摘要
运用理论分析和实证检验相结合的方法,探讨了董事会成员背景多元化与企业创新产出的关系,以及内部控制有效性对二者关系的调节效应.首先,以高阶梯队理论、资源依赖理论和社会认知理论等作为理论基础,分析提出2个研究假设;然后,选取我国2012—2018年A股上市公司的数据为样本,通过建立2个多元线性回归数学模型,运用Pearson变量相关性分析技术和方差膨胀因子检验以及OLS、FE等方法分析后发现:(1)董事会背景多元化在1%的显著性水平上对企业创新具有正向的促进作用;(2)内部控制有效性在1%的显著性水平上对董事会背景多元化与企业创新产出的关系具有正向调节作用,即随着内部控制有效性的提升,董事会背景多元化对企业创新产出的正向影响逐渐增强;(3)在国有控股企业、总经理与董事长两职分离的企业和市场化程度较高地区的企业中,内部控制有效性对董事会背景多元化促进企业创新的正向调节作用更为明显.
This paper combines theoretical analysis with empirical test to explore the relationship between the diversity of board members'backgrounds and the innovation output of enterprises and the moderating effect of the effectiveness of internal control on their relationship.First,on the basis of the upper echelon theory,the resource dependence theory and the social cognition theory,two research hypotheses are put forward.Then the data of China's A-share listed companies from 2012 to 2018 are selected as the sample and two multiple linear regression models are established.The following conclusions are drawn with the method of Pearson,VIF,OLS and FE.First,there is a positive correlation between the background diversity of the board of directors and the output of corporate innovation,with a significant level of 1%.Second,on the significance level of 1%,the effectiveness of internal control has a positive regulating effect on the relationship between the diversity of the background of the board of directors and the innovation output of the enterprise.In other words,with the improvement of the effectiveness of internal control,the positive influence of the diversity of the background of the board of directors on the innovation output of the enterprise gradually increases.Third,in the state-held enterprises,the enterprises where the general manager and the chairman are separated and the enterprises in the areas with a high degree of marketization,the effectiveness of internal control has a stronger positive regulatory effect on the background diversity of the board of directors promoting corporate innovation.
作者
朱渝梅
李日华
刘伟
ZHU Yumei;LI Rihua;LIU Wei(Guangzhou Pearl River Enterprises Group, Guangzhou 510095;School of Economics & Management, South China Normal University, Guangzhou 510631)
出处
《华南师范大学学报（自然科学版）》
CAS
北大核心
2020年第4期120-128,共9页
Journal of South China Normal University(Natural Science Edition)
基金
广东省科技计划项目(2013B040400012)。
关键词
董事会成员多元化
内部控制
企业创新
市场化程度
background diversity of the board of directors
internal control
corporate innovation
degree of marketization
