董事会外部联系对初创企业创新的影响研究
Research on the influence of board external connections on innovation of start-ups
李凡 1邹茉 1霍春鹏 1王焕彩1
作者信息
- 1. 北京第二外国语学院 商学院,北京 100024
- 折叠
摘要
董事会外部联系是初创企业获取知识溢出赋能创新的重要渠道.基于创业知识溢出理论,以中国225 家创新型初创企业为样本,利用Probit回归模型探索董事会外部联系对初创企业创新的影响.结果表明:董事会外部联系不仅对创新型初创企业创新有影响,并且是创新型初创企业获得知识溢出赋能创新的重要原因.进一步研究发现,董事会外部联系既有利于初创企业获取在位企业"单向溢出"的知识,也有利于初创企业创造的知识回流到在位企业,形成双向互惠;董事会外部联系对吸收能力不同的初创企业影响具有异质性,初创企业吸收能力越强,董事会外部联系对初创企业创新的推动作用越强.研究丰富了创业知识溢出理论的内涵,对科学认识董事会外部联系这一知识溢出路径具有重要意义.
Abstract
Board external connections serve as a vital conduit for start-ups to harness knowledge spillovers and em-power their innovation endeavors.Drawing upon the entrepreneurial knowledge spillover theory,this study delves into the impact of external board connections on innovation within innovative start-ups in China,utilizing a sample of 225 such enterprises and employing the probit regression model.The findings underscore not only the significant influence of board external connections on innovation in these start-ups but also their pivotal role in facilitating knowledge spillovers that drive innovation.Further exploration reveals a nuanced dynamic:these connections not only enable start-ups to tap into the'one-way spillover'of knowledge from incumbent firms but also facilitate the'backflow'of knowledge generated by startups themselves into those established companies,fostering a mutually beneficial'two-way reciprocal'relationship.This dual flow of knowledge enriches the innovation ecosystem and underscores the interconnectedness of firms across different stages of development.Moreover,the study highlights the heterogeneous effects of board external connections on start-ups with varying levels of absorptive capacity.Spe-cifically,it observes that the stronger a startup's absorptive capacity,the more pronounced is the boost provided by board external connections to its innovation capabilities.This underscores the importance of not just establishing connections but also nurturing a culture and infrastructure within startups that enable effective knowledge acquisi-tion,assimilation,and utilization.By contributing to the depth and breadth of entrepreneurial knowledge spillover theory,this research offers valuable insights into the mechanisms through which board external connections act as a conduit for knowledge sharing and exchange.It underscores the strategic importance of leveraging these connections to bridge the knowledge gap between startups and more established firms,fostering a symbiotic relationship that benefits both parties.From a practical perspective,the findings suggest that policymakers and entrepreneurs alike should prioritize fostering an environment conducive to the development and maintenance of board external connec-tions.This includes initiatives aimed at enhancing the networking capabilities of start-ups,facilitating knowledge exchange platforms,and promoting collaboration between startups and established firms.By doing so,not only can startups harness valuable knowledge resources to fuel their innovation engines,but the overall ecosystem can benefit from a more vibrant and interconnected knowledge flow.In summary,this study underscores the transformative po-tential of board external connections in driving innovation within innovative startups.By illuminating the intricate interplay between knowledge spillovers,absorptive capacity,and board connections,it offers a nuanced under-standing of the complex dynamics that shape the innovation landscape and contributes significantly to the ongoing discourse on entrepreneurship and knowledge management.
关键词
董事会外部联系/初创企业/知识溢出/技术创新Key words
board external connection/start-ups/knowledge spillover/technological innovation引用本文复制引用
基金项目
国家自然科学基金面上项目(71874009)
教育部人文社科项目(17YJA630042)
出版年
2024
NETL
NSTL
万方数据