摘要
民企是我国技术创新的主力军,贡献了70%以上的技术创新成果,因此其“质”与“量”事关国家创新战略的成败。本文基于2007-2015年A股民营上市公司的客户订单数据,从供应链风险传递的视角综合考察了政府背景大客户对民营企业创新活动质量与数量的影响。实证结果表明,政府背景客户能够同时提升民营企业的研发质量与投入,且来自中央层级的订单与稳定性较强的订单能更显著地强化这一促进关系;进一步的分析还发现,良好的政企客户关系能通过缓解企业面临的风险来促进其创新质量的改善与投入的增加。从学术的角度上讲,本文的研究发现有助于理解客户结构对市场经济环境下企业创新活动的影响,助推我国经济又好又快发展。
Along with the expansion of government procurement and the reduction of government subsidies,the importance of major government customer to the capital market is increasing.Based on the customer data of private listed firms from 2007 to 2015,this paper studies the impact of major government customer on innovation in China from the perspective of quality and quantity.The results indicate that the presence of government-based customers help to improve the innovation significantly from the perspective of quality and quantity.Moreover,the relationship is more evident when the customer is more consistent,and private firms enjoy more promotions with the help of central government-based customers.Finally,the paper also shows that the existence of government-based customer can effectively alleviate enterprises’operating risk,so that to promote their innovation.
作者
窦超
白学锦
陈晓
DOU Chao;BAI Xue-jin;CHEN Xiao
出处
《中央财经大学学报》
CSSCI
北大核心
2020年第11期43-56,共14页
Journal of Central University of Finance & Economics
基金
国家自然科学基金项目“政府背景大客户能否助力民企纾困?——影响因素、作用机理及经济后果”(项目编号:72002235)
教育部人文社会科学研究青年基金项目“政府背景客户能否改善资本市场认知——基于“供应链风险传递”与“政府扶持”双重视角”(项目编号:20YJC630016)。
关键词
政府背景大客户
民营企业
创新质量
创新数量
Major government customer
Private firm
Innovation quality
Innovation quantity
