Managerial Ability, Managerial Risk Taking and Innovation Performance

This study examined the influence of managerial ability on corporate innovation performance. Our findings suggest that higher levels of managerial ability significantly enhance an enterprise's innovation performance, while managerial risk taking has the potential to not only inhibit the advancement of innovation performance, but also obscure the positive effects of managers. Further analysis reveals that excessive compensation can undermine management capacity during company operations, ultimately resulting in a dampening effect on corporate innovation performance. Moreover, excessive equity incentives fail to effectively stimulate corporate innovation and instead exacerbate managerial risk taking, ultimately exerting a negative impact on innovation performance