摘要
文章以2009至2012年为研究区间,选取沪深A股主板137家新一代信息技术上市公司的347个样本数据作为研究对象,对基于董事会特征调节效应的R&D投入与企业绩效的关系进行实证分析。研究结果表明,新一代信息技术企业R&D投入与企业绩效呈正相关的关系;董事持股比例和关键董事年龄都是同质调节变量,对R&D投入与企业绩效关系的形态和方向进行调节,董事持股比例越高或关键董事年龄越低对二者关系的影响越强;董事会会议强度不是调节变量。
T his paper selects 347 sample data of 137 new generation of information technology enterpri‐ses listed in Shanghai and Shenzhen A‐share market from 2009 to 2012 to empirically analyze the effect of the board characteristics on the relation between research ＆ development （R＆D） investment and firm performance .The results show that the R＆D investment and firm performance of the new gener‐ation of information technology enterprises are positively related .The share percentage of the board directors and the age of core board directors are quasi moderators ,w hich moderate the direction and form of the relation between R＆D and firm performance . The higher share percentage is and the younger core directors are ,the greater impact it will have on the relation between the two .The board meeting number（BMN） is not a moderator .
出处
《合肥工业大学学报（社会科学版）》
2015年第3期29-35,共7页
Journal of Hefei University of Technology(Social Sciences)
基金
安徽省软科学研究计划项目(2013AKRK0360)
合肥工业大学博士学位人员专项资助基金项目(2012HGBZ0632)
关键词
R&D投入
绩效
董事会特征
新一代信息技术企业
调节效应
research ＆ development （R＆D） investment
firm performance
board characteristics
new generation of information technology enterprises
regulating effect
