Technical Independent Directors With University Background And Technological Innovation Of Enterprises

Since the national innovation driven development strategy outline was issued in 2016,more and more small and medium-sized enterprises have realized that technological innovation is necessary to occupy the commanding heights of the national economy and enhance their core competitiveness.At present,China’s economy is facing a more severe external environment,it is more difficult for enterprises to obtain external resources,and there is a stronger demand for China’s top talents.Therefore,China pays more and more attention to the cultivation of science and engineering talents,encourages the development of high-end manufacturing industry,and solves the "neck" problem in China’s current development.However,an important problem faced by Chinese enterprises is that they want to innovate but can’t hire high-end technical talents with high salaries,Lack of access to scarce external resources and stagnation of innovation activities.The network relationship and professional technical knowledge of the group of technical independent directors in Colleges and universities can bring innovation resources to enterprises.At the same time,the characteristics of independent directors enable them to find unreasonable places in the R & D investment of enterprises,so as to correctly guide the innovation direction of enterprises and promote the progress of innovation projects.Therefore,I believe that technical independent directors in Colleges and universities can significantly improve the technological innovation of enterprises.And in companies with different ownership types and different R & D investment,the impact of technical independent directors of colleges and universities on enterprise technological innovation is different.However,so far,Chinese scholars have not paid enough attention to this problem,and the literature on the relationship between the two is very few.According to statistics,among the listed companies in the high-tech industry,the proportion of companies with technical independent directors of colleges and universities is no more than 50%.This shows that enterprises do not have enough understanding of the role of technical independent directors in Colleges and universities,so it also highlights the importance of research.Therefore,according to the classification of industries by the CSRC in 2012,this paper is based on the panel data of Listed Companies in seven high-tech industries from 2013 to 2019,including software and information technology service industry,Internet and related services,pharmaceutical manufacturing industry,chemical raw materials and chemical products manufacturing industry,instrument manufacturing industry,computer communication and other electronic equipment manufacturing industry,and scientific research and technology service industry,This paper empirically tests the relationship between the two from the setting and age of technical independent directors in Colleges and universities,further groups all samples according to the level of enterprise R & D investment and the nature of enterprise ownership,draws relevant conclusions on this basis,and puts forward suggestions on the employment of independent directors in high-tech industries.The results show that there is an obvious positive relationship between the setting of technical independent directors in Colleges and universities and the technological innovation of the company.At the same time,the older the age of technical independent directors in Colleges and universities,the greater the impact on the technological innovation of the company.Among the companies with high R & D investment,the impact of technical independent directors in Colleges and universities on the innovation of the company is greater than that of the companies with low R & D investment,At the same time,the age of technical independent directors in Colleges and universities has a less positive impact on enterprise innovation in high R & D investment companies than that in low R & D investment companies.The setting of technical independent directors in Colleges and universities has a greater impact on the technological innovation of state-owned enterprises than that of non-state-owned enterprises.The age of technical independent directors in Colleges and universities has a greater positive impact on the technological innovation of state-owned enterprises than that of non-state-owned enterprises.