity,and the influence factors of enterprise innovation investment.By using the method of hypothetical deductive reasoning,this paper establishes the logical relationship chain among the educated youth experience,individual behavior characteristics and enterprise innovation investment.Using empirical analysis method,this paper discusses the impact of managers’ educated youth experience on the company’s innovation investment.Based on the heterogeneity of R & D investment,this paper explores the different effects of educated youth experience on enterprise’s exploratory and exploitative innovation,and analyzes the differences of educated youth experience on enterprise’s innovation investment under different property rights.The conclusions are as follows:(1)There is a significant negative correlation between the proportion of educated young executives and innovation investment;(2)There are differences in the negative effects of managers with educated youth experience on exploratory innovation and exploitative innovation.The educated youth experience of senior executives has inhibitory effect on exploratory innovation,but has no effect on exploitative innovation.(3)The property right nature of state-owned enterprises will reduce the negative relationship between the experience of educated youth and enterprise innovation and exploratory innovation,but it has no effect on the relationship between the experience of educated youth and exploitative innovation.Based on the above conclusions,this paper puts forward some suggestions.First,improve the selection criteria of executives,pay more attention to early experience,and build a reasonable management structure.Secondly,investors broaden the analysis angle and content in decision-making,and comprehensively analyze the characteristics of enterprise managers.Finally,we should improve the enthusiasm and comprehensiveness of information disclosure of listed companies,improve the evaluation system of information disclosure,and strengthen the supervision of information disclosure.