期望绩效反馈与企业双元创新——研发投入的中介效应

Expected Performance Feedback and Dual Innovation in Enterprises——The Mediating Effect of R&D Investment

选取2012—2022年沪深A股上市公司为研究样本,检验期望绩效反馈对企业双元创新的影响。研究发现,在期望绩效落差状态下,期望绩效反馈正向影响探索式创新和利用式创新;期望绩效反馈负向影响研发投入;研发投入在期望绩效反馈与双元创新之间呈现部分中介效应。经由多种方法的稳健性检验后,实证结果仍保持一致。实践启示:企业需客观看待期望绩效反馈、正确认识双元创新、妥善配置研发投入;政府需灵活推动企业创新。研究结论揭示了期望绩效反馈影响企业双元创新的实践机制,为企业实现双元创新拓展了思路。

A-share companies listed on Shanghai and Shenzhen Stock Exchanges from 2012 to 2022 were selected as research samples to test the impact of expected performance feedback on dual innovation in enterprises.The research has found that in the state of expected performance gap,expected performance feedback positively affects exploratory innovation and exploitative innovation;expected performance feedback negatively affects R&D investment;R&D investment plays a partial mediating effect between expected performance feedback and dual innovation.After robustness testing using multiple methods,the empirical results remain consistent.Practical inspiration:enterprises need to objectively view expected performance feedback,correctly understand dual innovation,and properly allocate research and development investment;the government needs to flexibly promote enterprise innovation.The research conclusion reveals the practical mechanism by which expected performance feedback affects dual innovation in enterprises,and broadens the thinking for enterprises to achieve dual innovation.