Does the Perception Level of Executives Affect the Innovation Capability of Firms?-An Empirical Study Based on Chinese Listed Companies

With the continuous advancement of economic globalization, acquiring key technologies and improving innovation capabilities have become the key breakthrough direction for listed enterprises in China and globally. An enterprise's innovation capability is an important guarantee for it to establish its core competitiveness, maintain its international competitive advantage and seize the international competitive position. Based on the statistical data of 2,626 listed companies in China from 2015 to 2019, this paper empirically examines the impact of the cognitive level of executives on the innovation capability of enterprises. The results show that the cognitive level of executives is significantly and positively correlated with corporate innovation capability, i.e. the increase in the cognitive level of executives helps to promote the implementation of corporate innovation strategies. This paper enriches the research on the relationship between executives and corporate innovation capability, and has important guiding significance for the formation of corporate executive teams