双元创新倾向对跨界技术并购绩效的影响研究  

Research on the influence of dual-element innovation tendency on the performance of boundary-spanning technological M&As

作　　者：王宛秋[1,2] 张潇天 Wang Wanqiu;Zhang Xiaotian(College of Economics and Management,Beijing University of Technology,Beijing 100124,China;Research Base of Beijing Modern Manufacturing Development,Beijing 100124,China)

机构地区：[1]北京工业大学经济与管理学院,北京100124 [2]北京现代制造业发展研究基地,北京100124

出　　处：《科研管理》2022年第6期142-151,共10页Science Research Management

基　　金：北京市社会科学基金研究基地重点项目:“促进北京高端制造业跨界融合发展的技术并购路径研究”(18JDGLA042,2018.08—2020.12)。

摘　　要：跨界技术并购已渐成潮流,然而,企业能否真的从中获益,往往取决于并购后的技术吸收和整合。论文以2007—2015年上市公司的跨界技术并购事件为样本,运用多元回归分析的方法,对企业的创新倾向、既有技术资源和并购后内外部创新投资对跨界技术并购创新绩效的作用机理进行了探索。结果表明:与探索式创新倾向相比,企业的利用式创新倾向更能促进创新绩效的提升;同时,企业的技术资产专用性会弱化利用式创新倾向对创新绩效的正向影响,但若并购后企业加强内部创新投入或对外创新合作则能减轻技术资产专用性的负面效应。论文拓展和深化了吸收能力、资产专用性等相关理论,同时,为企业跨界技术并购的相关决策提供经验证据。With the rapid development of science and technology and cross-domain integration,various industries are generally faced with disruptive changes.The change of innovation environment not only causes anxieties about whether enterprises can maintain their competitive advantages,but also brings them new opportunities.More and more enterprises are increasingly aware that only through internal R&D,it is difficult to maintain sustainable innovation capability,so they seek for various ways to promote technological innovation.Therefore,innovation alliances,boundary-spanning search,technological M&A and other ways of knowledge exchange have been gradually generated.Among these external knowledge acquisition methods,boundary-spanning technological M&A,on the one hand,enables enterprises to break through the original organization and technical boundary,contact and obtain heterogeneous knowledge resources,and on the other hand it helps the enterprise to improve the existing knowledge base,which well responds to the need of enterprises to maintain competitive advantage under current fierce innovation situation.Data showing that recent years,boundary-spanning M&A become more and more active.As a strategic response for enterprises to adapt to the innovation environment of boundary-spanning technology integration,the wave of boundary-spanning M&A has come.Knowledge absorption after merger is the key to determine the performance of boundary-spanning technological M&A.Studies have found that there is indeed an interactive relationship between innovative tendency,innovation behavior after technology merger and its effect.In this way,under the background of boundary-spanning,will the differences in innovation tendency also have an impact on the absorption and integration of out-of-bounds technologies after M&A,and what kind of impact?At the same time,the effectiveness of post-merger technology integration decision is limited by the resource characteristics of the enterprise.Will the higher degree of technical asset specificity of the

关 键 词：跨界技术并购 双元创新倾向 技术资产专用性 创新合作 创新投入 

分 类 号：F272.3[经济管理—企业管理]