企业管理系学术讲座系列：2024（6）

时间：2024年4月16日（周二） 14：00-16：00

地点：史带楼303室

题目：Local Drinking Culture, Government R&D Subsidies, and Firm Innovation

主讲人：张宇中欧国际工商学院战略学教授

主持人：卫田教授

摘要：

Prior studies accounting for innovation activities in emerging economies have centered on institutional, governance and resource explanations, but less explored is how local culture shapes the way firms obtain innovation resources and produce innovative outcomes. We hypothesize that local drinking culture, by influencing the granting of government subsidies on innovation and related firm incentives, may have given rise to lower efficiency in innovation in the context of China. We argue that the prevalence of a local drinking culture shapes politicians’ willingness to engage frequently and legitimately in informal networking occasions with firms, as well as creates a path dependency for firms to rely on informal networking for gaining access to the government, which lead to enhanced probability of government approval of R&D subsidies. Nonetheless, firms immersed in a heavier drinking culture produce more patents that are less innovative (i.e., falling into the category of the “utility” as opposed to “inventions”). As a result of being indulged in hedonism and short-term enjoyment. We further show how such effects of the drinking culture vary based on the legal development, firms’ political connection as well as technological capabilities. This study contributes to the innovation literature by providing a culture-based explanation. We also discuss the implications of the impact of culture on business activities and the substitution effect between formal institutions and culture.

简介：

张宇博士是中欧国际工商学院战略学教授，战略学及创业学系系主任。张教授从欧洲工商管理学院获得管理学博士学位。加入中欧之前，他担任加州大学欧文分校保罗梅拉吉商学院战略学助理教授。他的教学领域主要包括战略管理、产业和竞争分析、创新与竞争、企业转型与升级等。张教授的研究兴趣主要集中在战略与资本市场的互动。他的研究曾在国际顶级期刊Academy of Management Journal, Organization Science 和Strategic Management Journal上发表。他曾应邀在欧美和亚洲的知名商学院发表学术演讲，并在知名的业界会议如全美公司董事协会年会上发表主旨演讲。张宇教授曾获得中欧国际工商学院优秀研究奖，教学优秀奖，与“合之星”教授服务奖。他还曾获得加州大学欧文分校优秀教学奖，美国管理学会最佳专题讨论奖，以及战略管理学会最佳博士生论文奖。他关于如何运用公司治理结构减轻盈利压力对公司战略影响的研究于2013年荣获贝莱德/全美公司董事协会首届“全球公司治理创新研究挑战”冠军。