中医药企业复杂环境中创新速度与企业价值互动机制研究

Research on the Interaction Mechanism of Innovation Speed and Enterprise Value in Complex Environment of Chinese Medicine Enterprises

在国家“大健康”政策的扶持下,中医药企业的发展迎来大好时期。同时,在疾病发展速度不断加快的复杂环境下,中医药企业创新速度的加快尤为关键。选取我国2014—2018年34家中医药上市企业的面板数据,采用固定效应模型来分析中医药企业创新速度与企业价值之间的互动机制。研究结果表明,中医药企业的创新速度与企业价值之间显著正相关,创新速度的提高带动了企业价值的提升。同时,中医药企业的创新速度与企业价值之间呈倒U型曲线关系。对此,提出中医药企业应以协同创新等思路有效地加快创新速度的对策。

With the support of the national“great health”policy,the development of traditional Chinese medicine ushered in a good period.At the same time,in the complex environment of rapid change of human disease map,the improvement of innovation speed of traditional Chinese medicine is particularly critical.Based on the panel data of 34 listed Chinese medicine enterprises in 2014—2018,the fixed effect model is used to analyze the interaction mechanism between innovation speed and enterprise value of Chinese medicine enterprises.The results show that there is a significant positive correlation between the innovation speed of Chinese medicine enterprises and the enterprise value,and the improvement of innovation speed leads to the promotion of enterprise value.At the same time,the innovation speed and value of Chinese medicine enterprises Between the invertedU curve relationship.In this regard,we put forward some suggestions to improve the innovation speed of Chinese medicine enterprises.