| 摘要: |
| 在竞争激励的环境下,企业生存的关键在于拥有核心竞争力,而核心竞争力在某种程度上与企业研发强度密不可分。本文以84家创业板私募股权投资基金支持企业为样本,研究了企业研发强度与董事会特征的关系,结果发现CEO工作背景、男性董事比例与研发强度正相关,而董事会持股比例、独立董事比例、董事薪酬与研发强度负相关。 |
| 关键词: 研发强度 董事会特征 私募股权投资基金 |
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| Empirical Study of R&D Intensity and Board Characteristics ——Based on the Data from PE Backed Companies |
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WU Ji zhong, MIAO Peng fei
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| Abstract: |
| Under the serious competitive environment, the key to survival and development of a company is the core competence which is closely connected with R&D investment and intensity. In this paper, we choose 84 companies in the growth enterprise market backed by private equity funds as sample to research the relation between R & D intensity and board characteristics. It reveals that CEO background and male director ratio are positively related to R & D intensity. In contrast, board share holding ratio, independent director ratio and director compensation are negatively related to R & D intensity. |
| Key words: R&D intensity board characteristics private equity funds |