子公司董事的集团身份、股权激励对技术创新的影响——基于子公司董事会的作用

发布时间：2018-03-04 12:17

本文选题：集团管理　切入点：子公司董事会　出处：《浙江工商大学学报》2017年05期 　论文类型：期刊论文

【摘要】：针对子公司董事会设置是否仅为满足法律要求的争论,以在集团总部任职并担任子公司的董事比例、股权激励衡量子公司董事会对技术创新的影响。利用上市公司数据,研究发现:董事的集团身份有利于子公司技术创新;董事会成员持股与创新绩效呈倒U型关系;持有股权董事与在集团总部任职的董事相互补充,协同提高了子公司的创新竞争能力。进一步分析发现,子公司董事会是通过研发投入的中介效用对技术创新产生影响,其中在集团总部任职的董事通过提高研发投入促进了创新绩效,股权激励通过倒U型影响研发投入影响公司技术创新能力。研究结果证实了子公司董事会对创新的作用,为集团公司进行子公司董事会建设提供了建议,有助于后续子公司董事会的研究。
[Abstract]:Over whether the board of directors of a subsidiary is set up solely to meet the legal requirements, to serve as a director in the headquarters of the group and to serve as the proportion of the directors of the subsidiary, equity incentives measure the impact of the board of directors of the subsidiary on technological innovation. It is found that the group status of directors is conducive to technological innovation of subsidiary companies, the relationship between board members' shareholding and innovation performance is inverted U-shaped, and the shareholders and directors in the headquarters of the group complement each other. Further analysis shows that the subsidiary board of directors has an impact on technological innovation through the intermediary utility of R & D investment. Among them, the directors in the head office of the group promote innovation performance by increasing R & D investment, and equity incentive affects the technological innovation ability of the company through inverted U-shaped investment. The research results confirm the role of the subsidiary board of directors in innovation. It provides suggestions for the construction of the subsidiary board of directors, which is helpful to the further study of the subsidiary board of directors.
【作者单位】：山东大学管理学院;
【基金】：国家自然科学基金项目“企业集团内部网络特征与子公司技术创新关系研究”(71672102) 山东省自然科学基金项目“集团框架内子公司动态竞争能力培育机制研究”(ZR2014GM011)
【分类号】：F271;F272.92;F273.1

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