以实证方法研究了股东与经理人之间的信任度、经理人风险承担、股东与经理人之间的信息不对称及企业创新绩效的关系。研究表明,股东与经理人的信任度越高,越有利于企业创新绩效的提高,股东与经理人的信任度对企业创新绩效有直接影响。股东与经理人信任度越高,经理人的风险承担意愿越强。经理人的风险承担意愿对企业创新绩效有正向影响。股东与经理人之间的信任度可以通过经理人的风险承担间接影响企业的创新绩效。信息不对称度的降低可以提高股东与经理人之间信任度对企业创新绩效的直接促进作用。本研究对现有的部分理论做出了有益的补充,为企业实践提供了一定的参考。
Abstract
The relationship among trust of stockholder and manager, manager's risk-taking, information asymmetry degree, and innovation performance is studied by an empirical method. The study shows that the trust degree of stockholder and manager has a positive and direct impact on the innovation performance. At the same time, there is a significant association between the trust degree and the willingness for manager's risk-taking. The manager's risk-taking willingness affects innovation performance positively. The trust degree of stockholder and manager could also indirectly affect innovation performance through manager's risk-taking willingness. Empirical analysis indicates that the decrease of information asymmetry degree is able to obviously enhance the effect which the trust degree between stockholder and manager has on the innovation performance. The beneficial supplement to some of the existing theory is made and some reference for enterprises' practice is provided.
关键词
信任 /
创新绩效 /
风险承担 /
信息不对称
Key words
trust /
innovation performance /
risk-taking /
information asymmetry
{{custom_sec.title}}
{{custom_sec.title}}
{{custom_sec.content}}
参考文献
[1] Hattori R A, Lapidus T. Collaboration, trust and innovative change[J]. Journal of Change Management, 2004, 4: 97-104.
[2] 蔡铂,聂鸣.社会网络对产业集群技术创新的影响[J].科学学与科学技术管理,2003(7):57-60.
[3] Gould-Williams J, Davies F. Using social exchange theory to predict the effects of HRM practice on employee outcomes[J]. Public Management Review, 2005,7:1-24.
[4] Porter T W, Lilly B S. The effects of conflict, trust and task commitment on Project team Performance [J]. The International Journal of Conflict Management, 1996, 7:361-376.
[5] Fan J P H, Wong T J. Corporate ownership structure and the inform activeness of accounting earnings in east Asia[J].Journal of Accounting and Economics, 2002, 65:36-395.
[6] Dirks K T, Ferrin D L. The role of trust in organization settings[J].Organization Science, 2001,12: 450-467.
[7] Clegg C W, Unsworth K L, Epitropaki O, Parker G. Implicating trust in the innovation process[J].Journal of Occupational and Organizational Psychology, 2002, 75: 409-423.
[8] Myers S, Marquis D G. Successful industrial innovations: A study of factors underlying innovation in selected firms [J]. National Science Foundation Report. 1969, 69-71.
[9] Cummings L L, Bromiley P. The organizational trust inventory (OTI):Development and validation[J]. In: Kramer R, Tyler T (Eds.) Trust in organizations: Thousand Oaks, CA: Sage. 1996:302-310.
[10] Hill C W L, Snell S A. External control, corporate strategy and firm performance in research intensive industries[J]. Strategic Management Journal, 1988, 9: 577-590.
[11] Justin T. Innovation and risk-taklng in a transitional economy: a comparative study of chinese managers and entrepreneurs [J]. Journal of Business Venturing, 2001, 16:359-376.
[12] Covin J G, Slevin D A. Conceptual model of entrepreneurship as firm behavior[J]. Entrepreneurship: Theory and Practice, 1991, (16)1:7-25.
[13] Cooper R G, Kleinschmidt E J. Benchmarking the firms critical success factors in new product development[J]. Journal of Product Innovation Management, 1995, 12: 374-391.
[14] Saleh S D, Wang C K. The management of innovation: strategy structure, and organizational climate [J].Transaction on Engineering Management, 1993, 40(1): 35-48.
[15] Miller M, Kets de Vries, Toulouse J M. Top executive locus of control and its relationship to strategy-making, structure and environment[J].Academy of Management Journal, 1982, 25:237-253.
[16] Hitt M A, Hoskisson R E, Ireland RD etal. Effects of acquisitions on R&D inputs and outputs[J]. The Academy of Management Journal, 1991, 28(3): 693-706.
[17] Bushee K. The influence of institutional investors on myopic R&D investment behavior[J]. Accounting Review, 1998, 73: 305-333.
[18] Robinson S L, Rousseau D M. Violating the psychological contract: not the exception but the norm [J]. Journal of Organizational Behavior, 1994, 15: 245-259.
[19] Peterson R S, Owens P D, Tetlock P E etal. Group dynamics in top management teams: groupthink, vigilance and alternative models of organizational failure and success [J]. Organizational Behavior and Human Decision Process, 1998, 73:272-305.
[20] 付红桥.营销信息不对称度的动态变化研究[J]. 商业时代,2007(6):19-21.
[21] Jensen M C, Meckling W H. Theory of the firm: managerial behavior, agency costs and capital structure[J]. Journal of Financial Economics, 1976, 3(4):305-360.
[22] Gilley K M, Rasheed A. Making more by doing less: an analysis of outsourcing and its effects on firm performance [J]. Journal of Management, 2000, 26(4): 763-789.
[23] Calantone R J, Cavusgila S T, Zhao Y L. Earning orientation firm innovation capability and firm performance [J]. Industrial Marketing Management, 2002, 31 (4): 515-524.
基金
国家自然科学基金项目(70672053,2007-2009);教育部哲学社会科学研究重大攻关项目(09JZD0030,2010-2013)。
PDF(1492 KB)
