企业衰落与创新行为的关系研究——冗余资源与CEO任期的调节效应  

Research on the relationship between enterprise decline and innovation behavior——The moderating effect of slack resources and CEO tenure

作　　者：刘力钢[1] 姜莉莉 Liu Ligang;Jiang Lili(Business School,Liaoning University,Shenyang 110136,Liaoning,China)

机构地区：[1]辽宁大学商学院,辽宁沈阳110136

出　　处：《科研管理》2022年第8期119-128,共10页Science Research Management

基　　金：国家社会科学基金项目:“大数据对企业非市场战略的影响研究”(14BGL053)。

摘　　要：衰落是创新之母还是刚性之母?仍旧是未解决的重要学术问题。本研究在进一步界定企业衰落的基础上,基于企业行为理论、前景理论、“威胁-刚性”假说的观点,分析了企业衰落与创新行为之间的关系,讨论了冗余资源与CEO任期对二者关系的调节效应。采用2012年—2016年中国沪深两市A股制造业上市企业数据,并通过固定效应模型回归分析得出以下研究结论:(1)企业衰落与创新行为之间并不是简单的线性关系,而是随着衰落程度的加深,企业创新行为强度呈现先上升后下降的倒U型关系,在控制内生性及其他稳健性检验之后该结论依然成立;(2)冗余资源在企业衰落与创新行为之间起到显著正向调节作用,企业拥有冗余资源越多,越能转化为帮助企业进行创新的财富,降低衰落对企业的冲击,强化衰落困境下的创新行为能力;(3)CEO任期在企业衰落与创新行为之间起到的正向调节作用与衰落程度存在紧密关系,随着衰落程度的不断加深,其正向调节作用逐渐被削弱。进一步检验产权性质的调节效应表明:国有性质产权在企业衰落和创新行为之间起到正向调节作用,但这种调节作用不显著。研究结果拓展了衰落企业创新与刚性悖论关系的文献研究,为衰落困境中的中国企业的创新实践提供现实指导。The development of enterprises is faced with the repeated process of growth, maturity and decline. There are many complicated causes of decline and the strategies adopted by declining enterprises often determine their survival and sustainable development. Whether to give up or to seek new development opportunities is the confusion and strategic challenge faced by enterprise managers. Decline is defined as the continuous deterioration of the performance or resources of the enterprise over a period of time(Trahms et al., 2013). It is bound to weaken the competitiveness of enterprises and hamper their sustainable development. If the appropriate recovery strategy is not adopted in time, it is highly possible that circumstances might lead to the death of enterprises. Nowadays, under the background of big data, the applications of artificial intelligence and Internet of Things, enterprises are facing the most complex and confusing environment ever, which could increase all kinds of uncertainty and risks. It is an unavoidable fact that enterprises encounter with decline in business activities.In view of the continuous threat of decline, how to reverse the decline to achieve recovery is still a highly concerned and urgent problem to be solved by business managers. Relevant scholars call for innovation as a solution for declining enterprises(Wiseman & Bromiley, 1996;Mone et al., 1998;Greve, 2003;Audia & Greve, 2006;McKinley et al., 2014). But does decline promote innovation or produce rigidity to restrain innovation? This is still an important unsolved academic problem. Scholars have been arguing about the strategic tendency of declining enterprises. McKinley(1993) divides them into two camps: "decline is the mother of innovation" and "decline is the mother of rigidity". Scholars who advocate that decline could boost innovation cite the behavioral theory of the firm and prospect theory and claim that managers seek risks when they face performance below the average level(Cyert & March, 1963;Kahneman & Tversky, 1979). On th

关 键 词：企业衰落 创新行为 倒U型关系 冗余资源 CEO任期 

分 类 号：F272.3[经济管理—企业管理]