Impact Mechanisms of Female Executives and Bank Loans on Technology Innovation: Evidence from Computer Enterprises

Abstract

The paper investigates the forming mechanisms of R&D investment in the background of the Computer Enterprises in China from the perspectives of female executives, bank loans and the interaction between the two. The results of Multiple Linear Regression Model Based on OLS and rich robustness tests show that, for Computer Enterprises, female executives hold a strong negative attitude toward R&D activities, bank loans intensity does harm to the R&D investment, while the interaction between female executives and bank loans enhances R&D investment. Further empirical analysis reveals that, for Computer Enterprises, both female directors and female supervisors have a weaker negative effect on R&D investment, female executives still have negative effects on R&D performance.