| Report of the Eighteenth National Congress clearly pointed out that scientific and technological innovation provides strategic support for raising the productive forces and boosting the overall national strength, and we must give it top priority in overall national development. Hi-tech startups as the important carrier of technological innovation, improving the technological innovation dynamic capability and fostering sustainable innovation mechanism are the key to its survival and healthy growth in the complex and intense competition. At present, lack of technological innovation dynamic capability and slowly growth is common in China’s hi-tech startups.As the core of corporate governance mechanisms and the potential source of creative minds, the boards have an important impact on the technological innovation dynamic capability and enterprise growth. However, both domestic and foreign studies on the mechanism among board cognition characteristic, technological innovation dynamic capability and enterprise growth are sorely lacking.First, the paper reviews domestic and foreign literatures about ―boards——enterprise growth‖, in addition, defines the concepts and expounds the relevant theories.Second, based on the literatures and theories, the paper analyzes the relationship between board cognition characteristic, technological innovation dynamic capability and enterprise growth and proposes the hypotheses.Again, the paper introduces the data source and variable design, and then builds the econometric model. The research uses enterprise growth as explained variable, and uses board cognition characteristics(functional backgrounds, industrial backgrounds and education level) as explanatory variables, while adding technological innovation dynamic capability as intermediary variable and CEO power as the moderator. Then, the research uses SPSS19.0 statistical software to conduct empirical research and gets the empirical results.Finally, according to the empirical results of this analysis, this paper puts forward suggestions about selecting board members, allocating CEO power and improving technological innovation dynamic capability, so as to provide a reference for the hi-tech startups in China grow healthily. |
