摘要
董事会可以从管理层面影响公司的研发投资决策,并通过提高研发效率来保障公司创新发展。以深交所2013—2016年创业板上市公司为样本数据,从董事会的外部寻利和内部运作两个方面,研究董事会特征对公司研发效率的影响。结果表明,独立董事政治关联、独立董事比例、董事长兼任总经理、董事会会议与研发效率显著正相关,董事会规模与研发效率显著负相关。
The board of directors can influence the R&D investment through management decisions and guarantee the innovation and development of enterprises by improving R&D efficiency. Based on the sample data of listed companies in Shenzhen GEM from 2013 to 2016, this paper studies the influence of board characteristics on R&D efficiency from the aspects of the external profit seeking and internal operation of the board. The results show that the political relationship of independent directors, the proportion of independent directors, dual role as chairman of the board and general manager, the board meeting and R&D efficiency are significantly positively correlated, and the size of the board of directors is negatively correlated with R & D efficiency.
作者
周文静
ZHOU Wenjing(School of Economics,Fujian Normal University,Fuzhou 350108,China)
出处
《福建商学院学报》
2019年第1期23-30,共8页
Journal of Fujian Business University
关键词
董事会特征
研发效率
创新发展
创业板上市公司
board characteristics
R & D efficiency
innovation and development
listed companies on GEM