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Female Executives, R&D Intensity and Decision-Making Context
LUN Rui
School of Business Administration, Henan Province Regional Industrial Innovation and Development Soft Science Research Base, Henan University of Economics and Law, Zhengzhou 450046, China
Abstract To explore the R&D decision style and environmental dependence of female executives in Chinese listed companies, we construct a regulating effect model of favorable decision-making situation on the relationship between the proportion of female executives and corporate R&D intensity. We measure the favorable degree of the decision-making situation based on the technical capability basis and management experience. We find that the company’s technical capability foundation will positively regulate the relationship between the proportion of female executives and the intensity of R&D investment. Management experience helps to enhance the positive regulating effect of the technical ability foundation on the main effect, that is, the influence of the proportion of female executives on the R&D intensity. The positive change of situation can improve the level of risk taking of female executives, which indicates that female decision-makers can judge the situation and respond to opportunities. They hold a risk attitude that is robust but not rash. They are reliable rather than conservative. This study explores a new way to explain the risk attitudes of female executives from the perspective of their ability to interact with decision-making situations. The above conclusions will further enrich the contingency theory of leadership.
2020, Vol. 37 
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