系统管理学报

系统管理学报 ›› 2023, Vol. 32 ›› Issue (6): 1270-1282.DOI: 10.3969/j.issn.1005-2542.2023.06.011

• 技术管理与创新管理 • 上一篇    下一篇

公共创新政策更有利于成熟期企业创新？——一个A股上市公司的实证

李苗苗1，郝兆兴1，孙玉涛2，曹桂坤1   

  1. 1.青岛大学商学院，山东 青岛 266071；2.大连理工大学 经济管理学院，辽宁 大连 116024
  • 收稿日期:2022-08-25 修回日期:2022-11-14 出版日期:2023-11-28 发布日期:2023-12-01
  • 基金资助:

    国家社会科学基金重大项目（20&ZD074）

Are Public Innovation Policies More Conducive to Innovation of Mature Enterprises: Evidence from an A-Share Listed Enterprise

LI Miaomiao1, HAO Zhaoxing1, SUN Yutao2, CAO Guikun1   

  1. 1.School of Business, Qingdao University, Qingdao 266071, Shandong, China; 2. School of Economics and Management, Dalian University of Technology, Dalian 116024, Liaoning, China
  • Received:2022-08-25 Revised:2022-11-14 Online:2023-11-28 Published:2023-12-01

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摘要：

以2012~2017年1 694家A股上市企业为研究样本，分析了公共创新政策对处于不同生命周期阶段企业创新绩效的影响，并进一步利用分组回归的方法探讨了国有控股的调节效应。研究表明：公共创新政策对我国上市企业创新绩效具有显著激励效应，但并未形成协同激励效应；公共创新政策对成长期企业创新绩效具有协同激励效应，对成熟期企业创新绩效的协同激励效应不显著，但对衰退期企业创新绩效具有排斥效应。研究还发现，国有控股对公共创新政策组合与成长期、成熟期企业创新绩效关系具有显著调节作用。

关键词:

政策组合, 协同效应, 调节效应, 生命周期, 上市公司

Abstract:

This paper explored the effect of public innovation policy on the innovation performance of enterprises at different life cycle stages, using 1694 A-share listed enterprises from 2012 to 2017, and further explored the moderating effect of state-owned holdings using group regression. The result shows that the public innovation policy has a significant incentive effect on the innovation performance of Chinese listed enterprises, but it does not have a synergistic incentive effect. The public innovation policy has a synergistic incentive effect on the innovation performance of enterprises in the growing stage and a statistically insignificant synergistic incentive effect on the innovation performance of enterprises in the mature stage, but it has a repulsion effect on the innovation performance of enterprises in the declining stage. The result also shows that state-controlling has a significant moderating effect between public innovation policy synergy and the innovation performance of enterprises in the growing and mature stage.

Key words:

policy mix, synergistic effect, moderating effect, life cycle, listed enterprises

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