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Abstract The data of manufacturing listed companies during the period of 2010 to 2012 was collected as a sample for empirical analysis. By making a model of board social capital, the effect of board social capital on R&D investment, and the influence of the leadership structure of enterprise R&D were examined. The regression results show that the board of directors of social capital has positive role to the enterprise R&D investment, and when the leadership of board of directors joining together, the effect is stronger. Therefore, the joining together of two post by the board of directors interaction is one of the important factors to promote enterprise R&D.
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Received: 13 November 2014
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2015, Vol. 12 
