利益相关者压力、企业风险承担意愿与创新韧性  

Stakeholder Pressure,Corporate Risk-Taking Willingness and Innovation Resilience

作　　者：刘兵[1] 刘众 LIU Bing;LIU Zhong(School of Economics and Management,Hebei University of Technology,Tianjin 300401,China)

机构地区：[1]河北工业大学经济管理学院,天津300401

出　　处：《经济与管理》2025年第2期59-66,共8页Economy and Management

基　　金：国家社会科学基金项目(20BGL297)。

摘　　要：探究企业创新韧性的影响因素以维持创新活动顺利进行是当前复杂多变环境下亟需解决的现实问题。基于2008—2022年中国上市公司数据,分析利益相关者压力对企业创新韧性的影响。结果表明:利益相关者压力显著正向影响创新韧性,影响程度存在生产要素异质性;利益相关者压力通过增加企业风险承担意愿来提高创新韧性;当企业本身经营风险较低时,利益相关者压力对创新韧性的正向作用以及企业风险承担意愿的中介作用更为显著。企业应密切关注、精准解读和有效利用利益相关者压力,同时适当提升风险承担意愿,以实现创新韧性提升。Based on data from Chinese listed companies from 2008 to 2022,this study analyzes the impact of stakeholder pressure on corporate innovation resilience.The results indicate that stakeholder pressure has a significant positive effect on innovation resilience.Specifically,stakeholder pressure enhances innovation resilience by increasing the willingness of enterprises to take risks.Furthermore,when enterprises themselves face relatively low operational risks,the positive effect of stakeholder pressure on innovation resilience,as well as the mediating role of enterprises'willingness to take risks,becomes more pronounced.Firms should closely monitor,accurately interpret,and effectively leverage stakeholder pressure while appropriately increasing their risk-taking willingness to enhance innovation resilience.

关 键 词：创新韧性 利益相关者压力 风险承担 经营风险 

分 类 号：F124.3[经济管理—世界经济] F276.6