THE INFLUENCE OF MANAGERS’ SELF-INTERESTED BEHAVIOR ON ENTERPRISE INNOVATION PERFORMANCE—THE MODERATING EFFECT OF INTERNAL CONTROL QUALITY
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Abstract
In order to explore the impact of managers’ self-interested behavior on corporate innovation performance and the moderating effect of internal control quality on the relationship between them, this study examined 2,251 companies in Shanghai and Shenzhen that were A-share listed companies from 2012 to 2020, with a total of 9,449 valid observations obtained as the panel data for this empirical research. The research results show that there is a significant negative correlation between managers’ self-interested behavior and corporate innovation performance, and the quality of internal control plays a moderating role between managers’ self-interested behavior and innovation performance. This study constructs the overall research framework of managers’ self-interested behavior and enterprise innovation performance, proposes and verifies the moderating effect of internal control quality, and expands the research into corporate governance and other fields.
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