期刊论文

Can Vertical Interlocked Executives Improve the Efficiency of Intellectual Capital Value Creation?——An Empirical Analysis Based on Chinese A-share Agricultural Listed Companies

中文

财经理论与实践

1003-7217

2023

44

03

132-139

10.16339/j.cnki.hdxbcjb.2023.03.017

国家社会科学基金重点项目(20AJY012)；

本校为第一机构

基于智力资本理论，依据中国A股农业上市公司2008—2021年年度数据，考察纵向兼任高管对智力资本价值创造效率的影响。结果显示：纵向兼任高管与智力资本价值创造效率呈负相关，增加机构投资者持股可以改善这种负向效应；纵向兼任高管职位越高，对智力资本价值创造的抑制效应越明显；纵向兼任高管与智力资本技术创新专利产出呈负相关。鉴于此，农业上市公司应重视纵向兼任高管对智力资本价值创造效率的负面影响，可通过增加机构投资者持股来降低对它产生的不利影响，提升智力资本价值创造效率。

Based on the intellectual capital theory and the annual data of Chinese agricultural A-share listed companies from 2008 to 2021,this paper examines whether vertical interlocked executive positions can improve the value creation efficiency of intellectual capital.The res...MORE Based on the intellectual capital theory and the annual data of Chinese agricultural A-share listed companies from 2008 to 2021,this paper examines whether vertical interlocked executive positions can improve the value creation efficiency of intellectual capital.The results show that there is a negative correlation betwe...