技术密集型企业跨国并购对创新绩效的影响——基于中国A股上市公司的经验研究  

Impact of Technology-intensive Enterprises Cross-border M&A on Innovation Performance:Based on Experience of Chinese A-share Listed Companies

作　　者：杜晓荣[1,2] 赵嘉雯 新夫 Du Xiaorong;Zhao Jiawen;Xin Fu(Business School,Hohai University,2.Jiangsu Province"World Water Valley"and Ecological Civilization Collaborative Creation Center,Nanjing 211100,China)

机构地区：[1]河海大学商学院,江苏南京211100 [2]江苏省“世界水谷”与生态文明协同创作中心,江苏南京211100

出　　处：《科技管理研究》2021年第7期148-154,共7页Science and Technology Management Research

基　　金：国家社科基金项目“债权治理视角下‘债委会’去杠杆的理论机制、实施效果与政策优化问题研究”(19BJY029)。

摘　　要：以中国A股上市公司2013年至2017年中发生跨国并购的技术密集型上市公司为样本,检验跨国并购对其创新绩效的影响,并就不同专利产出类型分别回归检验。结果显示,技术密集型企业跨国并购对创新绩效有显著促进作用,但是促进作用最大的并不是发明专利。在此基础上,提出技术密集型企业应创造条件通过跨国并购来提高创新绩效,应加强并购后的学习与吸收以促进高质量专利产出,同时政府应继续对企业创新加以补贴的政策建议。This paper takes a sample of technology-intensive listed companies with cross-border M&A in China A-shares from 2013 to 2017 as an example,and empirically analyzes the impact of cross-border M&A on technology innovation by technology-intensive companies.Different patent output types are separately tested.The results show that cross-border M&A of technology-intensive enterprises plays a significant role in promoting innovation performance.Among them,it has the greatest impact on utility model patents instead of invention patents.On this basis,this paper puts forward the suggestions as follows:technology-intensive enterprises should create conditions to improve innovation performance through cross-border M&As,and should strengthen post-merger learning and absorption to promote high-quality patent output,while the government should continue to subsidize enterprise innovation.

关 键 词：跨国并购 创新绩效 专利 技术密集型企业 

分 类 号：F273.1[经济管理—企业管理] F276.44[经济管理—国民经济]