二元性创新平衡、价值网络交易集中度与制造企业绩效

Ambidexterity of Exploratory and Exploitative Innovations,Transaction Concentration in the Industrial Value Network and Performance of Manufacturing Firms

利用我国沪深股市120家制造企业2010—2015年间的面板数据,采用系统GMM模型分析二元创新平衡、价值网络内交易集中度与企业绩效的内在联系。结果表明:我国上市制造企业存在二元创新平衡,相对探索式创新导向与企业绩效呈倒U型关系,二元创新平衡时企业绩效最大;制造企业的交易集中度包含供应商集中度和客户集中度,其中,供应商集中度并不显著调节相对探索式创新导向与企业绩效间的关系,而客户集中度显著正向调节相对探索式创新导向与企业绩效间的关系。

Based on the panel data of 120 Chinese list manufacturing firms during 2010-2015,using system GMMmodels,this paper discusses the relationship between ambidexterity of exploratory and exploitative innovations,transaction concentration in industrial value network and firm performance. The results showthat there is an inverted U-shaped relationship between the relative share of explorative orientation and firm performance,and enterprises performance is best when Chinese list manufacturing firms have binary innovation balance. This relationship is not significantly affected by the purchasing concentration of manufactory enterprises,while significantly and positively affected by the selling concentration of manufacturing firms. Therefore,in order to get the superior performance,manufacturing firms should balance exploration and exploitation activities,and actively utilize selling concentration rate to improve the relative share of explorative orientation.