|
|
|
| Dual Innovation, Entrepreneur's Risk-taking Tendency and Enterprise Performance |
| Qi Xiuhui ,Wang Yifeng,Sun Zhengling |
| （School of Economics and Management, Qiqihar University, Qiqihar 161006,China） |
|
|
|
|
Abstract Based on the basic resource theory of enterprises, a share listed companies from 2013 to 2017 are selected as research samples to explore the internal relationship among dual innovation, entrepreneurial risk taking tendency and enterprise performance by using Generalized Least Square method. The empirical results show that there is a significant positive correlation between exploratory innovation and enterprise performance, but no significant effect of utilization innovation. The risk taking tendency of entrepreneurs has a significant negative impact on enterprise performance, which can significantly promote the exploration innovation of enterprises, but has no significant impact on the utilization innovation. Entrepreneurial risk taking tendency is a semi-moderating variable of the relationship between dual innovation and enterprise performance. In the grouping test, it has a significant moderating effect on the group of non-state-owned enterprises, but not significant moderating effect on the group of state-owned enterprises. This study provides a path reference for enterprises to continuously improve their innovation ability and drive their performance level to rise.
|
|
Received: 07 November 2019
|
|
|
|
|
|
| [1]JAMES G MARCH.Exploration and exploitation in organizational learning[J].Organization Science,1991,2(1).[2]JANSEN J J P, VAN DEN BOSCH, F A J,et al.Exploratory innovation, exploitative innovation, and performance:effects of organizational antecedents and environmental mod-erators[J].Management Science, 2006, 52 (11) :1661-1674.[3]BENNER M J,TUSHMAN M L.Exploitation,exploration, and process management:the productivity dilemma revisited[J].Academy of Management Review,2003,(28):238-256.[4]HIRSHLEIFER D, LOW A, TEOH S H.Are overconfident CEOs better innovators[J].The Journal of Finance, 2012, 7 (4) :1457-1498.[5]王素莲,赵弈超.RD投资、企业家冒险倾向与企业创新绩效——基于不同产权性质上市公司的实证研究[J].经济与管理,2018,32(6):45-50.[6]王素莲.产权特征对企业家风险偏好与盈余质量关系的调节效应研究——基于沪深A股上市公司的实证分析[J].福建论坛（人文社会科学版）,2017(11):36-42.[7]龚光明,曾照存.公司特有风险、管理者风险特质与企业投资效率——来自中国上市公司的经验数据[J].经济与管理研究,2013(11):67-75.[8]SHENG-SYAN CHEN,KENG-YU HO,PO-HSIN HO.CEO overconfidence and long-term performance following R& D increases[J].Financial Management,2014,43(2).[9]李忆,司有和.探索式创新、利用式创新与绩效:战略和环境的影响[J].南开管理评论,2008(5):4-12.[10]李柏洲,殷婧钰,苏屹.研发资本、双元创新与企业绩效[J].哈尔滨工程大学学报,2019,40(3):634-640.[11]岑杰,陈力田.二元创新节奏、内部协时与企业绩效[J].管理评论,2019,31(1):101-112+146.[12]金昕,陈松,邵俊岗.双元创新战略、组织动态能力对企业绩效的多维度影响[J].预测,2019,38(1):30-36.[13]LEVINTHAL D A, MARCH J G.The myopia of learning[J].Strate-gic Management Journal, 1993 (14) :95-112.[14]HAMBRICK D C, MASON P A.Upper echelons:the organization as a reflection of its top managers[J].Academy of Management Review, 1984 (9) :193-206.[15]金豪,夏清泉.上市公司管理者风险偏好与公司非效率投资——基于国有企业与非国有企业的比较分析[J].上海对外经贸大学学报,2017,24(2):61-71.[16]翟淑萍,毕晓方.环境不确定性、管理层自信与企业双元创新投资[J].中南财经政法大学学报,2016(5):91-100+159.[17]朱磊,徐晓彤,王春燕.产业环境、管理者任期与企业双元创新投资——来自创业板的经验数据[J].证券市场导报,2017(6):4-11+19.[18]李传宪,黄丽.政府补贴对新能源上市公司双元创新投入影响研究[J].中国科技论坛,2019(3):11-18.[19]张应语,李志祥.基于管理风险偏好量表的管理风险偏好实证研究——以大型国有企业管理人员为例[J].中国软科学,2009(4):175-184.[20]王凤彬，陈建勋，杨阳.探索式与利用式技术创新及其平衡的效应分析[J].管理世界，2012（3）：96-112.[21]李艾,李君文.调节变量(moderator)辨析：类型、表述和识别[J].数理统计与管理,2008(2):257-264.[22]乔元波,王砚羽,邹仁余.非线性模型连续调节变量检验的实现方法[J].统计与决策,2017(9):9-14.[23]何立胜,陈元志.国有企业创新发展状况与高管认知[J].改革,2016(12):37-45. |
|
|
|
