Table 1 Variables
From: TMT social capital, network position and innovation: the nature of micro-macro links
Variable | Symbol | Name of variable | Definition of variable |
|---|---|---|---|
Dependent variable | INNOVATION | Innovation ability of the enterprise | Natural logarithm of the number of patents in the enterprise at year t + 2 |
Independent variable | OVERSEA_C | Executives’ overseas social capital | Total number of people in the executive team who have overseas working experience at year t |
Mediate variable | POWER | Power in network | The structural hole in the enterprise’s network at year t + 1 |
PRESTIGE | Prestige in network | The centrality of the enterprise’s network at year t + 1 | |
Moderate variable | BANK_C | Executives’ investment bank social capital | Total number of members in executive team who have investment bank working experience at year t |
Control variable | INNOVATION_I | Investment in innovation | Natural logarithm of the R&D investment at year t |
SCALE | Scale of the enterprise | Natural logarithm of the number of employees at year t | |
AGE | Age of the enterprise | Length of time from the founding year to the year t | |
SOE | Nature of actual controller | Dummy variable, the variable values 1 when the actual controller is state-owned enterprise, otherwise the variable values 0 | |
DUAL | Dual | Dummy variable, the variable values 1 when a person is both the chairman of the board and the general manager at year t, otherwise values 0 | |
BOARD | Board scale | Board scale of the enterprise at year t | |
IND | Industry | Dummy variable, set up to refer to 2001 SFC industry classification | |
YEAR | Year | The year that the datum was collected |