国际化战略、逆向技术溢出与企业成长——整合资源与制度视角的中国企业经验分析

在经典国际RD溢出模型的基础上,利用中国制造业上市公司2006-2011年的数据,回归分析企业国际化行为与逆向技术溢出效应的关系并考察企业层面的资源和制度因素以及区域"情境特征"的调节作用。结果发现二者呈倒U型关系;企业人力资源和区域金融发展水平正向调节国际化的逆向溢出;而不同区域的企业制度因素(政府/外资参与)的调节效果有所差异:未考虑区域制度因素时,政府参与正向调节国际化的技术逆向溢出,外资参与不显著;考虑区域制度因素后,外资参与变得正向显著,而政府参与不显著。

Internationalization strategy,reverse technology spillovers and firm growth-Anempirical analysis of Chinese firmsfrom integrating resource and institution perspective

Employing the firm level data of somelisted companies over the period of 2006-2011, this paper examines empirically the relationship between corporate international behaviour and reverse technology spillover effects based on classical international R&D spillover model, and test the moderating impact of firm level factors of resource and institution and situational characteristics of the region. Mainresultscanbedrawnasfollows: there really exist reverse technology spillover effects with an inverted U-shaped relationship between the two.Further, we found corporate absorptive capacity and regional heterogeneity moderate the intensity of reverse technology spillover. The impacts of human resources and the level of regional finance are positive, however, the role of corporate institutional factors (government involvement and foreign involvement) is complex. When considering the institutional factors ofthe region, the impacts of government involvement are insignificant and foreign involvement arepositive; without considering the role of institutional factors of region,results are the opposite.