A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention

Zheng Yong; Lai Anqi; Rongrong Lin; Yong Hu

doi:doi:10.11648/j.jfa.20210906.16

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A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention

Zheng Yong, Lai Anqi, Rongrong Lin, Yong Hu

Published in Journal of Finance and Accounting (Volume 9, Issue 6)

Received: 26 May 2021 Accepted: 4 October 2021 Published: 29 November 2021

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Abstract

Independent director system plays a unique role in increasing the diversity of board members and increasing a company's intellectual capital. Based on prospect theory and signal theory, the media can also be considered to change the reputation level of independent directors on the board of directors of listed companies by disclosing relevant information about them and company operations. Moreover the media attention can not only accelerate the dissemination and promotion of knowledge and information, but also weaken the competitiveness of companies, reduce the value of companies, and then weaken their enthusiasm to invest in innovative projects This paper takes listed companies in the Chinese information technology industry from 2012 to 2017 as the research object and uses the multiple linear regression method to model the relationship between technical independent directors and enterprise innovation under the attention of the media. It is found that the technical independent director plays a positive role in consulting, supervising and strategic decision-making, which can improve the company’s innovation performance. At the same time, media attention weakens the positive impact of technology independent directors on enterprise innovation. The outcomes improve our understanding of the role of media in enterprise innovation and provide a new perspective and reference value for the construction of independent director systems and enterprise innovation.

Published in	Journal of Finance and Accounting (Volume 9, Issue 6)
DOI	10.11648/j.jfa.20210906.16
Page(s)	258-267
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Technical Independent Director, Enterprise Innovation, Media Attention

References

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APA Style

Zheng Yong, Lai Anqi, Rongrong Lin, Yong Hu. (2021). A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention. Journal of Finance and Accounting, 9(6), 258-267. https://doi.org/10.11648/j.jfa.20210906.16

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ACS Style

Zheng Yong; Lai Anqi; Rongrong Lin; Yong Hu. A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention. J. Finance Account. 2021, 9(6), 258-267. doi: 10.11648/j.jfa.20210906.16

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AMA Style

Zheng Yong, Lai Anqi, Rongrong Lin, Yong Hu. A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention. J Finance Account. 2021;9(6):258-267. doi: 10.11648/j.jfa.20210906.16

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@article{10.11648/j.jfa.20210906.16,
  author = {Zheng Yong and Lai Anqi and Rongrong Lin and Yong Hu},
  title = {A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention},
  journal = {Journal of Finance and Accounting},
  volume = {9},
  number = {6},
  pages = {258-267},
  doi = {10.11648/j.jfa.20210906.16},
  url = {https://doi.org/10.11648/j.jfa.20210906.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20210906.16},
  abstract = {Independent director system plays a unique role in increasing the diversity of board members and increasing a company's intellectual capital. Based on prospect theory and signal theory, the media can also be considered to change the reputation level of independent directors on the board of directors of listed companies by disclosing relevant information about them and company operations. Moreover the media attention can not only accelerate the dissemination and promotion of knowledge and information, but also weaken the competitiveness of companies, reduce the value of companies, and then weaken their enthusiasm to invest in innovative projects This paper takes listed companies in the Chinese information technology industry from 2012 to 2017 as the research object and uses the multiple linear regression method to model the relationship between technical independent directors and enterprise innovation under the attention of the media. It is found that the technical independent director plays a positive role in consulting, supervising and strategic decision-making, which can improve the company’s innovation performance. At the same time, media attention weakens the positive impact of technology independent directors on enterprise innovation. The outcomes improve our understanding of the role of media in enterprise innovation and provide a new perspective and reference value for the construction of independent director systems and enterprise innovation.},
 year = {2021}
}

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TY  - JOUR
T1  - A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention
AU  - Zheng Yong
AU  - Lai Anqi
AU  - Rongrong Lin
AU  - Yong Hu
Y1  - 2021/11/29
PY  - 2021
N1  - https://doi.org/10.11648/j.jfa.20210906.16
DO  - 10.11648/j.jfa.20210906.16
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 258
EP  - 267
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20210906.16
AB  - Independent director system plays a unique role in increasing the diversity of board members and increasing a company's intellectual capital. Based on prospect theory and signal theory, the media can also be considered to change the reputation level of independent directors on the board of directors of listed companies by disclosing relevant information about them and company operations. Moreover the media attention can not only accelerate the dissemination and promotion of knowledge and information, but also weaken the competitiveness of companies, reduce the value of companies, and then weaken their enthusiasm to invest in innovative projects This paper takes listed companies in the Chinese information technology industry from 2012 to 2017 as the research object and uses the multiple linear regression method to model the relationship between technical independent directors and enterprise innovation under the attention of the media. It is found that the technical independent director plays a positive role in consulting, supervising and strategic decision-making, which can improve the company’s innovation performance. At the same time, media attention weakens the positive impact of technology independent directors on enterprise innovation. The outcomes improve our understanding of the role of media in enterprise innovation and provide a new perspective and reference value for the construction of independent director systems and enterprise innovation.
VL  - 9
IS  - 6
ER  -

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Author Information

Zheng Yong

Institute of Advanced Studies in Humanities and Social Sciences, Beijing Normal University at Zhuhai, Zhuhai, China
Lai Anqi

International Business Faculty, Beijing Normal University at Zhuhai, Zhuhai, China
Rongrong Lin

International Business and Management Research Center, Beijing Normal University at Zhuhai, Zhuhai, China
Yong Hu

Institute of Advanced Studies in Humanities and Social Sciences, Beijing Normal University at Zhuhai, Zhuhai, China

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Plain Text BibTeX RIS

APA Style

Zheng Yong, Lai Anqi, Rongrong Lin, Yong Hu. (2021). A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention. Journal of Finance and Accounting, 9(6), 258-267. https://doi.org/10.11648/j.jfa.20210906.16

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ACS Style

Zheng Yong; Lai Anqi; Rongrong Lin; Yong Hu. A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention. J. Finance Account. 2021, 9(6), 258-267. doi: 10.11648/j.jfa.20210906.16

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AMA Style

Zheng Yong, Lai Anqi, Rongrong Lin, Yong Hu. A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention. J Finance Account. 2021;9(6):258-267. doi: 10.11648/j.jfa.20210906.16

Copy | Download

@article{10.11648/j.jfa.20210906.16,
  author = {Zheng Yong and Lai Anqi and Rongrong Lin and Yong Hu},
  title = {A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention},
  journal = {Journal of Finance and Accounting},
  volume = {9},
  number = {6},
  pages = {258-267},
  doi = {10.11648/j.jfa.20210906.16},
  url = {https://doi.org/10.11648/j.jfa.20210906.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20210906.16},
  abstract = {Independent director system plays a unique role in increasing the diversity of board members and increasing a company's intellectual capital. Based on prospect theory and signal theory, the media can also be considered to change the reputation level of independent directors on the board of directors of listed companies by disclosing relevant information about them and company operations. Moreover the media attention can not only accelerate the dissemination and promotion of knowledge and information, but also weaken the competitiveness of companies, reduce the value of companies, and then weaken their enthusiasm to invest in innovative projects This paper takes listed companies in the Chinese information technology industry from 2012 to 2017 as the research object and uses the multiple linear regression method to model the relationship between technical independent directors and enterprise innovation under the attention of the media. It is found that the technical independent director plays a positive role in consulting, supervising and strategic decision-making, which can improve the company’s innovation performance. At the same time, media attention weakens the positive impact of technology independent directors on enterprise innovation. The outcomes improve our understanding of the role of media in enterprise innovation and provide a new perspective and reference value for the construction of independent director systems and enterprise innovation.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - A Study on the Relationship Between Technical Independent Directors and Enterprise Innovation Under Media Attention
AU  - Zheng Yong
AU  - Lai Anqi
AU  - Rongrong Lin
AU  - Yong Hu
Y1  - 2021/11/29
PY  - 2021
N1  - https://doi.org/10.11648/j.jfa.20210906.16
DO  - 10.11648/j.jfa.20210906.16
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 258
EP  - 267
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20210906.16
AB  - Independent director system plays a unique role in increasing the diversity of board members and increasing a company's intellectual capital. Based on prospect theory and signal theory, the media can also be considered to change the reputation level of independent directors on the board of directors of listed companies by disclosing relevant information about them and company operations. Moreover the media attention can not only accelerate the dissemination and promotion of knowledge and information, but also weaken the competitiveness of companies, reduce the value of companies, and then weaken their enthusiasm to invest in innovative projects This paper takes listed companies in the Chinese information technology industry from 2012 to 2017 as the research object and uses the multiple linear regression method to model the relationship between technical independent directors and enterprise innovation under the attention of the media. It is found that the technical independent director plays a positive role in consulting, supervising and strategic decision-making, which can improve the company’s innovation performance. At the same time, media attention weakens the positive impact of technology independent directors on enterprise innovation. The outcomes improve our understanding of the role of media in enterprise innovation and provide a new perspective and reference value for the construction of independent director systems and enterprise innovation.
VL  - 9
IS  - 6
ER  -

Copy | Download