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Can the degree of party membership among management enhance corporate innovation performance? The moderating role of technology finance

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  • Yang, Ranran
  • Tu, Yongqian
  • Shen, Yunqiao

Abstract

This paper conducts an empirical analysis using a longitudinal panel dataset of Chinese publicly listed corporations from 2007 to 2022 to examine whether the proportion of Communist Party members in corporate management enhances corporate innovation performance. The results show that a higher proportion of Party members in management significantly improves innovation performance. Furthermore, the level of technological finance plays a significant moderating role in this relationship. The influence of Party membership in management on innovation performance also varies across firm types—specifically, between state-owned enterprises (SOEs) and non- SOEs, profitable and loss-making firms, and high-tech versus non-high-tech enterprises.

Suggested Citation

  • Yang, Ranran & Tu, Yongqian & Shen, Yunqiao, 2025. "Can the degree of party membership among management enhance corporate innovation performance? The moderating role of technology finance," International Review of Economics & Finance, Elsevier, vol. 101(C).
    • Handle: RePEc:eee:reveco:v:101:y:2025:i:c:s1059056025003478
    DOI: 10.1016/j.iref.2025.104184
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