技术多元化与企业绩效关系  

Technological Diversification and Firm Performance

作　　者：张庆垒[1] 郑莹[2] 任华亮 施建军[4] 

机构地区：[1]南京财经大学营销与物流管理学院,江苏南京210046 [2]南京大学商学院,江苏南京210093 [3]江南大学商学院,江苏无锡214122 [4]对外经贸大学,北京100020

出　　处：《中国科技论坛》2016年第5期65-71,共7页Forum on Science and Technology in China

基　　金：国家社会科学基金重大项目“‘十二五’时期中国发展的创新驱动战略研究”(11&ZD004);中央高校基本科研业务费专项资金资助项目(2015JDZD11)

摘　　要：本文指出技术多元化影响企业绩效的两种作用机制:范围经济视角和协调成本视角,而技术多元化如何影响企业绩效取决于何种机制起了决定性作用,并且检验了内部可投入资源、外部经济环境动态性及中国特色制度环境的调节作用。采用创业板286家上市公司2009—2012年的面板数据进行回归分析,结论表明,可投入资源限制负向调节技术多元化与企业绩效关系;经济环境动态性负向调节而制度环境正向调节技术多元化与企业绩效关系;环境动态性负向调节而制度环境正向调节可投入资源限制对技术多元化与企业绩效关系的负向影响;企业在实施技术多元化战略、获取竞争优势时必须注重内部资源投入和外部环境的作用。This paper shows clearly that there are two mechanisms underlying the relationship between technological diversification and firm performance, Economies of scope and cost of coordination. It argues technological diversification affecting firm performance depends on which mechanism plays a decisive role. It also examines the moderating role of the level of investible resources available to the firm, environmental dynamism and institutional environment with Chinese characteristics on the relationship between technological diversifica- tion and firm performance. The paper uses an unbalanced panel data between 2009 and 2012, from 286 public companies listed on GEM in China. Results show that the relationship between technological diversification and firm performance is negatively moderated by the level of the constraint of investible resources available to the finn and environmental dynamism, but positively moderated by institutional environment. Besides that, we also find that the negative effect of the constraint of investible resources on the relationship between technological diversification and firm performance is negatively moderated by environmental dynamism, but positively moderated by institu-tional environment. The study shows that the corporation should consider internal resources and external environment when making its technological diversification strategy choice for the purpose of competitive advantage.

关 键 词：技术多元化 企业绩效 可投入资源 环境动态性 

分 类 号：F279.23[经济管理—企业管理]