董事会异质性、环境动态性与企业创新战略

Board Heterogeneity,Environmental Dynamics and Business Innovation Strategies

基于高阶梯队理论和资源依赖理论的双重视角,本文以2015—2020年我国A股上市公司为样本,研究董事会职能背景和海外背景异质性对企业创新战略的影响,同时检验环境动态性在二者之间的调节作用。研究结果表明,董事会职能背景和海外背景异质性对企业创新战略均有显著的正向影响;环境动态性负向调节董事会异质性与企业创新战略之间的关系;进一步区分企业产权性质得出:相比于国有企业,非国有企业中董事会职业背景和海外背景异质性对企业创新战略的制定和实施的正向促进作用更加明显。研究结果进一步完善了董事会成员配置方面研究和提升了企业创新战略制定和实施的科学性。

Based on the dual perspective of upper echelon theory and resource dependence theory,this paper researches on the impact of the heterogeneity of the board functional background and overseas background on corporate innovation strategies by taking the sample of companies listed on the Shanghai and Shenzhen Stock Exchanges from 2015 to 2020.Meanwhile,the paper also examines the moderating effect of environmental dynamics between the above two factors.The results show that(1)the heterogeneity of the board's functional background and overseas background had a significant positive impact on the innovation strategies of enterprises;(2)environmental dynamics negatively moderated the relationship between board heterogeneity and enterprise innovation strategies;(3)through a further differentiation of the nature of enterprise property rights,it was found that the board heterogeneity of non-state-owned enterprises had a more positive effect on the formulation and implementation of business innovation strategies than that of state-owned ones.The research results further improve the research on the appointment of board members and enhance the scientificity of the formulation and implementation of business innovation strategies.