海外并购、技术创新与产业结构优化--基于中国内地省域面板数据的实证分析

Overseas M&A,Technological Innovation and Industrial Structure Optimization--Empirical Analysis Based on the Panel Data of China Mainland Provinces

以产业结构优化为研究对象,运用2008-2019年中国内地省域面板数据,通过中介效应模型实证检验海外并购、技术创新对国内产业结构优化的影响。研究发现:海外并购对国内产业结构合理化与高度化存在显著促进作用,企业海外并购有助于国内产业结构优化,而技术创新在海外并购与产业结构优化中发挥了中介作用,较之产业结构合理化,技术创新对产业结构高度化的中介作用更大。据此,本研究提出了推动企业海外并购提升企业技术创新能力进而助力国内产业结构优化的相关建议。

Based on the panel data of China mainland provinces from 2008 to 2019,we empirically investigate the impact of overseas M&A and technological innovation on the optimization of domestic industrial structure by mediating effect model.The study finds that overseas M&A has a significant role in promoting the rationalization and advancement of domestic industrial structure.Overseas M&A can help optimize industrial structure,while technological innovation plays an intermediary role in overseas M&A and industrial structure optimization.Compared with industrial structure rationalization,technological innovation has a greater intermediary effect on the advancement of industrial structure.Accordingly,we put forward suggestions on how to better overseas M&A to promote companies′technological innovation capabilities,thereby optimizing domestic industrial structure.