Differences in the Values of the Senior Management Team, Antirisk Ability, and Innovation Performance by the Data-Driven Approach: Evidence from 841 Listed Companies in China

Table 7

Tests on the moderating effects of the differences in senior Management’s values against risks and innovation performance.

Variable name	Full sample		Low degree of difference		High degree of difference
	(1)	(2)	(3)	(4)	(5)	(6)
Antirisk ability	.002	.005	.055	.026	−.065	.072
Antirisk ability × differences in values of the senior management team	.052	.049	.120	.146	.118	.104
Differences in the values of the senior management team	.001	.003	.144	.098	−.058	.044
Enterprise size	−.014	.024	.001	.023	−.021	.026
Assets and liabilities	.001	−.017	−.006	.009	.004	−.025
Business performance	−.019	.013	−.032	.022	−.013	.010
Board size	.004	−.010	.015	−.007	−.002	−.012
Board independence	.002	−.005	−.011	.035	.008	−.017
Year fixed	NO	YES	NO	YES	NO	YES
Industry fixed	NO	YES	NO	YES	NO	YES
N	5916	5916	1626	1626	4290	4290
R^2	0.0300	0.0410	0.0331	0.0460	0.0390	0.0501