企业异地扩张、技术获取与企业创新——基于上市公司设立子公司的经验证据  

Enterprise Cross-regional Expansion,Technology Acquisition and Enterprise Innovation——Based on Empirical Evidence of Listed Companies Establishing Subsidiaries

作　　者：戴一鑫 王译潇 DAI Yi-xin;WANG Yi-xiao

机构地区：[1]南京财经大学国际经贸学院,江苏南京210023 [2]日本冈山大学大学院

出　　处：《中国地质大学学报（社会科学版）》2023年第1期102-115,共14页Journal of China University of Geosciences(Social Sciences Edition)

基　　金：国家自然科学基金项目“共生网络视角下生产性服务业知识转移与产业创新生态系统的演化机理与路径选择”(72073060)。

摘　　要：企业通过异地投资创造跨地区联系网络,可以促进本地企业与异地子公司间的知识共享,增强企业对区域外技术的获取能力进而促进企业创新。本文基于企业设立异地子公司数据,探究了企业异地扩张的创新效应,研究发现:(1)分散化的异地扩张对企业整体创新以及“突破式”创新的影响呈“倒U型”特征,对“渐进式”创新的影响呈线性特征。(2)当企业向技术优势地区扩张时,创新效应呈现显著的线性特征,该线性作用通过知识宽度提升机制来实现。(3)企业所在地的技术专业化水平具有一定的调节效应:在技术专业化程度较低或较高的阶段,企业异地扩张的创新效应更大。(4)企业和子公司技术关联度越大,企业异地扩张产生的创新收益越大。基于以上发现,可得如下政策启示:企业应积极开展集团内跨地区一体化分工,弥补总部企业知识多元性的不足,在此过程中应有效识别不同区位的技术优势,基于技术关联标准有选择性地进行布局,避免落入异地扩张的“多样化陷阱”。Enterprises create cross-regional network through remote investment, which can promote knowledge sharing between local enterprises and their no-local subsidiaries, enhance their ability to acquire technologies outside the region, and promote enterprise innovation.Based on the data of enterprises setting up no-local subsidiaries, this paper explores the innovation effect of enterprises’ cross-regional expansion.The research findings are as follows:(1) The impact of decentralized cross-regional expansion on the overall innovation and “breakthrough” innovation is inverted U-shaped, while the impact on “progressive” innovation is linear.(2) When enterprises expand to areas with technological advantages, the innovation effect presents a significant linear feature, which is realized through the knowledge width enhancement mechanism.(3) The technical specialization level of the location of the enterprise has a certain moderating effect: in the stage of low or high technical specialization, the innovation effect of the enterprise’s cross-regional expansion is greater.(4) The greater the technological correlation between the enterprise and its subsidiaries, the greater the innovation benefits generated by the enterprise’s cross-regional expansion.Based on the above conclusions, the following policy implications can be obtained: Enterprises should actively carry out the inter-regional integration division within the group to make up for the lack of knowledge diversity of the headquarters enterprises.In this process, the technical advantages of different locations should be effectively identified, and the layout should be selectively based on the technology correlation standards, so as to avoid falling into the “diversification trap” of cross-regional expansion.

关 键 词：跨地区投资 比较优势 技术关联 企业创新 

分 类 号：F273.1[经济管理—企业管理]