What question did this study set out to answer?

The study aims to explore how managers' political ranks influence R&D investment decisions and the moderating factors involved.

CEO political ranks and R&D investment: evidence from China

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Examines how CEO political ranks affect R&D investment in firms, suggesting implications for innovation strategies.

The study aims to explore how managers' political ranks influence R&D investment decisions and the moderating factors involved.
Analyzed data from Chinese state-owned manufacturing firms listed on Shanghai and Shenzhen stock exchanges from 2009 to 2020
Employed multiple regression analysis to test hypotheses
Examined the impact of industry competition and regional institutional development on R&D investment
Lower-ranking managers pursue high-risk R&D for career advancement
Higher-ranking managers show risk aversion to maintain their positions
Stronger regional institutional development eases negative impacts of political rank on R&D
Shorter career horizons intensify negative effects of lower political rank on investment

Li et al. (2026) studied this question.

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