环境不确定性与企业技术创新——基于中国上市公司的实证研究  

Environment Uncertainty and Firm Technological Innovation: Evidence from Chinese Listed Firms

作　　者：袁建国[1] 程晨[1] 后青松[1] 

机构地区：[1]华中科技大学管理学院,武汉430074

出　　处：《管理评论》2015年第10期60-69,共10页Management Review

基　　金：国家社会科学基金项目(10BGL015);国家自然科学青年基金项目(71202109);高等学校博士学科点专项科研基金项目(20120142120044);中央高校基本科研业务费专项资金项目(2013QN107)

摘　　要：本文以2005-2011年中国沪深A股非金融上市公司的数据为样本,研究企业环境不确定性与技术创新的关系。结果表明,企业环境不确定性与技术创新呈倒U型关系。进一步地,在区分产权性质、企业规模和盈利能力的情况下,研究发现:相比国有企业,环境不确定性在非国有企业中更能激励技术创新;企业规模在环境不确定性与技术创新关系中起负向调节作用,而企业盈利能力则起正向调节作用。本文结论深化了对环境不确定性与企业技术创新关系的认识,提供了解释二者关系的稳健的经验证据,对政府优化企业技术创新环境和完善相关政策也具有重要启示意义。In this paper, we examine the relationship between environment uncertainty and technological innovation based on the sample of Chinese （non-financial） listed companies during the period 2005-2011. The results suggest that, the relationship between environment uncertainty and technological innovation can be seen as an inverted U shape. Further study shows the nature of the property rights, firm size and profitability have significant influences on the inverted-U shaped relationship ： When the level of environment uncertainty is given, the non-state-owned enterprises tend to be more innovative than SOEs, finns with a larger size should enhance technological innovation motivations, and higher profitability can be beneficial for firm innovation. The paper deepens the knowledge about the relationship between environment uncertainty and technological innovation, provides robust evidence for the interpretation of the relationship, and it is also quite instructive for the government to improve the technological innovation environment and relevant policy.

关 键 词：环境不确定性 技术创新 双向因果 调节效应 

分 类 号：F273.1[经济管理—企业管理]