摘要
选取我国上市公司2011~2016年的113起并购数据,分析企业技术并购与创新绩效的内在关系,并探讨战略匹配与技术差距的异质性调节作用。研究结论表明,无论互补性技术并购或替代性技术并购都能显著影响创新绩效,多元化战略负向调节互补性技术并购与创新绩效的关系,正向调节替代性技术并购与创新绩效的关系,专业化战略正向调节互补性技术并购与创新绩效的关系,负向调节替代性技术并购与创新绩效的关系,技术差距负向调节互补性技术并购与创新绩效的关系,正向调节替代性技术并购与创新绩效的关系。研究结果为上市公司技术并购决策提供理论依据与实践启示。
This paper selects 113 listed companies’merger data in China from 2011 to 2016 to analyze the internal relationship between enterprise technology merger and innovation performance,and explore the role of strategic matching and the heterogeneity of technology gap.The conclusion of the study shows that both the complementary and alternative technology mergers and acquisitions can significantly affect innovation performance.Diversification strategy negatively regulate the relationship between complementary technology acquisition and innovation performance,and positively regulate the relationship between alternative technology acquisition and innovation performance;specialization strategy positively regulate the relationship between complementary technology acquisition and innovation performance,and negatively adjust the relationship between alternative technology acquisition and innovation performance;technology gap between negatively regulate the relationship between complementary technology acquisition and innovation performance,and positively regulate the relationship between alternative technology acquisition and innovation performance.The research results provide theoretical basis and practical enlightenment for the listed companies’technology acquisition decisions.
作者
屈晶
QU Jing(Huanghuai University,Henan Zhumadian 463000,China)
出处
《科学管理研究》
CSSCI
北大核心
2019年第2期122-126,共5页
Scientific Management Research
基金
河南省社会科学规划项目(2018BJJ037)
关键词
技术并购
创新绩效
战略匹配
技术差距
technology acquisition
innovation performance
strategic matching
technology gap
