创新平衡模式选择与企业绩效:技术多样性与财务冗余的作用

Innovative Balance Mode Choice and Firm Performance:The Role of Technological Diversity and Financial Redundancy

近年来,企业如何选择创新平衡模式引起学者关注。本研究以资源基础理论为基础,实证检验技术多样性与财务冗余对创新平衡模式选择的作用,采用深沪证券交易所A股上市公司制造业中的高新技术企业2013-2016年的数据来验证假设。结果表明:创新平衡模式正向影响企业绩效;技术多样性程度高的企业选择双元创新模式能够获得比间断平衡模式更高的企业绩效;同样,在财务冗余度高的情况下,企业选择双元创新模式更为有利,在财务冗余度低的情况下,选择间断平衡模式可以获得更高的企业绩效。

In recent years,how to choose innovative balance mode attracts scholars attention. Based on RBV, this paper discusses the influence of technological diversity and financial redundancy on the choice of innovative balance mode. The data from 679 high-tech companies in the manufacturing sector from A stock market of China is used to examine our hypotheses.The results show that: the innovation balance mode positively affects the enterprise performance;the enterprises with high degree of technological diversity choose ambidexterity model to obtain the higher enterprise performance rather than punctuated equilibrium model;similarly, in the situation of high financial redundancy,ambidexterity model is more favorable;in the case of low financial redundancy, discontinuous equilibrium model can get higher business performance.