谁更能高效引导企业技术创新——商业领袖职业特征与企业创新决策行为

人是企业发展第一要素.在企业发展中,尤其企业创新活动中,核心领袖人物一直是企业达成战略目标的重要驱动力,更是推动企业不断向前发展的驱动要素,不同视野不同层次的领袖在企业中发挥不一样的作用,在不同时期不同类型的企业阶段,不同商业领袖更是把各自的优势发挥淋漓尽致,并直接影响到企业的生死存亡.竞争激烈空前的今天,创新决定成败.举目全球,新的技术走出实验室迈向商业化一直是创新体系中的阿喀琉斯之踵.由谁管理企业才能加速技术创新的商业化过程?基于此,本文着重研究何种职业背景的商业领袖董事长更能够激励企业技术创新.本文基于2007-2018年A股上市企业的数据进行研究.实证结果发现,相比于学者型董事长,研发背景董事长更能够驱动企业的技术创新活动,对于突破性技术创新活动而言更是如此.上述结论在经过多重稳健性检验后依旧成立.特别的,研发背景董事长能在更长的一个时期内展现出对技术创新的驱动效果.从机制检验上来看,研发背景董事长较之于学者型董事长而言,更能够充分利用企业内部的研发投入和股票流动性优势,为企业技术创新活动提供便利条件,也能够有效降低企业融资约束的不利影响,尽可能减少这类不利因素对技术创新的干扰、本文拓展了企业创新的研究,对于企业管理者的选拔实践提供了经验参考,更对目前企业高管如何进行职业与学习规划有指引借鉴作用.

Professional Characteristics of Business Leaders and Enterprises' Innovation Deci-sion-making Behavior

Globally, it is the Achilles'' heel of the innovation system for new technologies to go out of the laboratory and commercialize. Who manages the business to accelerate the commercialization of technological innovation? Based on this, this article focuses on what type of chairman is more capable of stimulating corporate technological innovation. This article conducts research based on the data of A-share listed companies from 2007 to 2018. The empirical results show that, compared with scholar-type chairman, invention-type chairman is more able to drive the technological innovation activities of enterprises. The above conclusion is still valid after multiple robustness tests. In particular, the inventive chairman can show the driving effect of technological innovation for a longer period of time. From the perspective of the mechanism test, compared with the academic chairman, the invention-based chairman can make full use of the advantages of internal R & D investment and stock liquidity, provide convenient conditions for corporate technology innovation activities, and can effectively reduce corporate financing. The adverse effects of constraints, minimize the interference of such adverse factors on technological innovation, this article expands the research on corporate innovation, and provides an empirical reference for the selection practice of corporate managers.