Research On The Influence Mechanism Of Board Regional Cultural Diversity On Enterprise Technology Innovation

Innovation is the core element of an enterprise's invincibility in a fiercely competitive market,and it is a key way for an enterprise to maintain its competitive advantage.The board of directors,as the company's high-level decision-making body,is the core of corporate governance.It carries the functions of strategy formulation,providing innovative solutions,and obtaining external information,which directly affect the formulation of corporate innovation strategies and operational decisions.In the process of innovation,the decisions made by the board of directors are affected by factors such as their way of thinking,personality characteristics,and behavioral habits.They trace their roots,and the root culture has the most ingrained influence on people.Therefore,how to explore the effect and mechanism of the board of directors on the technological innovation of the company from the different characteristics of the regional cultural background of the members,so as to effectively promote the technological innovation of the company is of vital importance.Through the RESSET database,CSMAR database,and Juchao Information Network,the characteristics of board members and related corporate financial data of 561 listed companies in the 561 manufacturing A-share main board markets of Shanghai and Shenzhen from 2013 to 2017 were collected as research samples.From the perspective of members 'regional differences,construct the board of directors' regional cultural diversity,corporate R & D investment,R & D output,and R & D efficiency.Combining high-level theory,social identity theory,team conflict theory,innovation resource theory,and cost stickiness theory,etc.,after a large amount of literature reading,put forward research hypotheses,and construct a multiple regression model.Use Stata15 to conduct empirical tests on the research hypotheses.Verify the impact of the board's regional cultural diversity on the company's technological innovation input,output,and efficiency,and how the relevant impact will occur in different scenarios,such as the average education level of board members,the nature of the company's ownership,and the level of development of the company's region Variety.The research results show that although the regional cultural diversity of the board of directors has increased the intensity of R & D investment of enterprises,it has shown a certain degree of inhibitory effects in terms of research and development output and research efficiency.In addition,the inhibitory effect of regional cultural diversity of the board of directors has Board members will be further strengthened in the case of high average education,but weakened in the case of private enterprises or developed regions.Based on the above conclusions,this study believes that the regional cultural diversity of board members may lead to corporate decision conflicts,over-investment,inefficient allocation of resources,and overloading of corporate capabilities.Under the constraints of limited resources,the company's innovation output and innovation efficiency May have adverse effects.This means that diversity may indeed lead to a decrease in the efficiency of resource allocation.This result is undoubtedly of great significance for the study of board diversity.The research results explore the effect of the characteristics of the board of directors on corporate technological innovation and its mechanism from a cultural perspective.Not only is it helpful to clarify the impact mechanism and related effects of culture on corporate technological innovation,but it also enriches and develops current research on corporate innovation based on advanced theory.Higher theoretical value and practical significance.