摘要
利用166家上市公司的二手数据,研究了董事会社会资本对企业研发投入的影响以及董事会4种权力对社会资本影响研发投入的调节效应.研究结果表明,董事会网络嵌入负向影响企业研发投入,董事会结构性权力增强了这一负向影响,而专家性权力和声望性权力降低了这一负向影响,股权性权力对这一负向影响不具有显著的调节效应;董事会政治关联正向影响企业研发投入,董事会股权性权力、专家性权力和声望性权力分别增强了这一正向影响,结构性权力对这一正向影响不具有显著的调节效应.由此可知,对于动态环境下的企业研发投入而言,董事会结构性权力对董事会社会资本是"负向加强型"权力,股权性权力是"正向加强型"权力,专家性权力和声望性权力均是"积极型"权力.研究结果对于我国企业董事会以促进研发投入为导向而优化自身社会资本和权力配置具有一定启示.
With the data of 166 listed companies,it studied the effect of the board social capital on RD investment,as well as the moderation effect of the four types of board power on the influence of board social capital on RD investment. The results show that： network embeddedness of the board had negative influence on RD investment,the board structural power enhances this negative influence,while expert power and prestige power reduce this negative influence,ownership power has no significant moderation effect on this negative influence; political association of the board has positive influence on RD investment,the board ownership power,expert power and prestige power all enhance this positive influence while structural power has no significant moderation effect on this positive influence. It can be seen that referring to RD investment of the enterprises in dynamic environment,the board structural power is＂negative enhancing＂power to the board social capital,the board ownership power is ＂positive enhancing＂power to the board social capital,the board expert power and prestige power are ＂aggressive＂power. It has some enlightenments for the board to optimize their social capital and power configuration oriented to the promotion of RD investment.
出处
《研究与发展管理》
CSSCI
北大核心
2015年第5期22-33,共12页
R&D Management
基金
国家自然科学基金青年项目"制度距离对中国海外投资企业逆向知识转移的影响研究"(71402113)
太原理工大学2013年校青年基金"董事会资本
董事会创造性决策与企业动态能力"(2013W002)
太原理工大学引进人才科研项目"基于董事会人力资本和社会资本互动匹配的董事会决策效率研究"(tyut-rc201310a)
