技术创新风险整合监管机制研究

A research on the integration and supervison mechanism of technology innovation risks

本文运用企业风险整合管理理论探讨了高新技术企业技术创新风险的整合监管机制。研究重点分析了董事会的经营战略层风险监控与利用内外部审计进行内控合规层风险监控对于高新技术企业技术创新风险管理的作用效应。通过分析378家高新技术企业的调查面板数据发现,董事会积极参与经营战略层风险整合监控对于高新企业技术创新风险管理起着正向促进作用,而董事会利用内外部审计进行内控合规层风险监督会削弱了企业技术创新风险整合管理效率。本研究表明,董事会直接有效地进行经营战略层风险监控有利于企业技术创新的成功,该结论对于新兴经济国家(区域)内高新技术企业进行技术创新风险管理具有重要的理论意义和实践价值。

This study explored the integration and supervision mechanism of technology innovation risks in high - tech enterprises by use of the enterprise risk integration management theory. Especially, it analyzed the risk management role of board of directors in technology innovation, and disclosed that there are different effects from strategic risk control and internal operation risk control on technology innovation. This reflects the effectiveness of a board ＇ s risk supervision ： its direct involvement in risk supervision versus its utilization of enterprise audit in risk supervision. The Panel data from a survey of 378 high - tech enterprises was analyzed and the results indicate that the board ＇ s direct involvement in risk supervision moderates the positive effect of risk management on technology innovation. However, the use of enterprise audit in risk supervision plays a negative role on technology innovation. The results have important implications for technology innovation risk management of high - tech enterprises in emerging country or regions.