董事会信息异质性对企业R&D支出的影响研究——基于沪深两市高科技行业上市公司的经验证据  

Study on the Effect of Heterogeneity of Board Information on Corporate R&D Expenditure——Based on the Empirical Evidence of Listed Companies in High-tech Industry

作　　者：李小青[1,2] 周建[2] 

机构地区：[1]燕山大学经济管理学院,河北秦皇岛066004 [2]南开大学公司治理研究中心,天津300071

出　　处：《软科学》2012年第7期113-117,共5页Soft Science

基　　金：国家自然科学基金项目(70872048);教育部新世纪优秀人才支持计划项目(NCET-08-0302);教育部人文社会科学重点研究基地重大项目(11JJD630005);南开大学"985工程"中国企业管理与制度创新基地资助项目(1050821210)

摘　　要：以沪深两市2007～2009年披露R&D支出的高科技行业上市公司为研究对象,尝试超越传统的输入-输出(I-O)模式,探索董事会行为的影响因素——董事会信息异质性对企业研发战略的影响。实证研究结果表明,董事会职能背景异质性与R&D支出正相关,董事会教育程度异质性与R&D支出负相关,董事会行业背景异质性对R&D支出没有显著影响。This paper empirically investigates the relationship between the board information heterogeneity and corporate R＆D expenditure based on the relevant data of hi - tech industrial listed firms in China from 2007 to 2009. Main findings are as follows ： there is a positive correlation between board＇ s functional background heterogeneity and R＆D expenditure; there is a negative correlation between board＇ s educational level heterogeneity and R＆D expenditure; there is no significant influence between board industrial background heterogeneity and R＆D expenditure.

关 键 词：董事会信息异质性 职能背景 教育程度 行业背景 R&D支出 

分 类 号：F270[经济管理—企业管理]