摘要
董事会的效应依赖于组织情境，控股股东类型是重要的情境因素之一。从权变理论视角，以2007-2011年披露R＆D投入的我国上市公司为样本，采用层级回归方法，检验了控股股东类型对董事会与R＆D投入的调节作用。研究发现，董事会规模、董事会持股比例、董事会会议次数对R＆D投入的影响根据控股股东类型而产生权变，而独立董事比例与R＆D投入的正相关关系并未随之而改变。关注了情境因素对董事会治理行为及其效果的影响，并使用权变方法整合了多种董事会理论。
Board effectiveness depends on the organizational contingencies and the types of holding stockholders is one of the important contextual factors. From the point of view of contingency theory, this paper examines the moderating effect of the types of holding stockholders on the relationship between board of directors and R＆D investment using a sample of Chinese listed firms disclosing R＆D investment from 2007 to 2011 and hierarchical regression modeling. The results indicate that the influence of board size, independent director ratios, board ownership and board meeting frequency on R＆D investment is contingent upon the types of holding stockholders. This paper focuses on the influences of contextual factor on board effectiveness and uses contingency method to integrate multiple board theories.
出处
《系统工程》
CSSCI
CSCD
北大核心
2013年第12期10-17,共8页
Systems Engineering
基金
国家自然科学基金资助项目(71272119)
教育部人文社会科学研究规划项目(13YJA630109)
山东省自然科学基金资助项目(ZR2013GM020)
关键词
董事会
R&D投入
权变
控股股东类型
Board of Directors R＆D Investment Contingency Types of Holding Stockholders
