Party Organization Participation in Governance, Executive On-the-job Spending, and Corporate Innovation Performance

Yuxue Yuan

doi:10.54097/hbem.v9i.9339

Authors

Yuxue Yuan

DOI:

https://doi.org/10.54097/hbem.v9i.9339

Keywords:

Party Organization Participation in Governance; On-the-job Consumption; Innovation Performance.

Abstract

The organic embedding of party organizations in the corporate governance system through two-way entry and cross-appointment is where the institutional strength of Chinese enterprises lies and is a crucial element of corporate governance modernization. To clarify the specific impact of party organization participation in governance on the transformation of technological achievements, the article examines the impact of party organization participation in governance on the innovation level of enterprises and its mechanism of action based on the data of A-share listed companies in China from 2013 to 2021. This study found that: (1) the decision-making of managers with the attributes of "economic man" and "political man" has a positive effect on corporate innovation; (2) the on-the-job consumption of executives inhibits the driving effect of party organization participation in governance on innovation; (3) the effect of party organization participation in governance on innovation level is more evident in low media attention and non-high-tech enterprises. The findings enrich the study of party organization participation in governance and provide a theoretical basis and empirical reference for the transformation of enterprises to achieve high-quality development.

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