精一赢家战略对企业融通创新的影响研究

doi:10.19571/j.cnki.1000-2995.2025.06.007

摘要/Abstract

摘要： 中小企业是推动我国经济社会高质量发展的关键力量，但囿于资金、人才、技术等因素的制约，导致其参与大企业融通创新的积极性不高。在全社会因地制宜发展新质生产力的背景下，中小企业“精一赢家”战略能否提升其融通创新能力就成为当前实业界和学术界关注的重要问题。本文基于2011—2022年A股上市公司数据，将我国分批次实施的专精特新“小巨人”企业培育政策作为一项准自然实验，利用PSM-DID方法考察了“精一赢家”战略导向对中小企业融通创新的影响。研究发现：“精一赢家”战略显著促进了中小企业融通创新，这主要是通过缓解企业融资约束、增强信息透明度和降低经营风险的作用机制得以实现；基于TOE框架的异质性分析发现，企业数字化转型程度越高、越强调合作文化和地区社会信任度越高时，“精一赢家”战略对融通创新的促进作用越明显；对于创新初期和成长期的中小企业而言，实施“精一赢家”战略对融通创新的激励效应更强；经济后果分析表明，“精一赢家”战略导向下融通创新水平的提高有助于改善企业的市场表现。本文不仅拓展了企业融通创新影响因素和“精一赢家”战略经济后果的相关研究，更为优化制度供给以推动中小企业高质量发展提供了新的经验证据。

关键词: 精一赢家, 融通创新, 专精特新, 中小企业, 核心竞争力

Abstract: Small and medium-sized enterprises (SMEs) are the key forces that promote the high-quality development of China′s economy and society. However, due to constraints such as funding, talent and technology, their enthusiasm for participating in the co-innovation of large enterprises is not high. Under the background of developing new quality productive forces according to local conditions in the whole society, whether the "niche winner" strategy of SMEs can enhance their co-innovation capabilities has become an essential concern in the current practices and academics. Based on the data of A-share listed companies from 2011 to 2022, this paper adopted China′s batch-implemented policy of cultivating specialized, refined, differential and innovative (SRDI) "Small Giants" SMEs as a quasi-natural experiment. We used the PSM-DID method to examine the impact of the "niche winners" strategy on the co-innovation of SMEs. The results showed that the "niche winner" strategy significantly promotes SMEs′ co-innovation, mainly through mechanisms that alleviate financing constraints, enhance information transparency, and reduce operational risks. Moreover, based on the heterogeneity analysis of the TOE framework, it was found that the higher the degree of firm digital transformation, the more emphasis on the cooperation culture, and the higher the level of regional social trust, the more pronounced the promotion effect of the "niche winner" strategy on the corporate co-innovation. In addition, implementing the "niche winner" strategy has a more substantial incentive effect on the co-innovation for SMEs in the early and growth stages of innovation. The analysis of economic consequences showed that the increase of corporate co-innovation under the "niche winner" strategic orientation can help to enhance the firm′s market performance. Our study will not only expand the relevant research on the influencing factors of corporate co-innovation and the economic consequences of the "niche winner" strategy but also provide new empirical evidence for optimizing institutional supply to promote high-quality development of SMEs in China.

Key words: niche winner, co-innovation, specialized, refined, differential and innovative (SRDI), small- and medium-sized(SME), core competitiveness

杜亚光何瑛. 精一赢家战略对企业融通创新的影响研究[J]. 科研管理, 2025, 46(6): 63-72.

Du Yaguang, He Ying. Research on the impact of niche winner strategy on corporate co-innovation[J]. Science Research Management, 2025, 46(6): 63-72.

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