促进还是抑制:新能源车企被动型异地投资对创新产出的影响  

Promote or Inhibit:Impact of Passive Cross-Regional Investment by New Energy Vehicle Enterprises on Innovation Output

作　　者：熊勇清[1] 颜泉润 XIONG Yong-qing;YAN Quan-run(School of Business,Central South University,Changsha 410083,China)

机构地区：[1]中南大学商学院,长沙410083

出　　处：《研究与发展管理》2024年第3期125-136,共12页R&D Management

基　　金：国家自然科学基金项目“新能源汽车技术创新中政策与市场的协同互补及其有效性研究”(72274221)。

摘　　要：中国新能源汽车市场发展过程中存在较多的“地方保护”现象,新能源车企为了迎合一些地方保护政策而不得不选择异地投资。这种被动型的异地投资会干扰企业既定的创新计划,进而影响新能源车企的创新产出。利用2009—2021年新能源汽车上市公司的数据,检验了被动型异地投资对创新产出的具体影响。结果表明,新能源车企被动型异地投资显著抑制了创新产出。影响渠道检验进一步表明,被动型异地投资主要通过“资源侵占效应”和“需求同质效应”两条影响渠道来抑制创新产出。在考虑了组别差异后,被动型异地投资对创新产出的抑制作用存在有效性边界:当被动型异地投资较为集中时,不存在显著的抑制作用;当中国新能源汽车市场处于推广前期时,仅表现为不显著的抑制趋势。研究结论丰富了异地投资影响创新产出的分析框架,优化了新能源车企异地投资的战略选择,同时为坚决破除中国新能源汽车地方保护提供了经验证据。There have been many local protectionism phenomena during the development process of China's new energy vehicle(NEV) market.As a result,NEV enterprises had no choice but to invest in some cross-regions for catering to some local protection policies.This passive type of cross-regional investment interfered with the established innovation plan of NEV enterprise,thereby affecting the innovation output.Using the data of NEV listed companies from 2009 to 2021,it tested the concrete impact of passive cross-regional investment on innovation output.The results show that the passive cross-regional investment of NEV enterprises significantly inhibits innovation output.The influence channel test further shows that the passive cross-regional investment mainly inhibits innovation output through the resource occupation effect and demand homogeneity effect.Meanwhile,it finds an effective boundary for this negative impact.When passive cross-regional investment is more concentrated,there is no significant inhibitory effect;before the late growth stage of the NEV market,there is no significant impact but only a negative effect trend.It enriches the analytical framework about the impact of cross-regional investment on innovation,optimizes the crossregional investment choice of NEV enterprises strategically,and provides empirical evidence for resolutely abolishing the local protectionism of NEV in China.

关 键 词：新能源汽车 被动型异地投资 创新产出 资源侵占效应 需求同质效应 

分 类 号：F272[经济管理—企业管理]