Research on the Pertinence Between the Identity Characteristics of Independent Directors and Enterprise Innovation

Abstract

The independent director system has multi aspect influence on enterprises.For public corporations, the connection between the independent director system and the capacity fro innovation of businesses is on of them. Take the state-owned enterprise in Chinese A stock market in Shanghai and Shenzhen from China between 2016 and 2021 as a research sample. This paper uses the basic econometric model to find the correlation between three factors include age, education background and whether independent directors are multiple identities and enterprise innovation through studying enterprise input and output and the number of patents. According to the study, an enterprise's capacity for innovation is favorably correlated with the age of its independent directors. Additionally, the educational experience of independent administrators has a favourable impact on the innovative capacity of an organization. The ability of businesses to innovate is favorably correlated with the identities of several independent directors.