摘要
在中国经济转型背景下,连锁董事网络作为非正式制度的体现和社会资本的载体,是企业获取外部资源的重要途径。连锁董事网络位置体现了网络权力,会通过机会感知、资源整合和知识吸收效应进而影响企业创新能力。本文拓展了创新能力的动态维度,运用社会网络分析方法,以2009—2018年中国A股上市公司数据为样本,实证研究连锁董事网络位置对企业动态创新能力的差异化作用机制,并探讨治理情境对二者关系的调节作用。研究发现,连锁董事网络中心度对创新投入能力、创新产出能力、创新转化能力均有显著影响;结构洞对创新投入能力有显著影响,而对创新产出能力和创新转化能力的影响不显著;连锁董事网络位置与动态创新能力之间的关系会受到多重治理因素调节效应的差异化影响。本文的理论分析拓展了连锁董事网络和动态创新能力的相关研究,可以为中国企业动态创新、公司治理制度安排和连锁董事网络构建提供借鉴。
As the embodiment of informal institution and the carrier of social capital,the interlocking directorate network is an important means for enterprises to obtain resources under the background of China's transition economies.The interlocking directorate network location is quantification of the network power,so the network location can affect enterprises'innovation through the opportunity perception,the resources integration and the knowledge absorption effect.Based on the social network analysis method,this study expands the dynamic dimensions of innovation and empirically examines the differentiated effect mechanism of the interlocking directorate network location on innovation and the moderating effect of the multiple governance situation by using the Chinese A-share listed companies from 2009 to 2018 as research samples.This study finds that each dimension of the dynamic innovation capability is affected by different factors of the interlocking directorate network location.Specifically,the innovation input capability is affected by the degree centrality,the closeness centrality,the betweenness centrality and the structural hole;the innovation output capability and the transformation capability are affected by the degree centrality and the closeness centrality;the betweenness centrality and the structural hole are positively correlated with the innovation input capability,but have no significant effect on the innovation output capability and the transformation capability;there are differences in the function boundary of the interlocking directorate network on the dynamic innovation capability;the duality positively moderates the relation between the centrality,the structural hole and the dynamic innovation capability;the executive incentive and the property rights positively moderate the relationship between the centrality and the dynamic innovation capability,but have no significant moderating effect on the relationship between the structural hole and the innovation output and transformation capabilities.The r
作者
郑方
单文涛
王永青
ZHENG Fang;SHAN Wentao;WANG Yongqing(School of Business,Tianjin University of Finance and Economics,Tianjin 300222,China;School of Accounting,Nanjing Audit University,Nanjing 211815,China)
出处
《财经论丛》
CSSCI
北大核心
2021年第11期77-88,共12页
Collected Essays on Finance and Economics
基金
国家自然科学基金项目(71702124,72032007,71772134)
中国博士后科学基金特别资助(2018T110196)。
关键词
连锁董事网络
动态创新能力
多重治理情境
网络中心度
结构洞
Interlocking Directorate Network
Dynamic Innovation Capability
Multiple Governance Situation
Network Centrality
Structural Hole
