›› 2013, Vol. ›› Issue (6): 938-947.

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Political connection and firm technological innovation performance—— a study on the mediating role of R&D investment

  

  • Received:2012-11-19 Revised:2013-03-08 Online:2013-06-15 Published:2013-06-14

政治关联与企业技术创新绩效——研发投资的中介作用研究

罗明新1,马钦海2,胡彦斌1   

  1. 1. 东北大学工商管理学院
    2. 东北大学
  • 通讯作者: 罗明新

Abstract: This article aims to address the question extant studies has neglected,that is :whether political connection can influence firm technological innovation performance through the enterprise’s internal resource allocation in transition economy?Drawing on the upper echelons theory (UET) and resource-based view (RBV), the article examines the effect of political connection on firm technological innovation performance and explains the mechanism behind. Based on a database covering 158 listed firms in Chinese entrepreneurial stock market during 2009~2011 periods ,the empirical results of this study show that political connection has negative effect on firm technological innovation performance through the mediating role of R&D investment. The logic behind lies in that: political connection has significant negative correlation with R&D investment intensity, while R&D investment intensity has significant positive correlation with technological innovation performance. The implications for upper echelons theory (UET) and resource-based view (RBV),and the magerial implications ,are discussed.

摘要: 现有文献忽视的一个重要问题是:企业高管政治关联是否通过企业内部资源配置从而影响了技术创新绩效?依据高阶理论和资源基础观,实证检验了高管政治关联对企业技术创新绩效的影响及其作用机制。采用中国创业板上市公司2009~2011年数据进行的分析发现,政治关联对技术创新绩效具有显著负向影响,研发投资在其中起到完全中介作用。其作用机制在于:政治关联导致了较低的研发投资强度,而较低的研发投资强度正是阻碍创新绩效提升的关键因素。研究结论对于全面认识政治关联的作用、提升企业创新绩效具有重要的理论意义和管理启示。

关键词: 政治关联, 创新绩效, 研发投资, 高阶理论, 资源基础观, political connection, technological innovation performance, R&D investment, upper echelons theory, resource-based view

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