企业创新、地区科教资源与价值创造
发布时间：2019-05-03 18:40
【摘要】：中国的经济发展由最初的发展乡镇经济阶段,到后来的发展开放型经济阶段,现在正在进入发展创新型经济阶段(洪银兴,2013),企业作为经济活动的基本单位,是创新活动的主体。现有文献对影响企业创新活动的内外部因素、企业创新活动的经济后果,以及创新活动的作用机理进行了一系列的探讨。但是,地区科教资源作为一个重要的外部影响因素,目前仍鲜有文献研究其对企业创新活动的影响。同时,现有文献对地区科教资源的研究,往往局限于其对宏观经济的影响,还欠缺地区科教资源如何影响微观企业行为和企业价值的研究。企业作为创新活动的主体,其创新行为,特别是科技研发行为并不是无源之水,而是内嵌于整个社会的基础资源之中。中国企业本身科技比较薄弱,创新能力相对欠缺,要想有效地发挥创新的作用,需要借助于外部力量。在科教资源发达的地区,通过产学研合作,可以降低企业RD投入的风险,提高预期回报,从而提高创新活动的效率和效益。因此有必要通过实证检验探究地区科教资源究竟能不能促进企业的创新活动,探究地区科教资源能不能影响微观企业价值,以及其影响路径是什么。这两个问题的解答,一方面有助于我们更全面的理解地区科教资源对微观企业行为和企业价值的影响,另一方面也可以帮助我们更加全面地理解企业创新投入的影响因素和经济后果。本文以2007-2015年除金融行业外的所有上市公司作为研究样本,从高校数量、高校教师数量、国家自然科学基金情况、专利数量、地方财政科技支出和高校毕业生数量这几个方面来度量地区科教资源水平,本文研究发现,地区科教资源可以促进企业的创新活动,地区科教资源越丰富,企业的RD投入越多;地区科教资源还可以促进企业价值的提升,而这种促进作用,一方面以企业创新为中介,另一方面还存在直接效应。同时,本文还进行了分样本检验,结果发现,地区科教资源对企业创新活动的促进作用主要体现在非国有样本和高市场化程度地区的分样本上;地区科教资源对企业的价值提升体现在高市场化程度地区的分样本上。最后,稳健性检验的结果说明本文的研究结论具有一定的稳健性。总的来说,本文的研究发现了在我国特殊的制度背景下,地区科教资源这一外部因素对企业创新活动和企业价值的促进作用,还发现了企业创新在地区科教资源促进企业价值过程中的中介作用,丰富了企业创新活动影响因素以及地区科教资源影响微观企业的研究。提出了地区科教资源促进企业创新投入和企业价值的经验证据。有助于我们认识到政府投入对区域经济发展的重要性。同时表明政府投入对创新活动后果的积极影响。提出了地区科教资源促进企业创新活动价值创造作用的经验证据。
[Abstract]:From the initial stage of developing township economy to the stage of developing open economy, China's economic development is now entering the stage of developing innovative economy (Hong Yinxing, 2013). Enterprises, as the basic units of economic activity, are now entering the stage of developing innovative economy (Hong Yinxing, 2013). It is the main body of innovation. The existing literature discusses the internal and external factors, the economic consequences, and the mechanism of the innovation activities of enterprises, which affect the innovation activities of enterprises, and discusses the internal and external factors, the economic consequences and the mechanism of the innovation activities. However, regional science and education resources as an important external factor, there are still few literature to study its impact on enterprise innovation activities. At the same time, the existing literature on regional science and education resources, often limited to its impact on the macro-economy, there is a lack of regional science and education resources how to affect the behavior of micro-enterprises and enterprise value research. As the main body of innovation activities, the innovation behavior, especially the R & D behavior of science and technology, is not a source of water, but embedded in the basic resources of the whole society. Chinese enterprises are weak in science and technology and lack of innovation ability. In order to give full play to the role of innovation, it is necessary to rely on external forces. In the areas where science and education resources are developed, the cooperation of industry-university-research can reduce the risk of RD investment, improve the expected return, and thus improve the efficiency and efficiency of innovation activities. Therefore, it is necessary to examine whether regional science and education resources can promote the innovation activities of enterprises, and explore whether regional science and education resources can affect the value of micro-enterprises and what their influence path is. The answer to these two questions, on the one hand, helps us to understand more comprehensively the impact of regional science and education resources on micro-enterprise behavior and enterprise value. On the other hand, it can help us to understand the influence factors and economic consequences of enterprise innovation investment more comprehensively. This paper takes all listed companies except the financial industry in 2007-2015 as research samples, from the number of colleges and universities, the number of teachers in colleges and universities, the situation of the National Natural Science Foundation, the number of patents, Local financial expenditure on science and technology and the number of college graduates to measure the level of regional science and education resources, this study found that regional science and education resources can promote innovation activities of enterprises, the richer the regional science and education resources, the more investment in RD; Regional science and education resources can also promote the promotion of enterprise value, and this promotion role, on the one hand, enterprise innovation as the intermediary, on the other hand, there is also a direct effect. At the same time, this paper also carried out a sub-sample test, the results show that the regional science and education resources to promote enterprise innovation activities mainly reflected in the non-state-owned samples and high market-oriented areas of the sub-samples; The value promotion of regional science and education resources to enterprises is reflected in the sub-samples of high market-oriented areas. Finally, the results of robustness test show that the conclusion of this paper has some robustness. In general, the research of this paper finds that under the special institutional background of our country, the external factor of regional science and education resources promotes the innovation activities and the value of enterprises. It also finds out the intermediary role of enterprise innovation in the process of promoting enterprise value by regional science and education resources, which enriches the research on the influencing factors of enterprise innovation activities and the influence of regional science and education resources on micro-enterprises. This paper puts forward the empirical evidence that regional science and education resources promote enterprise innovation investment and enterprise value. It helps us to realize the importance of government input to regional economic development. At the same time, it shows the positive influence of government input on the outcome of innovation activities. This paper puts forward the empirical evidence that regional science and education resources can promote the value creation of enterprises' innovation activities.
【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F273.1
，
本文编号：2469171
[Abstract]:From the initial stage of developing township economy to the stage of developing open economy, China's economic development is now entering the stage of developing innovative economy (Hong Yinxing, 2013). Enterprises, as the basic units of economic activity, are now entering the stage of developing innovative economy (Hong Yinxing, 2013). It is the main body of innovation. The existing literature discusses the internal and external factors, the economic consequences, and the mechanism of the innovation activities of enterprises, which affect the innovation activities of enterprises, and discusses the internal and external factors, the economic consequences and the mechanism of the innovation activities. However, regional science and education resources as an important external factor, there are still few literature to study its impact on enterprise innovation activities. At the same time, the existing literature on regional science and education resources, often limited to its impact on the macro-economy, there is a lack of regional science and education resources how to affect the behavior of micro-enterprises and enterprise value research. As the main body of innovation activities, the innovation behavior, especially the R & D behavior of science and technology, is not a source of water, but embedded in the basic resources of the whole society. Chinese enterprises are weak in science and technology and lack of innovation ability. In order to give full play to the role of innovation, it is necessary to rely on external forces. In the areas where science and education resources are developed, the cooperation of industry-university-research can reduce the risk of RD investment, improve the expected return, and thus improve the efficiency and efficiency of innovation activities. Therefore, it is necessary to examine whether regional science and education resources can promote the innovation activities of enterprises, and explore whether regional science and education resources can affect the value of micro-enterprises and what their influence path is. The answer to these two questions, on the one hand, helps us to understand more comprehensively the impact of regional science and education resources on micro-enterprise behavior and enterprise value. On the other hand, it can help us to understand the influence factors and economic consequences of enterprise innovation investment more comprehensively. This paper takes all listed companies except the financial industry in 2007-2015 as research samples, from the number of colleges and universities, the number of teachers in colleges and universities, the situation of the National Natural Science Foundation, the number of patents, Local financial expenditure on science and technology and the number of college graduates to measure the level of regional science and education resources, this study found that regional science and education resources can promote innovation activities of enterprises, the richer the regional science and education resources, the more investment in RD; Regional science and education resources can also promote the promotion of enterprise value, and this promotion role, on the one hand, enterprise innovation as the intermediary, on the other hand, there is also a direct effect. At the same time, this paper also carried out a sub-sample test, the results show that the regional science and education resources to promote enterprise innovation activities mainly reflected in the non-state-owned samples and high market-oriented areas of the sub-samples; The value promotion of regional science and education resources to enterprises is reflected in the sub-samples of high market-oriented areas. Finally, the results of robustness test show that the conclusion of this paper has some robustness. In general, the research of this paper finds that under the special institutional background of our country, the external factor of regional science and education resources promotes the innovation activities and the value of enterprises. It also finds out the intermediary role of enterprise innovation in the process of promoting enterprise value by regional science and education resources, which enriches the research on the influencing factors of enterprise innovation activities and the influence of regional science and education resources on micro-enterprises. This paper puts forward the empirical evidence that regional science and education resources promote enterprise innovation investment and enterprise value. It helps us to realize the importance of government input to regional economic development. At the same time, it shows the positive influence of government input on the outcome of innovation activities. This paper puts forward the empirical evidence that regional science and education resources can promote the value creation of enterprises' innovation activities.
【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F273.1
，
本文编号：2469171
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