摘要
成长性是衡量企业未来发展趋势以及发展潜力的重要指标,而且制造业上市公司创新投入与企业成长性之间的关系始终是学术界关注的焦点问题。文章基于我国制造业沪深A股上市公司2017年至2021年间的数据,对创新投入与企业成长性之间的关系和以股权集中度对二者的调节效应进行了检验。研究发现,制造业上市公司创新投入与企业成长性间呈现显著的正相关关系,即创新投入越多的企业,其成长能力越好;股权集中度与企业成长性呈现显著正相关关系;股权集中度在创新投入与企业成长性之间能够起到正向的调节作用。研究结论进一步丰富了企业成长性的理论研究,可以为政府与企业制订促进企业高质量发展的政策提供一定借鉴和参考。
Growth is an important index to measure the future development trend and potential of enterprises,and the relationship between innovation investment and growth of listed manufacturing companies is always the focus of academic circles.Based on the data from 2017 to 2021 of our manufacturing listed companies in Shanghai and Shenzhen,this paper examines the relationship between innovation investment and corporate growth,and the moderating effect of ownership concentration on both.The results show that there is a significant positive correlation between innovation input and corporate growth.The more innovation input,the better the firm's growth.There is a significant positive correlation between equity concentration and corporate growth,and equity concentration can play a positive role in regulating the relationship between innovation investment and firm growth.The conclusion enriches the theoretical research on the growth of enterprises,and provides reference for the government and enterprises to formulate policies to promote the highquality development of enterprises.
作者
王鸿
徐子媛
Wang Hong;Xu Ziyuan(School of Economics and Management,University of Heilongjiang Qiqihar)
出处
《理论观察》
2023年第5期88-96,共9页
Theoretic Observation
基金
黑龙江省哲学社会科学研究规划项目(22GLB109)
黑龙江省经济社会发展重点研究课题基地专项(21538)
黑龙江省省属高校基本科研业务费党的二十大专题项目(145209614)
齐齐哈尔市哲社规划项目(QSX2022-09YB)
齐齐哈尔大学研究生创新科研项目(YJSCX2022071)。
关键词
创新投入
股权集中度
企业成长性
Innovation Investment
Equity Concentration
Enterprise Growth
