私营企业家外部环境风险感知与企业创新投入  

External environmental risk perception of private entrepreneurs and innovation investment of enterprises

作　　者：徐炜锋 阮青松[1] 王国栋 Xu Weifeng;Ruan Qingsong;Wang Guodong(School of Economics and Management,Tongji University,Shanghai 200092,China;SND GROUP,Suzhou 215011,Jiangsu,China)

机构地区：[1]同济大学经济与管理学院,上海200092 [2]苏高新集团,江苏苏州215011

出　　处：《科研管理》2021年第3期160-171,共12页Science Research Management

基　　金：中央高校基本科研业务费专项资金项目:“‘一带一路’基础设施互联互通的投融资模式创新研究”(22120190051,2019.05—2020.10);国家社科基金后期资助项目:“地方公共养老保障体系发展研究”(19FJYB038,2019.10—2020.12);国家社会科学基金一般项目:“中等收入群体的规模测度和影响机制研究”(17BJY042,2017.07—2020.12)。

摘　　要：企业家是私营企业中的灵魂人物,企业家在企业创新战略的制定中发挥了决定性作用。本文使用中国私营企业调查(CPES)数据库,研究了企业家外部环境风险感知对企业创新投入的影响。具体的,我们按照综合因子得分将企业家外部环境风险感知划分为高值组与低值组,使用PSM的方法,估计了高值组企业与低值组企业创新投入的平均差异水平(ADL)。研究发现:企业家市场环境风险感知越强,企业创新投入水平越高;而企业家制度环境风险感知越强,企业创新投入水平越低;综合来看,企业家外部环境风险感知越强,企业创新投入水平越低。在企业创新投入决策中我国私营企业家风险规避动机强于风险寻求动机,而且低个人地位感知度的企业家的风险规避动机强于高个人地位感知度的企业家。Entrepreneurs are the most influential individuals in private enterprises.According to the basic conclusion of upper echelons theory,the values and perceptions of top managers are one of the reasons for the strategic choice of enterprises.Although the success of innovation can bring huge benefits to enterprises,enterprises may also suffer losses due to innovation failure.Enterprise innovati decision is a risky decision.According to the perceived internal and external environmental risks,entrepreneurs will formulate enterprise innovation strategies to maintain the best adaptation of enterprise innovation strategies to the internal and external environment.The entrepreneur is the key factor influencing the choice of innovation strategy.The external environment risk perception of the entrepreneur is the channel through which the external environment risk of the enterprise directly affects the innovation investment decision-making of the enterprise.The classical risk decision-making model regards entrepreneurs as"rational economic person"who can get complete information.Entrepreneurs make the normative decisions according to the principle of maximizing expected utility.However,in reality,It is obviously impossible for entrepreneurs to obtain complete information or to be homo economicu.Entrepreneurs are limited by many subjective and objective conditions in the process of decision-making.They often use the thumb rule and experience rule to deal with complex problems to get a simple conclusion.Entrepreneurs can only make decisions based on the limited information they perceive.The decision-making of entrepreneurs is usually descriptive rather than normative.That is to say,entrepreneurs often make"impromptu"decisions based on their own perception rather than seeking the optimal decision-making scheme.According to the nature of the external environment risk,the external environment risk can be divided into many dimensions.In this paper,the external environment risk is divided into two dimensions:market environment risk

关 键 词：私营企业家 外部环境风险 风险感知 创新投入 

分 类 号：F832.48[经济管理—金融学]