摘要
研发投入波动是一个具有争议的信号,与组织绩效的关系也有待进一步研究。本文从间断式平衡的收益和风险视角,以2007-2015年867家中国A股上市公司面板数据为样本,分析并检验了研发投入跳跃对组织绩效的影响。研究表明,研发投入跳跃并非越高越好,跳跃幅度与组织绩效呈倒U型关系。此外,组织吸收能力和组织所在行业的技术动态性对研发投入跳跃与绩效的关系存在调节作用,即吸收能力越强的组织越有能力在探索式研发与利用式研发之间顺利转换,转换的风险和成本越低;组织所在的行业技术动态性越高,组织进行探索与利用转换的收益越大。该研究结果对组织实施积极的研发管理以提高组织绩效,具有重要的理论和实践意义。
R＆D investment is an important mechanism for organiza- tions to sustainably achieve competitive advantage; but a high level of investment does not necessarily lead to a high level of good per- formance, because the cost of investment maybe huge, the duration maybe long, and the failure rate of R＆D maybe high, etc. Although most of the extant literature focus on the level of R＆D investment, there are still other researchers realizing the importance of R＆D investment variation. However, R＆D investment volatility is a controversial signal, and its relationship with organizational perfor- mance remains to be further studied. Following this research stream, our study discusses the R＆D investment from the perspective of exploration and exploitation theory and regards the transformation between exploration and exploitation as a leap of organizational R＆D investment. Furthermore, our study investigates into the relationship between this leap and the performance of organizations. Thus, using an unbalanced panel of 5715 firm-years of 867 Chinese listed firms from 2007 to 2015, we show that the amplitude of R＆D investment volatility is not always the higher the better, but has an inverted U relationship with organizational performance. This means that R＆D based innovation shift not only can help organizations to both explore the new opportunities and exploit the existing certainties, but can also bring in risks and costs because of the swift organizational change. At the same time, it also means that the risks increase faster with the R＆D leap amplitude than the benefits of ambidexterity; when it pass- es the turning point, the risks and costs of explorative and exploitative shift will exceed the benefits of organizational ambidexterity, thus reducing the organizational performance. In addition, this special relationship is moderated both by the industry technological dyna- mism and by organizational absorptive capability, which means that the higher the organizational absorptive capability, the more smo
作者
贾慧英
王宗军
曹祖毅
Jia Huiying;Wang Zongjun;Cao Zuyi(School of Management, Huazhong University of Science and Technology;College of Economics ＆ Management, Huazhong Agricultural University)
出处
《南开管理评论》
CSSCI
北大核心
2018年第3期130-141,共12页
Nankai Business Review
基金
中央高校基本科研业务费资助(2016AB030)
中央高校基本科研业务费专项基金(2662017QD012)资助
关键词
研发投入跳跃
间断式平衡
组织吸收能力
技术动态性
R＆D Investment Volatility
Punctuated Equilibrium
Organizational Absorptive Capability
Industry Technological Dynamism
