科研管理

科研管理 ›› 2016, Vol. 37 ›› Issue (10): 69-78.

• 论文 • 上一篇    下一篇

企业生命周期下智力资本与创新绩效关系研究

曹裕1,熊寿遥1,2,胡韩莉1   

  1. 1中南大学 商学院，湖南 长沙410083；
    2长沙理工大学 数学与统计学院，湖南省水生资源
          食品加工工程技术研究中心，湖南 长沙410114
  • 收稿日期:2014-08-06 修回日期:2016-02-29 出版日期:2016-10-20 发布日期:2016-10-17
  • 通讯作者: 熊寿遥
  • 基金资助:

    国家自然科学基金项目“基于博弈论视角的我国食品行业监管模型与机制创新研究”(项目号：71573281，起止日期：2016.01-2019.12)；中南大学创新驱动项目“供给侧改革战略新形势下的食品行业社会共治机制研究”(项目号：2016CX040，起止日期：2016.01-2017.12)；教育厅一般项目“食品行业多主体组合监管中的若干动态博弈模型研究” (项目号：15C0027，起止时间：2015.09-2017.08)；湖南省水生资源食品加工工程技术研究中心开放基金资助项目“湖南省淡水产业食品安全监管体系研究”(项目号：2015GCZX07，起止时间：2016.01-2017.01)。

A study of the relationship between intellectual capital and innovation performance based on the life cycle of enterprises

Cao Yu 1, Xiong Shouyao 1,2 ,Hu Hanli 1   

  1. 1. Business School, Central South University, Changsha 410083, Hunan, China;
    2. School of Mathematics and Statistics, Hunan Aquatic Resources and Food Processing Engineering
    Technology Research Center, Changsha University of Science and Technology, Changsha 410114, Hunan, China
  • Received:2014-08-06 Revised:2016-02-29 Online:2016-10-20 Published:2016-10-17

摘要： 智力资本对创新绩效具有直接影响，处于不同生命周期阶段的企业，智力资本构成要素对创新绩效的影响表现不同。本文根据面板数据模型和修正的智力增值系数(MVAIC)，利用2007-2012年中国上市公司的面板数据，对企业不同生命周期阶段智力资本及各个要素与创新绩效的关系进行实证研究。结果表明：智力资本投资在企业的各个生命周期阶段对创新绩效表现显著正向作用；人力资本投资在企业各个生命周期阶段对创新绩效影响较小，在成长期表现为负向作用，流程资本、关系资本和创新资本投资在企业各个生命周期阶段对创新绩效表现显著正向促进作用；在成长期和衰退期，创新资本投资的影响系数较大，在成熟期，关系资本投资的影响系数较大。研究结果为处于不同生命周期阶段的企业进行创新投资决策提供实证依据。

关键词: 智力资本, 企业生命周期, 创新绩效

Abstract: Intellectual capital plays different roles in innovation performance in different life cycle stages of enterprise. According to the panel data model and the modified value added intellectual coefficient and the panel data of the Chinese listed companies from 2007 to 2012, this paper empirical study of the relationship between the intellectual capital and innovation performance of the enterprise in different life cycle stages. The results show that the total investment intellectual capital of enterprise has a significant positive effect on innovation performance in the life cycle stages. Human capital investment in the life cycle phase has little impact on innovation performance, even a negative role in growth period. Process capital investment, relational capital investment and innovation capital investment plays a significantly positive role of innovation performance respectively in the life cycle. In the growth and decline stages, innovation capital investment effect coefficient is larger than others. In the mature stages, relationship capital investment effect coefficient is larger than others. The conclusion of the research provides empirical basis of innovation performance and investment decision-making reference for enterprises in different life cycle stages.

Key words: intellectual capital, enterprise life cycle, innovation performance