摘要
基于前景理论和企业行为理论将历史绩效和行业绩效连续时期的反馈相关性引入创新战略研究,进一步细化多重绩效反馈与研发创新的关系研究。利用2007—2018年A股上市高科技制造业企业数据进行实证研究,结果表明:第一,企业双重绩效反馈相关性与企业研发投入具有正U形关系,一致反馈和不一致反馈可能增强研发投入,双重绩效模糊反馈则可能削弱企业研发投入;第二,绩效一致反馈包含了一致顺差和一致逆差两种情况,相较于一致逆差,一致顺差越高更可能削弱企业研发投入;第三,与国有企业相比,非国有企业对双重绩效变动更为敏感,能引发更强的创新动机。
Based on the perspective theory and the firm behavior theory,this paper introduces the feedback correlation within a continuous period between historical performance and industrial performance into the innovation strategy research,and further refines the research on the relationship between multiple performance feedback and R&D investment.Using the data of A-share listed high-tech manufacturing companies from 2007-2018,the empirical research shows that:first,the multiple performance feedback and R&D investment of the enterprises has a U-shaped relationship,which means that both the consistent feedback and the inconsistent feedback are more likely to increase the R&D investment,while the ambiguous feedback is more likely to lower the R&D investment.Second,the consistent performance feedback includes two cases:consistently above aspiration and consistently below aspiration.Compared to consistently below aspiration,for consistently above aspiration,the higher the performance feedback is,the more likely for the enterprise to lower the R&D investment.Third,the non-state-owned enterprises are more sensitive to the changes in multiple performance and also have a stronger incentive to innovation than the state-owned enterprises.
作者
朱桂龙
邱榕新
ZHU Gui-long;QIU Rong-xin(School of Business Administration,South China University of Technology,Guangzhou 510641,Guangdong,China)
出处
《华南理工大学学报（社会科学版）》
2021年第1期23-34,共12页
Journal of South China University of Technology(Social Science Edition)
基金
国家自然科学基金重点项目“以科技产业为导向的粤港澳大湾区国际科技创新中心形成机制研究”(U1901222)。
关键词
双重绩效反馈
一致反馈
不一致反馈
模糊反馈
研发投入
企业创新
multiple performance feedback
consistent feedback
inconsistent feedback
ambiguous feedback
R&D investment
enterprises innovation
