經理人前後任職企業的研發費用關聯性

Abstract

本文蒐集 1992 年至 2020 年北美地區經理人更換就任企業樣本，探討經理人先前任職企業與新任職企業研發投資之關聯，測試經理人先前任職企業特質是否影響新任職企業研發意願；本文亦探究企業研發投入與企業招募經理人之關聯，連結研發投入與企業文化、人事招聘決策、經理人就任工作意願。本文實證結果 顯示，經理人前後任職企業的研發費用存在正向關聯，以及高研發投資的企業，更傾向聘任在先前就任企業擁有高研發投資紀錄之經理人。

This paper examines the relationship between the research and development (R&D) expenditure of previous employer of a manager and that of his subsequent employer using a sample of managerial transitions in North American firms from 1992 to 2020. The study conjectures that the inherent corporate characteristics and perhaps traits of the manager influence the subsequent firm's willingness to invest in R&D. Moreover, the research explores the association between a firm's R&D investment and its recruitment of managers, linking R&D investment with corporate culture to test whether corporate culture with respect to R&D affects managerial recruitment decision and manager’s willingness to assume the leadership role in a firm.

The empirical findings of this study reveal a positive correlation between the R&D expenses of a manager’s previous and that of the current employing firms. Furthermore, it indicates that a firm with a strong propensity for R&D investment is more likely to recruit a manager with a history of high R&D investment in his previous employment.