“一带一路”倡议对企业创新的影响——基于股权投资视角  

The Impact of "The Belt and Road" Initiative on Corporate Innovation

作　　者：夏鑫[1] 袁雪烽 孙维章[1] 宋欣蓉 刘洁琼 XIA Xin;YUAN Xue-feng;SUN Wei-zhang;SONG Xin-rong;LIU Jie-qiong(Shandong Technology and Business University,Yantai 264005,China)

机构地区：[1]山东工商学院会计学院,山东烟台264005 [2]山东城市技师服务学院现代商务系,山东烟台264000

出　　处：《山东工商学院学报》2024年第1期1-12,共12页Journal of Shandong Technology and Business University

基　　金：国家社科基金项目一般项目“外资引入对中国企业履行社会责任的影响机制研究”(20CGLJ16)。

摘　　要：以2013—2021年进行对外股权投资的A股上市公司为样本,基于股权投资视角实证检验了“一带一路”倡议对企业创新的影响,进一步探究了持股方式对两者关系的调节作用,比较了上述影响在不同投资目的国(发达国家与发展中国家、海陆邻国与非邻国)企业中的差异。研究发现,“一带一路”倡议对企业创新产生显著正向影响,企业对“一带一路”国家股权投资能够显著提高自身创新水平。调节效应检验发现,持股方式为间接持股时,“一带一路”倡议对企业创新的促进作用得到显著加强。异质性分析发现,投资目的国为发展中国家和非邻国时,“一带一路”倡议对企业创新的影响更为显著。针对不同类型的专利,“一带一路”倡议对企业实用新型专利和外观设计专利均产生显著正向影响,但持股方式无法显著调节“一带一路”倡议对实用新型专利产出的影响。Taking A-share listed companies that make foreign equity investment from 2013 to 2021 as samples,this paper empirically tests the impact of the"Belt and Road"Initiative on enterprise innovation from the perspective of equity investment,and further explores the moderating effect of shareholding mode on the relationship between the two.The above effects are compared in different investment destination countries(developed and developing countries,land and sea neighboring countries and non-neighboring countries).It is found that the"Belt and Road"initiative has a significant positive impact on enterprise innovation,and enterprises'equity investment in"Belt and Road"countries can significantly improve their own innovation level.The adjustment effect test shows that when the shareholding method is indirect shareholding,the promoting effect of the"Belt and Road Initiative"on enterprise innovation is significantly strengthened.Heterogeneity analysis shows that when the investment destination countries are developing countries and non-neighboring countries,the Belt and Road Initiative has a more significant impact on enterprise innovation.For different types of patents,the Belt and Road Initiative has a significant positive impact on utility model patents and design patents,but the shareholding mode cannot significantly adjust the impact of the Belt and Road Initiative on utility model patent output.

关 键 词：企业创新 对外股权投资 “一带一路”倡议 新型专利 

分 类 号：F272[经济管理—企业管理]