绩效衰退与企业创新行为——基于中国上市公司的实证分析

发布时间：2018-03-28 02:38

  本文选题：绩效衰退　切入点：业绩期望差距　出处：《南开管理评论》2017年04期

【摘要】：绩效衰退改变了企业战略参照点和风险态度,表现出不同于成长绩效的创新行为差异。本文基于企业行为理论和循环CDM模型,利用中国A股上市公司数据,检验了绩效衰退对企业创新决策、创新投入和创新产出的影响,研究结果表明:(1)绩效衰退增加了企业创新动机,衰退程度越大企业越可能通过创新策略实现复苏;(2)衰退企业的创新驱动具有生存参照性,历史绩效衰退比行业绩效衰退更可能激发企业的创新动力;(3)制度逻辑的存在影响了企业的创新实施,绩效衰退时民营企业比国有企业、集中的权力结构比分散的权力结构更容易做出创新决策;(4)绩效衰退降低了创新效率损失,表现出更高的创新产出弹性。本文研究结论为衰退企业创新与刚性的悖论关系及其创新行为提供了一个客观的观察视角,进一步丰富了衰退组织复苏战略的研究成果。
[Abstract]:The performance decline changes the strategic reference point and the risk attitude of the firm, and shows the difference of the innovation behavior which is different from the growth performance. Based on the theory of firm behavior and the cyclic CDM model, this paper makes use of the data of A-share listed companies in China. The effects of performance recession on innovation decision, innovation input and innovation output are examined. The results show that performance recession increases enterprise innovation motivation. The greater the degree of recession, the more likely firms are to recover through innovative strategies. Historical performance recession is more likely than industry performance recession to stimulate the innovation power of enterprises. (3) the existence of institutional logic affects the innovation implementation of enterprises. Private enterprises are more likely than state-owned enterprises to implement innovation in the performance recession. Centralized power structure is easier to make innovation decisions than decentralized power structure. The conclusion of this paper provides an objective perspective for the paradox between innovation and rigidity and their innovation behavior, and further enriches the research results of recessionary organization recovery strategy.
【作者单位】： 洛阳师范学院商学院;
【基金】：国家社科基金项目(13BJL017) 河南省科技厅软科学研究项目(132400410823)资助
【分类号】：F272.5;F273.1
，

本文编号：1674416