從代理理論的角度，董事會主要職能分為監督與諮詢兩大功能，過去公司治理改革著重於提升董事會之監督效果，而忽略諮詢效果可能會使得獨立董事，因管理階層提供特定資訊，而干預管理決策，進而阻礙資訊傳遞。友善董事會經常被視為是軟弱且對管理階層過於友好，然而Kang et al. (2018)之研究結果指出友善董事會提高了董事會的諮詢效果，進而提高企業創新及企業價值。董事會特性有助於監督管理層的決策制訂過程，確保決策的執行效果，因此董事會特性亦會影響企業之創新活動。
本研究以2006年至2020年台灣上市上櫃之資訊電子業公司為研究對象，以公司研發費用率作為企業創新之代理變數，資料來源取自台灣經濟新報社資料庫及年報資訊。實證結果發現，電子業之董事會友善性代理變數董事長與總經理兼任比例愈高，能有助於企業間資訊的流通，促進企業創新；電子業之董事其獨立性較高，能有效提升管理監督之職責，提升企業創新；電子業董事會專業性愈高，企業創新愈低；電子業之董事其任期若高於平均值會使企業創新提高；電子業之董事具有高知識學歷，能輔佐企業在諮詢及想法方面，能增進企業創新之活動。
From the perspective of agency theory, the main functions of the board of directors are divided into two major functions: supervision and consultation. In the past, corporate governance reforms focused on improving the supervision effect of the board of directors, while ignoring the effect of consultation may cause independent directors to interfere with management decision-making because the specific information provided by management, thereby hindering the transfer of information. Friendly boards are often seen as weak and too friendly to management, however, Kang et al. (2018) found that friendly boards improved board advisory effectiveness, which in turn to increase corporate innovation and corporate value. The characteristics of the board of directors can help supervise the decision-making process of the management and ensure the implementation of the decision-making effect. Therefore, the characteristics of the board of directors will also affect the innovation activities of the enterprise.
This research takes the listed electronic companies in Taiwan from 2006 to 2020 as the research object and uses the company's R&D expense rate as the proxy variable for corporate innovation. The empirical results show that the higher the proportion of the chairman of the board of directors who is also the general manager can help the circulation of information among enterprises and promote enterprise innovation; the independence of directors in the electronic industry is higher, which can effectively improve management supervision. The higher the professionalism of the board of directors in the electronic industry, the lower the innovation of the enterprise; the tenure of directors in the electronic industry is higher than the average, the innovation of the enterprise will be improved; the higher the education of the board of directors in the electronic industry, the higher the innovation of the enterprise.
