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文章采用多层线性分析方法,以民营上市公司2011-2014年的数据为样本,对产品市场竞争、董事会异质性与企业技术创新的关系进行了实证研究。结果表明:董事会的平均受教育水平对民营企业R&D支出产生明显的促进作用,董事会教育水平异质性和专业知识异质性与民营企业R&D支出没有显著性影响,职能背景异质性对民营企业R&D支出的影响随着行业竞争程度而变化,产品市场竞争对民营企业技术创新是一个非常重要且不容忽视的影响因素。研究结论对于民营企业完善董事会结构具有较强的借鉴意义。
The article uses the method of multi-level linear analysis and takes the data of private listed companies from 2011 to 2014 as a sample, and conducts an empirical research on the relationship between product market competition, board heterogeneity and enterprise technology innovation. The results show that: the average educational level of the board of directors has a significant role in promoting R & D expenditures of private-owned enterprises; heterogeneity of educational level heterogeneity and professional knowledge of the board of directors has no significant effect on R & D expenditure of private enterprises; The impact of R & D expenditure changes with the degree of competition in the industry. Product market competition is a very important factor that can not be ignored in the technological innovation of private enterprises. The conclusion of the study is of great reference to private-owned enterprises in improving the structure of the board of directors.