技术—知识投资、要素资本配置与企业成长——来自我国资本市场的经验证据

发布时间：2018-06-04 08:21

本文选题：企业成长 + 技术资本　；参考：《南开管理评论》2017年03期

【摘要】：基于我国科教兴国战略和"十二五"时期扩大科技创新的制度背景,构建理论模型以分析异质要素资本对企业成长的作用机理。在此基础上,运用沪深两市2008-2013年度A股企业样本数据探讨技术资本和知识资本与企业成长的关系,考察了技术资本与知识资本配置结构如何影响企业成长,进而验证了当前市场环境下二者对企业成长的相对重要性。研究结果表明,技术资本和知识资本的均衡配置有利于企业成长;技术资本和知识资本具有协同和均衡效应,二者应共同投资且在要素资本结构中的比重不能差距过大。以企业当前发展状况而言,技术资本对企业成长的贡献比知识资本更大,该研究为我国企业成长和优化要素资本配置结构提供了有益参考。
[Abstract]:Based on the strategy of rejuvenating the country through science and education and the institutional background of expanding scientific and technological innovation during the 12th Five-Year Plan period, this paper constructs a theoretical model to analyze the mechanism of the action of heterogeneous factor capital on the growth of enterprises. On this basis, the relationship between technological capital and knowledge capital and the growth of enterprises is discussed by using the sample data of A-share companies in Shanghai and Shenzhen stock markets from 2008 to 2013, and how the configuration structure of technological capital and knowledge capital affects the growth of enterprises is investigated. Furthermore, it verifies the relative importance of both of them to the growth of enterprises in the current market environment. The results show that the balanced allocation of technological capital and knowledge capital is conducive to the growth of enterprises, and that technological capital and intellectual capital have synergistic and equilibrium effects, and they should be invested together and their proportion in the structure of factor capital should not be too large. The contribution of technological capital to the growth of enterprises is greater than that of intellectual capital in terms of the current development of enterprises. This study provides a useful reference for the growth of Chinese enterprises and the optimization of the allocation structure of factor capital.
【作者单位】：中国海洋大学管理学院;
【基金】：国家自然科学基金项目(71302003) 国家社会科学基金项目(15BJL021)资助
【分类号】：F832.5

【相似文献】