董事技术专长、创新效率与企业绩效

发布时间：2018-05-12 03:32

本文选题：董事技术专长 + 创新效率　；参考：《南开管理评论》2017年03期

【摘要】：在中国创新发展的历程中,技术专家型董事对企业创新的推动作用日渐凸显,这为研究中国特色自主创新道路下的董事会治理提供了崭新而重要的视角。本文以我国2007-2013年上市公司为样本,采用手工搜集的技术专家型董事数据,探讨其对企业绩效的影响以及作用机理。实证结果显示,技术专家型董事对企业绩效有显著正向影响,创新效率在二者关系中起到部分中介作用,且该作用兼具时滞效应与当期效应。进一步研究发现,虽然不同类型的技术专家型董事在内部信息持有量与独立性方面存在差异,但对创新效率皆有显著提升作用。上述结果在考虑内生性问题以及稳健性检验后依然成立,为技术专家型董事的创新驱动效应提供了实证依据,也对构建支持创新的公司治理机制具有重要启示。
[Abstract]:In the course of innovation and development in China, the role of technical expert directors in promoting enterprise innovation is becoming increasingly prominent, which provides a new and important perspective for the study of the governance of the board of directors under the road of independent innovation with Chinese characteristics. This paper takes China's listed companies from 2007 to 2013 as a sample, using the technical expert director data collected by hand, to explore its impact on enterprise performance and its mechanism of action. The empirical results show that the technical expert directors have a significant positive impact on corporate performance, innovation efficiency plays a part of the intermediary role in the relationship between the two, and this role has both the time-delay effect and the current effect. Further study shows that although there are differences in internal information holding and independence among different types of technical expert directors, they all play a significant role in improving innovation efficiency. The above results are still valid after considering the endogenous problem and the robustness test, which provides an empirical basis for the innovation driving effect of the technical expert directors, and also has important implications for the construction of the corporate governance mechanism to support innovation.
【作者单位】：山东财经大学会计学院;
【基金】：国家社会科学基金项目(13BGL026) 山东省自然科学基金项目(ZR2013GM006)资助
【分类号】：F271;F272.5;F273.1

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