共同股东与供应链协同创新——基于专利互引的视角  

Common Ownership and Supply Chain Collaborative Innovation:A Research based on Patent Reciprocal Citation

作　　者：汤旭东 王艳盈 陈思岑 TANG Xu-dong;WANG Yan-ying;CHEN Si-cen(School of Business Administration,South China University of Technology,Guangzhou,Guangdong,510641,China;Xiamen National Accounting Institute,Xiamen,Fujian,361005,China)

机构地区：[1]华南理工大学工商管理学院,广东广州510641 [2]厦门国家会计学院,福建厦门361005

出　　处：《经济管理》2024年第4期49-65,共17页Business and Management Journal ( BMJ )

基　　金：国家自然科学基金“连锁股东与中国企业供应链稳定性:“影响机理与经济后果”(72202073);广东省基础与应用基础研究基金“跨行业连锁股东影响公司投资的理论与实证研究”(2021A1515110150);广州市基础与应用基础研究基金“机构共同持股与中国上市公司治理优化:理论与实证研究”(2024A04J3693)。

摘　　要：随着产业链全球化加速以及国内市场的竞争日趋激烈,技术竞争逐步演变为供应链集群间的整体竞争,供应链协同创新的重要性日益凸显。本文利用2012-2019年A股上市公司样本,考察了上下游企业拥有共同股东能否促进供应链协同创新。研究发现,共同股东显著促进了供应链协同创新,在一系列稳健性检验后结论仍成立。机制检验表明,共同股东通过缓解企业间信息不对称、促进企业间资源整合而发挥作用。进一步地,当样本对中有技术密集型企业、客户的行业集中度较高以及两家企业所处地区的市场化程度均较低时,共同股东的供应链协同创新效应更强。本文从共同股东的角度研究了其对供应链上下游企业间创新合作的影响及其机制,研究结果为企业管理者制定创新发展战略提供了新思路,为政府部门就如何更好发挥资本市场机制的作用、推进产业体系现代化提供了决策参考。In recent years,with the acceleration of the globalization of the industrial chain,the competition between enterprises gradually evolves into the competition between industrial chain and supply chain clusters.At the same time,China proposes “dual circulation” development pattern,in which domestic and overseas markets reinforce each other,with the domestic market as the mainstay.Therefore,the regional segmented market will gradually develop into a unified large market.Under the increasingly fierce competition situation,how to find suitable partners to innovate with cluster advantages is an important issue for enterprises to build their own core competitiveness and achieve long-term development.At the same time,in recent years,a large number of cross-owners have emerged in recent various markets.Cross-owner means that one investor participates in two or more enterprises.Although cross-owners only participate in shares and do not directly participate in enterprise operation,they may still influence decision-making by promoting information transmission,resource integration and interest coordination among enterprises.In theory,cross-owners can coordinate the interest conflicts between enterprises.In addition,cross-owners can also integrate the existing resources of the two companies to strengthen the cooperative relationship.Based on these,we want to explore whether cross-owners can promote collaborative innovation between upstream and downstream enterprises in the supply chain.Therefore,this paper constructs a “supplier-customer” sample pair of listed companies to study the potential impact of common ownership on supply chain collaborative innovation.It should be noted that,this paper uses patent mutual citation as a proxy variable to measure supply chain collaborative innovation,that is,patent mutual citation between suppliers and customers.Using the sample of A-share listed companies from 2012 to 2019,it is found that common ownership significantly promotes supply chain collaborative innovation,and the conc

关 键 词：共同股东 “敲竹杠”问题 供应链协同创新 专利互引 

分 类 号：F272.3[经济管理—企业管理]