Artificial intelligence orientation and breakthrough innovation in companies: the moderating roles of top management team educational diversity and CEO managerial discretion
Description
We focused on A-share listed companies from 2011 to 2022 as empirical samples in our exploration of the impact of AIO on breakthrough innovation. Our focus in this process was on how various companies use AI technologies rather than the invention of new AI tools . Therefore, by reference to the most up-to-date industry classification standards provided by the China Securities Regulatory Commission for listed enterprises in 2012, we excluded companies in the information transmission, software, and information technology services industry (Industry code I) from the main empirical analysis in this and subsequent sections. The data used for the control variables were sourced from the China Stock Market & Accounting Research (CSMAR) database.To ensure the validity of the data, the initial company samples were subjected to the following processing measures: (1) removal of companies with incomplete key information or missing data; (2) exclusion of companies bearing ST, ST*, or PT labels; and (3) to mitigate the effects of outliers, the study applied a 1% quantile tailing process to continuous variables. Following these steps, a total of 2696 companies comprising 20182 observations were ultimately included in this research.