组织资本与企业创新绩效——基于内在维度视角

Organizational Capital and Enterprise Innovation Performance——Based on the Perspective of Intrinsic Dimensions

文章选用中国2012-2017年创业板上市公司数据,使用广义矩估计方法检验组织资本及其构成要素对企业创新绩效的影响效应。实证结果表明,组织资本对财务绩效和创新绩效具有促进作用;构成要素对企业财务绩效和创新绩效具有不同的作用路径,即创新资本对创新绩效具有促进作用,对财务绩效具有抑制作用;流程资本对研究投入存在负向关系,印证了企业管理能力支撑的规模扩张会抑制前端性强的技术创新活动。

This paper selects the data of companies listed on GEM from 2012 to 2017, and uses the generalized moment estimation method to study the effect of organizational capital and its constituent elements on corporate innovation performance. The empirical results show that organizational capital has a promoting effect on financial performance and innovation performance, constituent elements have different paths for corporate financial performance and innovation performance, innovation capital has a promoting effect on innovation performance and a suppressing effect on financial performance. The process Capital has a negative relationship with research investment,which confirms that the expansion of the scale supported by enterprise management capabilities will inhibit front-end technological innovation activities.