技术独董、经济政策不确定性与企业创新产出
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安徽省哲学社会科学规划项目(AHSKQ2018D13)


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    摘要:

    创新产出是企业创新能力的直观体现,也是企业价值创造的源泉。以2008—2017年披露了专利授权信息的中国A股上市公司为样本,研究了独立董事技术专长对企业创新产出的影响。结果显示:(1)技术独立董事显著地促进了企业创新产出,且这种促进作用受到经济政策不确定性的负向调节;(2)技术独立董事是通过提高企业的创新投入来促进企业的创新产出的;(3)技术独立董事兼职席位与企业创新产出呈倒U型关系。根据上述研究结论,企业应当增加技术独立董事的引入并适当限制技术独立董事在其他企业兼职的行为,以充分发挥技术独立董事的创新驱动效应,提高企业创新产出。

    Abstract:

    Innovation output is a direct reflection of enterprises’ innovation ability, and is also a source of enterprise value. Based on the data of A-share Chinese listed companies that disclosed patent licensing information from 2008 to 2017, this paper studies the impact of technical expertise of independent directors on innovation output. The results show that: Firstly, independent directors with technical background have a significantly positive impact on corporate innovation output, which is negatively regulated by economic policy uncertainty. Secondly,independent directors exert facilitation on innovation output by improving innovation investment. Thirdly, the multiple directorships of technical independent directors exert an inverted U-shaped curvilinear effect on innovation output. According to the above research conclusions, this paper suggests that enterprises should increase the introduction of independent directors with technical background and appropriately restrict their multiple directorships on other boards so as to make full use of the innovation-driven effects of technical independent directors and improve corporate innovation output.

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刘中燕.技术独董、经济政策不确定性与企业创新产出[J].南京审计大学学报,2021,(4):

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  • 在线发布日期: 2021-07-14
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