CAJ | 학술논문

创新是企业保持长久竞争力的不竭动力,创新行为对企业经营绩效会产生重要影响。运用面板随机效应模型和分位数回归方法,以2007年、2008年及2009年共3年的微观企业数据为样本,就创新行为与创业板公司的经营绩效进行了实证分析,研究表明：创新投入对经营绩效有正向促进作用,但缺乏弹性,并且其对经营业绩不好与经营业绩很好的公司影响都较小,最大受益者是经营业绩一般的公司。专利与企业经营绩效正相关,但专利对公司经营绩效条件分布的影响幅度并不稳定,表现出较大的波动性,非参数BootStrap方法表明以上回归结果具有稳健性。
창신시기업보지장구경쟁력적불갈동력,창신행위대기업경영적효회산생중요영향。운용면판수궤효응모형화분위수회귀방법,이2007년、2008년급2009년공3년적미관기업수거위양본,취창신행위여창업판공사적경영적효진행료실증분석,연구표명：창신투입대경영적효유정향촉진작용,단결핍탄성,병차기대경영업적불호여경영업적흔호적공사영향도교소,최대수익자시경영업적일반적공사。전리여기업경영적효정상관,단전리대공사경영적효조건분포적영향폭도병불은정,표현출교대적파동성,비삼수BootStrap방법표명이상회귀결과구유은건성。
Innovation is the lasting strength for a firm to keep its competition,and innovative behaviors have great impact on firms performance.Using random effects model and quantile regress and data from 2007 to 2009,this paper research the relationship between innovative behaviors and firms＇ performance,which find that：innovative investing has positive impact on firm performance but lacks elasticity,and it has smaller impact on bad performance firms and good performance firms,and then the great beneficiary are general performance firms.Patents are positively related with firms＇ performance,but their impacts on firm performance conditional distribution are not stable.Non-parameter bootstrap method shows that outcomes above are robust.