知识资本视角下企业成长路径研究——以科技型中小企业为例

Research on the Enterprise Growth Path from the Perspective of Intellectual Capital——A Case Study of High-tech SMEs

基于科技型中小企业成长的特点,文章将人力资本与技术资本涵盖于知识资本的范畴,构建了影响科技型中小企业演化路径的指标体系,并且首次运用混合截面数据对科技型中小企业知识资本与企业演化路径的关系进行了实证研究。分析结果表明:在满足一定条件下,人力资本与企业成长路径变迁之间为正相关关系,其中,研发人员比例具有显著的经济意义。同时,R&D投入对企业倾向于跳跃式突变成长有显著的正向影响,而非R&D投入与之存在负相关关系,但在控制了行业特征之后,传统制造业R&D投入效果较之高科技行业更为显著,这一结果从另一侧面说明了行业特征对企业演化路径和策略选择的重要性。另外,我国科技型中小企业成长路径选择中不存在区域比较优势。

Based on the growth characteristics of high-tech SMEs,with the intellectual capital encompassing the human capital and technology capital,this paper has built an index system of the growth path of high-tech SMEs.For the first time the writers use the panel data for an empirical study of the relationship between high-tech SMEs intellectual capital and business growth path.Research results show that： there is the positive correlation between human capital and enterprise growth path changes,in which the proportion of researchers has significant economic implications.At the same time,the RD investment has significant positive effects on enterprises leaping growth,and negative correlation with the growth path.With the industry characteristics under control,RD investment is more significant in traditional manufacturing industries,which shows the importance of the industry characteristics on high-tech SMEs growth path.In addition,the so-called regional comparative advantage does not exist in the growth path of high-tech SMEs.