高管团队多元化影响企业创新能力的双维分析——基于创业板数据的实证检验

摘要/Abstract

摘要： 现有关于高管团队影响企业创新能力的研究结论并不一致，主要原因是缺乏对多元化特质所属维度的划分。本文将高管团队多元化划分为社会背景多元化和职能背景多元化两个维度，并基于2014-2018年创业板345家上市公司数据，实证检验了两者对企业创新能力的影响。研究发现，高管团队成员社会背景多元化对企业创新能力有负向影响，职能背景多元化对企业创新能力有正向影响。进一步研究发现，股权集中度在高管团队多元化与企业创新能力之间起调节作用，股权集中度的提高削弱了高管团队社会背景多元化对企业创新能力的负向影响，增强了职能背景多元化对企业创新能力的正向影响。本文为解释现有研究结论的非一致性提供了思路，补充并丰富了现有理论研究的解释能力。同时，本文的研究结论对创业板高新技术企业通过优化高管团队结构来提升企业创新能力提供了理论与经验支持，丰富了高管团队与创新研究领域的研究成果。

关键词: 高管团队多元化, 双维分析, 创新能力, 股权集中度

Abstract: The existing research conclusions about the influence mechanism of top management teams (TMT) on enterprise innovation ability are not consistent, and the main reason is the lack of division of the dimensions on diversified traits. This paper explores TMT background diversify from two dimensions:social background diversity and function background diversity, and empirically tests their effect on enterprise innovation ability using the samples of 345 listed companies on second board market from 2014 to 2018. The research results of this paper are as follow:(1) Significant negative correlation is observed between the social background diversity of TMT and innovation capability of the enterprise. (2) The correlative analysis shows that there is a positive correlation between the function background diversity of TMT and enterprise innovation ability. (3) Further research shows that ownership concentration plays a regulatory effect between the diversification of TMT and the innovation ability of enterprise. The improvement of ownership concentration lowers the negative impact of the social background diversity of TMT on the enterprise innovation ability, and enhances the positive effects of the functional background diversity on the innovation ability of the enterprise. This paper provides ideas for explaining the inconsistency of existing research conclusions, supplements and enriches the explanatory power of existing theoretical research. The research conclusions of this paper provide theoretical support for the second board market high-tech enterprises to improve their innovation ability by optimizing the structure of TMT, and enrich the theory achievements in the field of TMT and innovation research.

Key words: top management team diversity, dual-dimensional analysis, innovation ability, ownership concentration

王性玉, 邢韵. 高管团队多元化影响企业创新能力的双维分析——基于创业板数据的实证检验[J]. 管理评论, 2020, 32(12): 101-111.

Wang Xingyu, Xing Yun. A Dual-dimensional Analysis of the Diversity of Top Management Team Effect on Enterprise Innovation Ability——Empirical Test Based on the Data of Second Board Market Enterprise[J]. Management Review, 2020, 32(12): 101-111.

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