地方政府“两手”供地策略与制造企业技术创新——基于房地产投资视角的分析  

Local Government’s“Two-Way”Land Supply Strategy and Technological Innovation of Manufacturing Enterprises——A Perspective Based on Real Estate Investment

作　　者：王海杰[1] 陈思源 贾傅麟 WANG Haijie;CHEN Siyuan;JIA Fulin(Business School of Zhengzhou University,450001)

机构地区：[1]郑州大学商学院,450001

出　　处：《制度经济学研究》2024年第3期12-35,共24页Research on Institutional Economics

基　　金：国家社会科学基金重点项目“新发展格局下中国制造业产业链技术安全战略研究”(编号:21AZD109)

摘　　要：释放城市土地资源潜力,推动企业技术创新,是实现制造业转型升级的重要抓手。本文以2007~2020年中国沪深A股制造业上市公司为研究样本,系统探讨了地方政府“两手”供地策略对制造企业技术创新的影响效应,并从房地产投资视角分析了两者之间的作用机制。研究发现,地方政府“两手”供地策略对企业技术创新的影响效应具有门槛特征,随着“两手”供地策略力度加大,其影响效应由不显著转变为显著的抑制效应。进一步分析表明,房地产投资在“两手”供地策略与企业技术创新之间发挥完全中介作用,中介效应受经济政策不确定性调节,随着“两手”供地策略力度加大和经济政策不确定性提升,中介效应会逐渐增大。本文为研究地方政府“两手”供地策略与企业技术创新关系提供了新的视角,为优化城市土地资源配置、激发企业技术创新活力提供了经验证据和政策启示。Unleashing the latent potential of urban land resources and driving technological innovation of enterprises are crucial levers for achieving the transformation and upgrading of the manufacturing industry.Based on panel data of manufacturing enterprises in the A-share market from 2007 to 2020,this paper systematically explores the impact of local government's“two-way”land supply strategy on technological innovation in manufacturing enterprises,and analyzes the interaction mechanism between them from a new perspective based on real estate investment.This paper finds that the impact of local government’s“two-way”land supply strategy on technological innovation in enterprises exhibits a significant nonlinear threshold feature.With the intensity of“two-way”land supply strategy increases,its impact shifts from insignificant to significantly inhibitory.Ulteriorly,real estate investment plays a complete intermediaryrole between“two-way”land supply strategy and technological innovation.The intermediary effect is modulated by economic policy uncertainty,that is,the intermediary effect increases with the intensity of“two-way”land supply strategyand economic policy uncertainty rises.This paper offers a new perspective on the relationship between local government's“two-way”land supply strategy and enterprisetechnological innovation,providing empirical evidence and policy insights for optimizing urban land resource allocation and catalyzing vitality in enterprise technological innovation.

关 键 词：“两手”供地策略 企业技术创新 房地产投资 制造业 

分 类 号：F272.3[经济管理—企业管理]