对外直接投资对创新绩效的影响——基于动态整合能力的倒U型调节效应
The Impact of OFDI on Innovation Performance——Inverted U-shaped Regulation Effect Based on Dynamic Integration Capabilities
汪舒明蕊 1齐明1
作者信息
- 1. 中国石油大学(北京) 经济管理学院,北京 102249
- 折叠
摘要
在全球经济一体化和"大众创业、万众创新"的大背景下,我国上市公司的创新意识和创新能力不断增强.而上市公司如何通过对外直接投资影响企业创新绩效具有重要研究价值.基于此,本文通过我国 2007-2020 年 2123 家上市公司数据,使用双重差分法实证检验上市公司对外直接投资对创新绩效的影响及动态整合能力的影响机制.研究结果发现:上市公司对外直接投资对企业创新绩效有显著的正向影响,且这种正向作用存在动态性与持续性,并会受到所有制性质、地区、行业的影响.并且,企业动态整合能力在对外直接投资与创新绩效的关系中起到倒U型调节作用,但在动态整合能力强与动态整合能力弱的公司出现影响机制的差异性.据此,分别从政府管理创新成果与公司强化动态整合能力方面提出相关可行建议.
Abstract
In the context of global economic integration and"mass entrepreneurship and innova-tion",the innovation awareness and capability of listed companies in China have been enhanced.And how listed companies affect corporate innovation performance through OFDI has important research value.Based on the data of 2123 listed companies in China from 2007 to 2020,we examined the impact of OFDI on innovation performance and the mechanism of dynamic integration capability of listed companies using the double difference method.The results found that:OFDI by listed compa-nies has a significant positive impact on the innovation performance of enterprises,and this positive effect exists dynamically and persistently,and will be affected by the nature of ownership,region and industry.In addition,the dynamic integration ability of companies plays an inverted U-shaped moder-ating role in the relationship between OFDI and innovation performance,but the effect is stronger in companies with strong dynamic integration ability than in companies with weak dynamic integration ability.Moreover,the dynamic integration capability of firms plays an inverted U-shaped moderating role in the relationship between OFDI and innovation performance,but the mechanism of influence differs between firms with strong and weak dynamic integration capability.Finally,feasible sugges-tions are put forward in terms of government management innovation outcomes and firms'strength-ening of dynamic integration capability.
关键词
对外直接投资/创新绩效/双重差分法/倒U型调节效应Key words
OFDI/Innovation performance/Difference in difference/Inverted U-shaped moderat-ing effect引用本文复制引用
基金项目
国家社会科学基金面上项目(20BJY233)
出版年
2024
NETL
NSTL
万方数据