摘要
本文提出中国企业存在创新绩效脆弱的现象,企业增加价值分配结构对创新绩效的脆弱性存在非线性影响这一观点,以168家上市公司作为样本,对企业的创新绩效脆弱性进行测度,并以托宾Q为门槛变量通过门槛面板模型进行实证检验。研究结果表明:创新匮乏和不可解释风险造成的并存在恶化趋势的创新绩效脆弱性正困扰着中国企业;企业的增加价值分配结构中,股东所得、债权人所得和政府所得与创新绩效脆弱性之间存基于托宾Q的门槛效应;员工所得与创新绩效脆弱性之间不存门槛效应。
This paper proposes that Chinese companies have innovation performance vulnerability and their added value distribu-tion structure has a non - linear influence on their innovation performance vulnerability. Based on the data of 168 listed compa-nies, this paper measures the innovation performance vulnerability and conduct an empirical research by using the threshold panel model, in which Tobin＇ s Q is employed as a variable threshold. The results show that the innovation performance is vulnerable in Chinese companies and lack of innovative competence and unexplainable risks are the primary reason for their performance vulner-ability. Furthermore, lack of innovation and performance vulnerability is becoming worse. When Tobin＇ s Q is used as the varia-ble threshold, significant threshold effects between shareholders＇ share, creditor＇ s share and government＇ s share and innovation performance vulnerability are identified. But there are no significant threshold effects found between employees＇ share and inno-vation performance vulnerability.
作者
栾斌
杨俊
Luan Bin;Yang Jun(College of Business,Jiaxing University,Jiaxing 314001,Zhejiang,China;School of Economics and Business Administration,Chongqing University,Chongqing 400030,China)
出处
《科研管理》
CSSCI
CSCD
北大核心
2018年第10期22-30,共9页
Science Research Management
关键词
创新绩效
脆弱性
增加价值分配结构
门槛效应
innovation performance
vulnerability
added value distribution
threshold effects
作者简介
栾斌（1982-），男，云南昆明人，副教授，博士，研究方向：企业技术创新脆弱性,通讯作者：栾斌。;杨俊（1972-），男，重庆人，教授，博士，研究方向：产业经济。
