摘要
研究企业在同群效应下会积极创新还是保守创新,有助于制定相关政策,以激发企业创新活力、优化群体创新环境。构建理论模型、结合实证检验,研究同群效应下的企业创新决策,发现同群效应下的企业创新决策表现为参考点依赖。前期创新投入与同群企业距离越远,企业创新积极性越高;创新成功率低于同群企业越多,企业创新积极性越高。随着创新成功率差值变化,投入距离对创新积极性的影响存在门槛效应。通过工具变量、替换变量、更换样本、重新划分群体等方法证明了结论稳健。进一步分析发现,在信息质量更差、竞争强度更大的群体中,企业的参考点依赖倾向更强。
Studying whether enterprises under peer effects tend to innovate actively or conservatively helps formulate relevant policies to stimulate corporate innovation vitality and optimize the group innovation environment.By combining theoretical models with empirical tests to study enterprise innovation decisions under peer effects,we find that such decisions exhibit reference point dependence.The further the distance between early-stage innovation investment and peer enterprises,the higher the enthusiasm for innovation within the enterprise;likewise,a greater difference in innovation success rates compared to peer enterprises leads to higher enthusiasm for innova-tion within the enterprise.As the difference in innovation success rates changes,there is a threshold effect on the impact of investment distance on enthusiasm for innovation.The robustness of these conclusions is demonstrated through instrumental variables,substitution variables,replacement of samples,and resampling of groups.Further analysis reveals that corporations exhibit stronger tendencies to-ward reference point dependence in groups with lower information quality and higher competition intensity.
作者
巴曙松
程远飞
熊婉芳
BA Shusong;CHENG Yuanfei;XIONG Wanfang(HSBC Financial Research Institute,Peking University,Shenzhen 518055,China;China Construction Bank Platform Operation Center,Hefei 230001,China;School of Accounting,Guangdong University of Foreign Studies,Guangzhou 510420,China)
出处
《经济与管理》
CSSCI
北大核心
2024年第5期50-60,共11页
Economy and Management
关键词
创新决策
同群效应
理性预期
参考点依赖
innovation decision
peer effect
rational expectations
reference point dependence
