科研管理

科研管理 ›› 2018, Vol. 39 ›› Issue (8): 26-33.

• 论文 • 上一篇    下一篇

国企高管团队任务断裂带、混合股权结构与创新绩效

林明1,戚海峰2,鞠芳辉1   

  1. 1.浙江大学宁波理工学院 商学院，浙江 宁波315100；
    2.华东理工大学 商学院，上海200237
  • 收稿日期:2016-03-01 修回日期:2018-01-22 出版日期:2018-08-20 发布日期:2018-08-21
  • 通讯作者: 林明
  • 基金资助:

    国家社会科学基金资助项目：“股权结构调节下混合所有制企业高管团队断裂带对突破性创新绩效的影响研究”（项目编号：14BGL180；起止时间：2014－2018）。

Task-related top management team faultline, mixed-ownership structure and innovation performance in state-owned companies

Lin Ming1, Qi Haifeng 2, Ju Fanghui1   

  1. 1. School of Business, Ningbo Institute of Technology, Zhejiang University, Ningbo 315100, Zhejiang, China;
    2. School of Business, East China University of Science and Technology, Shanghai 200237, China
  • Received:2016-03-01 Revised:2018-01-22 Online:2018-08-20 Published:2018-08-21

摘要： 本研究融合了高管团队断裂带与股权结构理论，利用中国电子信息产业上市国企面板数据，采取负二项式模型分析高管团队任务断裂带与创新绩效间关系及混合股权结构调节效应。结果表明：（1）当国有与非国有大股东的股权制衡程度大时，高管团队任务断裂带强度对创新绩效具有显著负向作用，而当国有与非国有大股东的股权制衡程度小时，高管团队任务断裂带强度与创新绩效间关系不显著；（2）随着大股东中机构投资者持股增大，高管团队任务断裂带强度对创新绩效正向作用增强。为了发挥高管团队任务断裂带对创新绩效积极作用，混合所有制国企需权变地安排股权结构缓解不同性质股权的利益冲突，增强高管团队知识整合。

关键词: 高管团队任务断裂带, 创新绩效, 混合股权结构, 国企

Abstract: Based on the panel data of Chinese listed and state-owned electronic and information companies, applying the theories of TMT faultlines and ownership structure, we probe the relationship between task-related TMT faultline and innovation performance, as well as the moderating role of the mixed-ownership structure in the relationship between TMT task-related faultline and innovation performance in the state-owned companies. The results of Fixed-Effects Negative Binomial Model analysis indicate that, first, the relationship between task-related TMT faultline and innovation performance is weakened when the level of balance between the equity proportion of big shareholders who represent state ownership and that of big shareholders who represent private ownership is high; while the relationship is not significant when the level of balance between the equity proportions of the above-mentioned two types of shareholders is low. Second, the positive effect of task-related TMT faultline on innovation performance is strengthened when the equity proportion of institutions investors increases. To strengthen the positive impact of task-related TMT faultline on innovation performance, enterprises with mixed-ownership structure should contingently arrange ownership structure to reduce the interest conflicts between the two types of shareholders, and try to improve knowledge integration within the TMT.

Key words: task-related top management team faultline, innovation performance, mixed-ownership structure, state-owned company