Director Relationship Network, Industry-University-Research Collaboration and Enterprise Digital Technology Innovation

随着世界经济全球化、信息化的深入发展，董事关系网络越来越成为影响当前企业间联系的重要因素。企业数字技术创新是促进当前企业高质量发展和推动社会经济进步的关键驱动力。产学研合作优化了技术研发与生产之间的协作模式，在促进企业技术创新领域的作用日益凸显。那么董事关系网络能否促进企业数字技术创新？其中的作用路径又有哪些？产学研合作能否正向调节董事关系网络对企业数字技术创新的促进作用呢？本文以2011~2021年我国部分A股上市公司的面板数据为样本，基于社会网络理论、产业组织理论以及资源依赖理论等，通过对董事网络的进一步量化处理，研究董事网络对企业数字技术创新的影响。结果表明，董事网络有利于企业数字技术创新。进一步，本文发现董事关系网络通过增加企业研发投入水平、缓解资本错配程度，进而企业的促进数字技术创新发展。并且，开展产学研合作的企业，其董事关系网络对数字技术创新的促进作用会更明显，该结论阐释了产学研合作发挥了重要的调节作用。研究还发现，在非国有企业和高新技术企业中，董事关系网络对企业数字技术创新的提升作用更明显。With the in-depth development of globalization and informatization of the world economy, the director relationship network has increasingly become an important factor affecting the current relationship between enterprises. Enterprise digital technology innovation is the key driving force to promote the current high-quality development of enterprises and promote social and economic progress. Industry-university-research cooperation optimizes the cooperation mode between technology research and development and production, and plays an increasingly prominent role in promoting enterprise technology innovation. Can the director relationship network promote enterprise digital technology innovation? What are the action paths? Can industry-university-research cooperation positively regulate the role of director relationship network in promoting enterprise digital technology innovation? Based on the panel data of some A-share listed companies in China from 2011 to 2021, and based on the social network theory, industrial organization theory and resource dependence theory, this paper studies the impact of director network on enterprise digital technology innovation through further quantitative processing of director network. The results show that the director network is conducive to enterprise digital technology innovation. Further, this paper finds that the director relationship network can promote the development of digital technology innovation by increasing the level of R&D investment and alleviating the degree of capital mismatch. Moreover, for enterprises that carry out industry-university-research cooperation, the role of director relationship network in promoting digital technology innovation will be more obvious. This conclusion explains that industry-university-research cooperation plays an important regulatory role. The study also found that in non-state-owned enterprises and high-tech enterprises, the role of director relationship network in promoting enterprise digital technology innovation is more obvious.