The impact of the trust between stockholder and manager on innovation performance

Abstract

Abstract: The relationship among trust of stockholder and manager, manager's risk-taking, information asymmetry degree, and innovation performance is studied by an empirical method. The study shows that the trust degree of stockholder and manager has a positive and direct impact on the innovation performance. At the same time, there is a significant association between the trust degree and the willingness for manager's risk-taking. The manager's risk-taking willingness affects innovation performance positively. The trust degree of stockholder and manager could also indirectly affect innovation performance through manager's risk-taking willingness. Empirical analysis indicates that the decrease of information asymmetry degree is able to obviously enhance the effect which the trust degree between stockholder and manager has on the innovation performance. The beneficial supplement to some of the existing theory is made and some reference for enterprises' practice is provided.

Key words: trust, innovation performance, risk-taking, information asymmetry

CLC Number:

F273.1

Yang Jianjun, Zhang Zhao, Mei Xiaofang. The impact of the trust between stockholder and manager on innovation performance[J]. Science Research Management, 2012, 33(3): 36-41,80.

References

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