国有企业冗员与企业创新

摘要以2008—2018年国有上市公司为样本,重点研究了国有企业内部冗员与企业创新的关系。研究发现:冗员对国有企业创新的影响存在区间效应,即适度冗员有助于在一定范围内提高国企的研发投资力度,但随着国企冗员负担的持续增加,冗员产生的倒逼机制减弱,从而抑制了国企的研发投资力度。进一步研究发现:产品市场竞争程度对于冗员和研发投资的关系起到了负向调节作用。国企冗员与研发投入之间的关系在商业类国企中比在公益类国企中更加显著,稳健性检验的结果表明,其他外部环境变量如产权性质、年度、行业等对结果没有显著影响。

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	王靖宇
	张文珂
	李慧聪

关键词：冗员产品市场竞争企业创新国有企业

Abstract： Taking the state-owned listed companies from 2008 to 2018 as samples, this paper emphatically studies the relationship between redundancy and enterprise innovation in state-owned enterprises. The research finds that the influence of redundancy on the innovation of state-owned enterprises has an interval effect, that is, moderate redundancy helps to improve the R&D investment of state-owned enterprises in a certain range, but with the continuous increase of the burden of redundancy in state-owned enterprises, the pressure mechanism of redundancy weakens, thus restraining the R&D investment of state-owned enterprises. Further research shows that the degree of product market competition has a negative moderating effect on the correlation between redundancy and R&D investment. In addition, the correlation between redundancy and R&D investment in state-owned enterprises is more significant in commercial state-owned enterprises than in public-welfare state-owned enterprises, and the robustness test is carried out to ensure the robustness of the results. His external environment variables, such as year, industry and so on, have no significant impact on the results.

Keywords： Redundant Burden Industrial Competition Innovation SOEs

收稿日期 2019-06-29; 接受日期 ;

基金资助:国家自然科学基金青年项目(71702006)

通讯作者 张文珂(1992— ),男,河南郑州人,博士研究生,主要从事公司治理与企业创新研究。

作者简介: 王靖宇(1992— ),男,河北廊坊人,博士研究生,主要从事公司治理与企业创新研究;张文珂(1992— ),男,河南郑州人,博士研究生,主要从事公司治理与企业创新研究;李慧聪(1984— ),女,山东济南人,博士,副教授,主要从事财务与企业创新研究。

引用本文:

王靖宇, 张文珂, 李慧聪.国有企业冗员与企业创新[J]. 经济经纬, 2020,3: 117-124

WANG Jingyu, ZHANG Wenke, LI Huicong.Redundant Employment and Innovation of State-owned Enterprises[J] Economic Survey, 2020,V37(3): 117-124

链接本文:

http://www.jjjw.org.cn/CN/ 或 http://www.jjjw.org.cn/CN/Y2020/V37/I3/117

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