Managerial inclusiveness and corporate innovation in China

Abstract

This study explores how managerial inclusiveness affects corporate innovation. Using an annual dataset of A‐share Chinese listed companies from 2008 to 2021, we find that managerial inclusiveness is positively related to corporate innovation. Market competition and team heterogeneity positively moderate the relationship between managerial inclusiveness and innovation. In addition, managerial inclusiveness in state‐owned enterprises plays a more significant role in promoting corporate innovation than it does in non‐state‐owned enterprises. By investigating the mechanism of influence, we found that inclusive managers can promote corporate innovation by relaxing internal controls and increasing corporate risk‐taking.

Can Civilized City Construction Promote Enterprise Green Innovation?

“…Financial oversight, a pivotal aspect of internal control, ensures the sound financial management and supervision of green innovation projects, including cost control, budget management, and accurate financial reporting. Furthermore, a sound internal control system contributes to ensuring that enterprises comply with relevant environmental regulations and standards during green innovation, thereby strengthening their corporate social responsibility image [81,82]. Establishing training and incentive programs through internal control mechanisms can also enhance employee engagement in green innovation, fostering a corporate culture supportive of environmentally sustainable practices.…”