摘要
企业基础研究存在知识溢出效应,但溢出效应的技术特征如何影响企业市场表现尚未有充分的研究。基于2000—2022年国内216家上市公司论文发表与专利引用数据,测度并分析知识溢出的技术扩散性和技术可拓展性对企业市场表现的异质化影响。结果显示,知识溢出的技术扩散性对企业市场表现有显著负向影响,而技术可拓展性则有显著正向影响;在知识溢出过程中,较高的团队成员流动性会抑制技术可拓展性对市场表现的正向效应,强化技术扩散性对市场表现的负向影响。此外,进一步讨论了双重知识溢出效应在不同外部市场环境下的差异化作用机制。
Firms conducting basic research can expand their influence,but at the same time,they also face the risk of knowledge spillover.However,there is little research discussing how different technological features of knowledge spillovers affect source firm's market performance.Specifically,there are two main gaps first,insufficient attention has been paid to the flow of knowledge between science and technology,lacking a perspective on the dynamic evolution of knowledge;second,there is a lack of differentiation among the technical elements generated by knowledge spillover,overlooking the distinct technical characteristics that the spillover of basic research exhibits in subsequent technological fields.This study delves into the dual effects of knowledge spillover in firms'basic research,focusing on how different technological characteristics emerging from such research impact firms'market performance.This article presents a statistical analysis of the knowledge spillover from the publication of papers by 216 listed firms in China and subsequent patent citations by other enterprises,and constructs an imbalanced panel data between 2000 and 2022.The study uses two technical characteristics of basic research(technology diffusivity and technology expandability)to analyze the impact mechanism of knowledge spillovers on the market performance of firms.The findings demonstrate how these two dimensions of technology derived from basic research influence a firm's market performance,both positively and negatively.This study contributes to understanding the specific mechanisms through which knowledge spillover affects firm innovation output and market positioning.The key findings reveal a contrasting impact of the two technological characteristic mechanisms.Technological diffusivity tends to have a negative impact on market performance,suggesting that when firms'basic research is easily replicable,it diminishes a firm's competitive edge.Conversely,technological expandability is associated with a positive market impact,indicating that research that can be expanded and built upon stimulates market performance by fostering innovation that is more scalable.The paper also discusses how team member mobility within firms can influence these effects.High team member mobility tends to mitigate the positive impacts of technological scalability on a firm's market performance while exacerbating the negative impacts of technological diffusivity.This introduces a complex interplay between internal firm dynamics and the external market effects of basic research.Moreover,the research contextualizes these findings within different external market environments,suggesting that the dual effects of knowledge spillover are modulated by external market conditions.This aspect adds a layer of depth to the strategic decisions firms must make regarding their engagement in basic research.This article helps the academic community understand the behavioral motivations of enterprises in basic research phenomena and their strategic choices in technical elements of basic research.In terms of research innovation,this study contributes to the academic discourse by providing a nuanced analysis of the specific technological characteristics of basic research and their distinct impacts on market performance.It extends the literature on innovation management by highlighting the strategic importance of managing not just the output of basic research but also its inherent characteristics that influence knowledge spillover.In conclusion,this article enriches the understanding of how firms'basic research impacts market performance through the lens of knowledge spillover.It offers valuable insights for firm strategists and policymakers on optimizing the benefits of basic research while mitigating its risks.The findings advocate for a strategic approach to managing the expandability and diffusivity of technological innovations derived from basic research,ensuring that firms can leverage these for competitive advantage in a dynamic market environment.This comprehensive analysis not only advances academic knowledge but also provides practical frameworks for enhancing firm innovation strategies in the face of global competitive pressures.The nuanced understanding of the dual effects of knowledge spillover as presented in this study is crucial for firms aiming to sustain and enhance their market positions through strategic innovation management.
作者
王宇航
侯万方
康乐乐
Wang Yuhang;Hou Wanfang;Kang Lele(School of Information Management,Nanjing University,Nanjing 210046,China;Nanjng University Laboratory of Data intelligence and Interdisciplinary Innovation,Nanjing 210046,China)
出处
《科技进步与对策》
北大核心
2026年第3期120-128,共9页
Science & Technology Progress and Policy
基金
国家自然科学基金项目(72072087)。
关键词
企业基础研究
知识溢出
科学-技术融合
技术扩散性
技术可拓展性
Firms'Basic Research
Knowledge Spillover
Science-technology Integration
Technological Diffusivity
Technological Expandability
