创业板上市公司CEO权力与企业研发投入

发布时间：2018-03-19 05:12

本文选题：CEO权力　切入点：研发投入　出处：《商业研究》2017年07期 　论文类型：期刊论文

【摘要】：充足的资源对于确保连续的研发活动、减少研发运营的不确定性、提高创新能力是必要的,而CEO的权力大小对于公司战略和资源分配具有重要影响。本文从组织权力、所有权权力、声誉权力和专家权力维度构建CEO权力测度方法,并以我国创业板2010-2013年上市公司为样本对CEO权力与企业研发投入关系进行实证研究,发现创业板上市公司CEO权力与企业研发投入存在显著正相关,且政府补助和研发人员规模均对CEO权力和企业研发投入之间的关系存在正向调节作用。因此,赋予公司CEO更大的权力,充分发挥其"管家"精神,有助于促进企业研发投入;同时,争取更多的政府补贴、保证企业研发人员充足的规模,有利于减少资源约束、提高抗风险能力、增强CEO信心,有利于加强CEO权力对于企业研发投入的正向促进作用。
[Abstract]:Adequate resources are necessary to ensure continuous R & D activities, reduce uncertainty in R & D operations, and improve innovation capabilities, while the power of CEO has an important impact on corporate strategy and resource allocation. The measurement method of CEO power is constructed from the dimensions of ownership power, reputation power and expert power, and the empirical study on the relationship between CEO power and R & D investment is carried out with the listed companies in China's gem from 2010 to 2013. It is found that there is a significant positive correlation between CEO power and R & D investment in gem listed companies, and the relationship between CEO power and R & D investment is positively regulated by government subsidy and R & D personnel scale. Giving CEO more power and giving full play to its "steward" spirit will help to promote enterprise R & D investment; at the same time, it will help to secure more government subsidies and ensure an adequate scale of enterprise R & D personnel, which will help to reduce resource constraints. Improving the ability of resisting risk and enhancing the confidence of CEO will help to strengthen the positive effect of CEO power on enterprise R & D investment.
【作者单位】：北京工商大学商学院;北京工商大学国有资产管理协同创新中心;中国工程院战略咨询中心;
【基金】：国家自然科学基金青年项目,项目编号:71602006;国家自然科学基金面上项目,项目编号:71672003 教育部人文社科青年基金项目,项目编号:16YJC630121 科技创新平台-商科特色项目(2017)资助北京市属高校长城学者培养计划项目,项目编号:CIT&TCD20170308
【分类号】：F273.1;F275;F832.51

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