Zhang Yan, Ma Lianfu
Research Center for Environment and Sustainable Development of the China Civil Aviation, Civil Aviation University of China, Tianjin, China.
Business School, Nankai University, Tianjin, China.
Front Psychol. 2022 Apr 25;13:857886. doi: 10.3389/fpsyg.2022.857886. eCollection 2022.
This study takes the Chinese technology-intensive listed companies from 2009 to 2019 as the research sample to study the relationship between board faultlines and innovation strategy decisions of companies, and examines the impact of property rights background and institutional environment on the above relationship from the perspective of external governance environment of Chinese-listed companies. The results show that social-related faultlines of the board of directors have a negative influence on corporate innovation strategy decisions; cognitive-related faultlines have a positive effect on corporate innovation strategy decisions. At the same time, this research proves that the property rights background and institutional environment have a regulating role in the relationship between board faultlines and innovation strategy decisions, and can play an active role in the board faultlines.
本研究以2009年至2019年中国科技密集型上市公司为研究样本,研究董事会断层线与公司创新战略决策之间的关系,并从中国上市公司外部治理环境的角度考察产权背景和制度环境对上述关系的影响。研究结果表明,董事会的社会相关断层线对公司创新战略决策具有负面影响;认知相关断层线对公司创新战略决策具有正面影响。同时,本研究证明产权背景和制度环境在董事会断层线与创新战略决策的关系中具有调节作用,并能在董事会断层线中发挥积极作用。