Research on the Mechanism of Entrepreneurs’ Age in Enterprises’ Innovation Ecosystem: A Grouping Regression Verification Based on Gender

DOI

10.2991/978-94-6463-056-5_14How to use a DOI?

Keywords

entrepreneurs’ age; mid-life crisis; R&D investment; gender dividend

Abstract

The construction of the innovation ecosystem plays an important role in the technology research and development activities of innovation-oriented enterprises. How to effectively promote the perfection of enterprise innovation ecology determines the quality of engineering technology activities of innovation-oriented enterprises. Entrepreneurs play a key role in enterprise innovation ecological construction, especially in resource allocation. Therefore, based on the Upper Echelon Theory, this paper investigates the “age” effect of enterprise innovation ecological construction under the influence of top managers and its economic consequences under the adjustment of various heterogeneous factors. Based on this, this paper selects the data of GEM listed companies from 2009 to 2017 as samples, uses STATA14.0 for an empirical test, constructs an OLS model with quadratic terms, and uses multiple grouping variables for a grouping regression test. The main results show that there is an inverted U-shaped relationship between the entrepreneurs’ age and R&D investment, that is, due to the influence of entrepreneurs, there is a midlife crisis in R&D investment behaviors of enterprises; the test of gender grouping shows that female entrepreneurs alleviate this crisis. The conclusion of this paper reveals the influence of entrepreneur’s age on enterprise innovation activities, and puts forward the important role that female managers may play in R&D activities, which provides managers with references for improving the technical level and engineering quality of innovation-oriented enterprises.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ruizhi Liu
AU  - Xiangzeng Kou
AU  - Yixian Qiu
PY  - 2022
DA  - 2022/12/29
TI  - Research on the Mechanism of Entrepreneurs’ Age in Enterprises’ Innovation Ecosystem: A Grouping Regression Verification Based on Gender
BT  - Proceedings of the 2022 2nd International Conference on Management Science and Software Engineering (ICMSSE 2022)
PB  - Atlantis Press
SP  - 96
EP  - 107
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-056-5_14
DO  - 10.2991/978-94-6463-056-5_14
ID  - Liu2022
ER  -