关键词: 技术关联 , 互补资产 , 绩效 , technolgical relatedness, complementary assets, performance

Abstract: Most research on technological relatedness or complementary assets has been carried out in isolation when assessing their effects on performance. However, complementary assets can moderate the effects of technological relatedness on performance. By taking china high-tech listed companied from 2004-2010 panel data as an example, the paper analyzes the relationship between the technological relatedness and enterprise performance and different specialized complementary assets have distinctive moderating effects on this relationship. The result shows that technological relatedness has an invered U-shaped relationship with performance. The more human capital complementary assets are available, the greater the positive impact of technological relatedness on enterprise performance. Marketing complementary assets has no moderating effects on this relationship. We conclude that maintaining a coherent relationship between technological relatedness and complementary assets can give firms generates competitive advantage.