资源与产业 ›› 2023, Vol. 25 ›› Issue (4): 116-126.DOI: 10.13776/j.cnki.resourcesindustries.20230717.002

• 非主题来稿选登 • 上一篇    下一篇

沉淀性冗余资源对我国制造业企业技术创新绩效的影响研究

许纪校,陆倩倩   

  1. (河海大学 商学院,江苏 南京 211100)
  • 收稿日期:2022-12-06 修回日期:2023-04-30 出版日期:2023-08-20 发布日期:2023-09-14
  • 通讯作者: 陆倩倩,硕士生,主要从事管理会计、财务管理研究。E-mail:2893494877@qq.com
  • 作者简介:许纪校,硕士、副教授, 主要从事管理会计、财务管理研究。 E-mail:xjx@hhu.edu.cn

IMPACTS OF DEPOSITIONAL REDUNDANT RESOURCES ON TECHNICAL INNOVATIVE PERFORMANCE OF CHINA'S MANUFACTURING ENTERPRISES

XU Jixiao, LU Qianqian   

  1. (Business School, Hohai University, Nanjing 211100, China)
  • Received:2022-12-06 Revised:2023-04-30 Online:2023-08-20 Published:2023-09-14

摘要: 制造业是实体经济的重要基础,通过制造业企业开展技术创新以实现其高质量发展,是我国制造业由大变强的关键所在,而创新资源投入又是制造业企业开展技术创新活动的基础与核心要素。为了探究沉淀性冗余资源对我国制造业企业技术创新绩效的影响作用,本文以2013—2021年我国沪深股市A股制造业上市公司为研究样本,采用固定效应模型研究了沉淀性冗余资源、股权集中度与制造业企业技术创新绩效之间的关系,同时还研究产权异质性在沉淀性冗余资源与制造业企业技术创新绩效之间发挥的影响作用。研究结果表明:1)沉淀性冗余资源与制造业企业技术创新绩效之间呈现出倒“U”型关系,即沉淀性冗余资源在达到最优临界值之前能够提高制造业企业的技术创新绩效,但沉淀性冗余资源一旦超过最优临界值之后则会降低制造业企业的技术创新绩效;2)股权集中度能够强化沉淀性冗余资源与制造业企业技术创新绩效之间的倒“U”型关系,既可以增强适度的沉淀性冗余资源对制造业企业技术创新绩效的正向促进作用,也会增强过度的沉淀性冗余资源对制造业企业技术创新绩效的负向抑制作用;3)在我国不同产权性质的制造业企业中,沉淀性冗余资源对制造业企业技术创新绩效的影响作用存在着明显差异。在非国有制造业企业中沉淀性冗余资源与技术创新绩效之间存在的倒“U”型关系,要比在国有制造业企业中沉淀性冗余资源与技术创新绩效之间存在的倒“U”型关系更为显著。 

关键词: 沉淀性冗余资源, 技术创新绩效 , 股权集中度, 制造业企业

Abstract: Manufacturing is a key basis for real economy, manufacturing enterprises technical innovation can reach a quality economic development and acts as a unique factor for China's manufacturing to be stronger. Innovative resource inputs are a critical factor for manufacturing enterprises to conduct technical innovation. This paper, for a purpose of studying impacts of depositional redundant resources on technical innovative performance of China's manufacturing enterprises, based on China's A-share manufacturing enterprises' 2013 to 2021 as research samples, uses fixed effect model to study their relationship among depositional redundant resources, ownership concentration and manufacturing enterprises' technical innovative performance, and to analyze the impacts of ownership heterogeneity on the relationship between depositional redundant resources and manufacturing enterprises' technical innovative performance. Depositional redundant resources shows a upside down “U-shaped” relation with technical innovative performance, meaning that depositional redundant resources can promote the technical innovative performance before reaching the premium critical value, but depress it after. This upside down “U-shaped” relation can be enhanced by ownership concentration. It can enhance the positive promoting effect of moderate depositional redundant resources on the technological innovation performance of manufacturing enterprises, and also enhance the negative inhibitory effect of excessive depositional redundant resources on the technological innovation performance of manufacturing enterprises. Impacts of depositional redundant resources on technical innovative performance vary with manufacturing enterprises' property rights in China with such a upside down “U-shaped” relation between depositional redundant resources and technical innovative performance in private enterprises more outstanding than in state-owned enterprises. 

Key words: depositional redundant resources, technical innovative performance, ownership concentration, manufacturing enterprises

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