董事会非正式层级对企业绩效的驱动研究——基于双元创新视角  

Driving Effect of Board Informal Hierarchy on EnterprisePerformance: ADual Innovation Perspective

作　　者：张月玲[1] 韩雪影 石珂钰 ZHANG Yueling;HAN Xueying;SHI Keyu(College of Economics and Management,Shandong University of Science and Technology,Qingdao,Shandong 266590,China)

机构地区：[1]山东科技大学经济管理学院,山东青岛266590

出　　处：《山东科技大学学报(社会科学版)》2025年第1期80-91,共12页Journal of Shandong University of Science and Technology(Social Sciences)

基　　金：山东省自然科学基金青年项目(ZR2022QG054)。

摘　　要：选取2011—2022年沪深A股上市公司数据为样本,研究董事会非正式层级对企业绩效的驱动作用。研究表明:董事会非正式层级对企业绩效具有显著的驱动效应;探究其作用机制发现,双元创新在董事会非正式层级与企业绩效之间发挥部分中介作用;董事会非正式层级通过提升双元创新互补性,推动企业绩效的提升;但双元创新平衡性中介作用不显著。此外,媒体关注度有助于促进董事会非正式层级与企业绩效之间的正向关系。未来应积极发挥董事会非正式层级的治理作用和网络媒体的宣传作用,同时持续协调双元创新的资源配置。The data of Shanghai-Shenzhen A-share listed companies from 2011 to 2022 were selected as the sample to study the driving effect of board informal hierarchy on the enterprise performance.The research shows that board informal hierarchy has a notable driving effect on the enterprise performance.Further analysis reveals that dual innovation plays an intermediary role between board informal hierarchy and the enterprise performance.Specifically,board informal hierarchy boosts enterprise performance by enhancing the complementarity of dual innovation,although the intermediary role of dual innovation is not statistically significant.Moreover,media attention helps to promote the positive relationship between board informal hierarchy and the enterprise performance.The research findings provide insights for strengthening the hierarchical governance of the board of directors and improving the economic benefits of enterprises.

关 键 词：董事会非正式层级 企业绩效 双元创新 媒体关注度 

分 类 号：F272.9[经济管理—企业管理]