我国高新技术企业高管团队特征、研发支出与企业绩效关系研究

发布时间：2018-04-24 12:28

本文选题：高管团队特征 + 研发支出　；参考：《广西师范大学》2017年硕士论文

【摘要】：在当今这个知识经济全球化时代,知识是推动社会发展的重要动力。随着知识经济时代的到来,企业的战略重心开始从传统的争夺企业外部战略资源转向培养和发展企业内部战略资源。而伴随着经济全球化浪潮的推动,科学技术创新是各国经济增长的主要动力。对于一个企业而言,为了应对竞争激烈的市场,必须要通过研发活动取得科技创新优势,从而提高企业绩效。纵观前人的文献研究,其重点主要在研究高管团队知识背景、社会关系等与企业绩效之间的直接研究,而涉及到高管团队特征通过怎样的途径来影响企业绩效的研究比较少,特别在当今这个科技时代的背景下,从企业研发战略选择的视角来研究高管团队特征与企业绩效的关系更少。根据高层梯队理论,不同公司的高管团队成员在学历、年龄、任期等方面都是有差异的,因此他们对企业的研发投入会采取不同的态度。本文选取高新技术企业为研究样本,以高层梯队理论、技术创新理论、委托代理理论和人力资本理论为理论基础来研究高管团队特征、研发支出和企业绩效之间存在何种逻辑关系,即高管团队特征影响企业绩效的途径,是否会通过研发支出这个中介变量来影响企业绩效。本文以2012-2014年279家上市的高新技术企业为研究对象,建立多元回归模型实证分析高管团队特征分别对企业绩效、研发支出产生的影响,并进一步检验高管团队特征是否会通过研发支出来对企业绩效产生影响。实证结果表明:(1)高新技术企业高管团队的受教育水平、任期对企业绩效有显著的正向影响,年龄对企业绩效有显著的负向影响,而团队规模与企业绩效的影响没有通过显著性检验;(2)高管团队的受教育水平和任期对研发支出有显著的正向影响,年龄对研发支出呈现显著的负向影响,而团队规模与研发支出的影响不显著;并在此研究结论上进行更深度的思考,探讨出高管团队年龄与研发支出存在“倒U型”关系;(3)进一步进行中介效应检验得出,高管团队的受教育水平、年龄、任期均可以通过研发支出这个中介变量来影响企业绩效。通过实证分析和检验,最终为高新技术企业更好地发展提出了相关的对策。高新技术企业应当建立优质和高效的管理团队,总体上提高高管团队的素质和管理水平,并且充分利用高管团队的有利因素,发挥高管团队在研发活动中的引导作用,从而提升企业绩效。同时,高新技术企业要为了保持市场地位和核心竞争力,就需要加大研发方面的投入,不断地研发出附加值高的新产品,提升公司的绩效,最终达到实现企业价值最大化的目标。
[Abstract]:In the era of knowledge economy globalization, knowledge is an important driving force to promote social development. With the arrival of the era of knowledge economy, the strategic focus of enterprises begins to shift from the traditional competition for external strategic resources to the cultivation and development of internal strategic resources. With the development of economic globalization, science and technology innovation is the main driving force of economic growth. For an enterprise, in order to cope with the fierce competition in the market, it is necessary to obtain the advantage of scientific and technological innovation through R & D activities to improve the performance of the enterprise. Throughout the previous literature research, its focus is mainly on the executive team knowledge background, social relations and corporate performance between the direct research, but involves how the characteristics of the executive team to affect corporate performance through how to do less research. Especially under the background of today's science and technology era, it is less to study the relationship between executive team characteristics and enterprise performance from the perspective of enterprise R & D strategy choice. According to the theory of top echelon, members of executive team of different companies have different degrees of education, age, tenure and so on, so they will take different attitude towards R & D investment. This paper selects high-tech enterprises as the research sample, studies the characteristics of senior management team on the basis of high-level echelon theory, technology innovation theory, principal-agent theory and human capital theory. What is the logical relationship between R & D expenditure and firm performance, that is, whether the characteristics of the executive team affect the performance of the firm through the intermediary variable of R & D expenditure? This paper takes 279 listed high-tech enterprises in 2012-2014 as the research object, and establishes the multiple regression model to analyze the impact of the characteristics of senior management team on corporate performance and R & D expenditure, respectively. And further examine whether the characteristics of the executive team will have an impact on corporate performance through R & D expenditure. The empirical results show that the education level of senior executives in high-tech enterprises, tenure has a significant positive impact on corporate performance, age has a significant negative impact on corporate performance. However, the impact of team size and enterprise performance on R & D expenditure was significantly positive, while age had a significant negative impact on R & D expenditure. (2) the education level and tenure of the senior management team had a significant positive impact on R & D expenditure, but age had a significant negative impact on R & D expenditure. However, the effect of team size and R & D expenditure is not significant. In this study, the author thinks deeply about the relationship between the age of senior management team and R & D expenditure, and finds out that there is a "inverted U-shaped" relationship between the age of senior management team and R & D expenditure. The educational level, age and tenure of the executive team can affect the performance of the firm through the intermediary variable of R & D expenditure. Through the empirical analysis and test, finally put forward the relevant countermeasures for the better development of high-tech enterprises. High-tech enterprises should establish high-quality and efficient management team, improve the quality and management level of the senior management team, and make full use of the favorable factors of the senior management team, and give full play to the leading role of the senior management team in R & D activities. So as to improve enterprise performance. At the same time, in order to maintain their market position and core competitiveness, high-tech enterprises need to increase their investment in R & D, continuously develop new products with high added value, and improve the company's performance. Finally achieve the goal of maximizing enterprise value.
【学位授予单位】：广西师范大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F276.44;F272.91;F273.1

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