技术融合能否促进企业全要素生产率的提升——基于动态能力调节效应和门槛效应的研究

Can Technology Convergence Promote Improvement of Total Factor Productivity?--Based on Dynamic Capacity Regulation Effect and Threshold Effect

采用2014—2018年A股上市公司面板数据,研究技术融合对企业全要素生产率的影响,并引入企业动态能力,分析动态能力对技术融合与企业全要素生产率之间关系的调节效应和门槛效应。结果表明:技术融合对企业全要素生产率具有显著的正向影响;企业动态能力对技术融合与企业升级之间存在显著的正向调节效应;动态能力对两者间关系的调节效应在企业产权性质、行业、规模方面存在异质性。通过进一步门槛检验,发现技术融合对企业全要素生产率提升存在非线性关系,只有当企业动态能力达到一定阈值,技术融合才能有效促进企业全要素生产率的提升。

The panel data of A-share listed companies from 2014 to 2018 is used to study the impact of technology convergence on total factor productivity of enterprises,and dynamic capabilities of enterprises are introduced,to analyze the moderating effect and threshold effect of dynamic capabilities on the relationship between technology convergence and total factor productivity of enterprises.The results show that:technology convergence has a significantly positive impact on total factor productivity of enterprises.There are significantly positive moderating effects of dynamic capabilities of enterprises on technology convergence and enterprise upgrading,and the moderating effects are heterogeneous in the nature of corporate property rights,industry and scale.Further through the threshold test,it is found that technology convergence has a non-linear relationship with the improvement of total factor productivity.Only when the dynamic capabilities of enterprises reach a certain threshold,can technology convergence effectively promote the improvement of total factor productivity of enterprises.