省域绿色创新、组织冗余对企业绩效的影响研究——基于中国制造业上市公司的经验分析
|
摘要
论文以2012—2017年共1 298家制造业上市公司的面板数据为样本,实证分析在冗余资源的调节作用下,省域绿色创新环境对企业绩效的影响。在机理分析和研究假设的基础上,建立实证模型并运用系统GMM方法检验了省域绿色创新环境对企业绩效有显著的滞后促进作用,进一步考察了3类组织冗余对绿色创新环境与企业绩效关系的负向调节效应。研究明确了冗余资源的调节作用,为企业应对省域绿色创新环境的变化、提高企业绩效、实现"外部—内部"的联动传导效应提供了实现路径。
This paper takes panel data of 1 298 manufacturing listed companies in 2012-2017 as the sample, and empirically analyzes the impact of provincial green innovation environment on corporate performance under the regulation of organizational redundant resources. Based on the mechanism analysis and research hypothesis, the empirical model was established and the system GMM method was used to test the green growth environment of the province to significantly promote the performance of the enterprise. It further investigates the three types of organizational redundancy to the green innovation environment and corporate performance to clarify the negative adjustment effect of the relationship. The study clarifies the regulation role of organizational redundant resources, and provides a path for enterprises to cope with changes in the provincial green innovation environment, improve corporate performance, and achieve "external-internal" linkage conduction effects.
This paper takes panel data of 1 298 manufacturing listed companies in 2012-2017 as the sample, and empirically analyzes the impact of provincial green innovation environment on corporate performance under the regulation of organizational redundant resources. Based on the mechanism analysis and research hypothesis, the empirical model was established and the system GMM method was used to test the green growth environment of the province to significantly promote the performance of the enterprise. It further investigates the three types of organizational redundancy to the green innovation environment and corporate performance to clarify the negative adjustment effect of the relationship. The study clarifies the regulation role of organizational redundant resources, and provides a path for enterprises to cope with changes in the provincial green innovation environment, improve corporate performance, and achieve "external-internal" linkage conduction effects.
引文
[1]Nakao Y,Amano A,Matsumura K,et al.Relationship between environmental performance and financial performance:An empirical analysis of Japanese corporations[J].Business Strategy&the Environment,2010,16(2):106-118.
[2]Gray W B,Shadbegian R J.Pollution abatement costs,regulation and plant-level productivity[Z].NBER Working Papers 4994,Cambridge:National Bureau of Economic Research,1995.
[3]Porter M E,Claas V D L.Toward a new conception of the environment-competitiveness relationship[J].Journal of Economic Perspectives,1995,9(4):97-118.
[4]胡元林,孙华荣.环境规制对企业绩效的影响：研究现状与综述[J].生态经济,2016(1):94-98.
[5]Hamamoto M.Environmental regulation and the productivity of Japanese manufacturing industries[J].Resource&Energy Economics,2006,28(4):299-312.
[6]史贝贝,冯晨,张妍,等.环境规制红利的边际递增效应[J].中国工业经济,2017(12):40-58.
[7]胡元林,杨爽.环境规制、资源管理对企业绩效影响的实证研究[J].生态经济,2018(3):63-67.
[8]叶红雨,王圣浩.环境规制对企业财务绩效影响的实证研究--基于绿色创新的中介效应[J].资源开发与市场,2017(11):1328-1333.
[9]Lanoie P,Patry M,Lajeunesse R.Environmental regulation and productivity:Testing the porter hypothesis[J].Journal of Productivity Analysis,2008,30(2):121-128.
[10]余伟,陈强,陈华.环境规制、技术创新与经营绩效--基于37个工业行业的实证分析[J].科研管理,2017(2):18-25.
[11]Walley N,Whitehead B.It’s not easy being green[J].Harvard Business Review,1994(72):46-51.
[12]李曼,杨静.绿色创新战略、互补性资产与企业绩效研究--基于江苏省上市公司的实证研究[J].江苏科技信息,2017(33):34-37.
[13]Hart S L.A natural-resource-based view of the firm[J].Academy of Management Review,1995,20(4):986-1014.
[14]Porter M E,van der Linde C.Green and competitive:Ending the stalemate[J].Harvard Business Review,1995(73):120-134.
[15]黄晓杏,胡振鹏,傅春,等.绿色创新战略对企业绩效的影响机理--基于绿色动态能力的中介效应[J].科技进步与对策,2015(17):104-109.
[16]徐建中,贯君,林艳.互补性资产视角下绿色创新与企业绩效关系研究--战略柔性和组织冗余的调节作用[J].科技进步与对策,2016(20):76-82.
[17]Natividad G.Financial slack,strategy,and competition in movie distribution[J].Organization Science,2013,24(3):846-864.
[18]Alessandri T,Cerrato D,Depperu D.Organizational slack,experience,and acquisition behavior across varying economic environments[J].Management Decision,2014,52(5):967-982.
[19]Xu E,Yang H,Quan J M,et al.Organizational slack and corporate social performance:Empirical evidence from China’s public firms[J].Asia Pacific Journal of Management,2015,32(1):181-198.
[20]Mishina Y,Porac P J F.Are more resources always better for growth?Resource stickiness in market and product expansion[J].Strategic Management Journal,2004,25(12):1179-1197.
[21]Marlin D,Geiger S W.The organizational slack and performance relationship:A configurational approach[J].Management Decision,2015,53(10):2339-2355.
[22]Gulati N R.Is slack good or bad for innovation?[J].The Academy of Management Journal,1996,39(5):1245-1264.
[23]Bourgeois L J,Singh J V.Organizational slack and political behavior among top management teams[J].Academy of Management Proceedings,1983(1):43-47.
[24]冯志军.中国工业企业绿色创新效率研究[J].中国科技论坛,2013(2):82-88.
[25]韩晶.中国区域绿色创新效率研究[J].财经问题研究,2012(11):130-137.
[26]Arellano M,Bond S.Some tests of specification for panel data:Monte Carlo evidence and an application to employment equations[J].Review of Economic Studies,1991,58(2):277-297.
[27]Blundell R,Bond S.Initial conditions and moment restrictions in dynamic panel data models[J].Economics Papers,1998,87(1):115-143.
[2]Gray W B,Shadbegian R J.Pollution abatement costs,regulation and plant-level productivity[Z].NBER Working Papers 4994,Cambridge:National Bureau of Economic Research,1995.
[3]Porter M E,Claas V D L.Toward a new conception of the environment-competitiveness relationship[J].Journal of Economic Perspectives,1995,9(4):97-118.
[4]胡元林,孙华荣.环境规制对企业绩效的影响：研究现状与综述[J].生态经济,2016(1):94-98.
[5]Hamamoto M.Environmental regulation and the productivity of Japanese manufacturing industries[J].Resource&Energy Economics,2006,28(4):299-312.
[6]史贝贝,冯晨,张妍,等.环境规制红利的边际递增效应[J].中国工业经济,2017(12):40-58.
[7]胡元林,杨爽.环境规制、资源管理对企业绩效影响的实证研究[J].生态经济,2018(3):63-67.
[8]叶红雨,王圣浩.环境规制对企业财务绩效影响的实证研究--基于绿色创新的中介效应[J].资源开发与市场,2017(11):1328-1333.
[9]Lanoie P,Patry M,Lajeunesse R.Environmental regulation and productivity:Testing the porter hypothesis[J].Journal of Productivity Analysis,2008,30(2):121-128.
[10]余伟,陈强,陈华.环境规制、技术创新与经营绩效--基于37个工业行业的实证分析[J].科研管理,2017(2):18-25.
[11]Walley N,Whitehead B.It’s not easy being green[J].Harvard Business Review,1994(72):46-51.
[12]李曼,杨静.绿色创新战略、互补性资产与企业绩效研究--基于江苏省上市公司的实证研究[J].江苏科技信息,2017(33):34-37.
[13]Hart S L.A natural-resource-based view of the firm[J].Academy of Management Review,1995,20(4):986-1014.
[14]Porter M E,van der Linde C.Green and competitive:Ending the stalemate[J].Harvard Business Review,1995(73):120-134.
[15]黄晓杏,胡振鹏,傅春,等.绿色创新战略对企业绩效的影响机理--基于绿色动态能力的中介效应[J].科技进步与对策,2015(17):104-109.
[16]徐建中,贯君,林艳.互补性资产视角下绿色创新与企业绩效关系研究--战略柔性和组织冗余的调节作用[J].科技进步与对策,2016(20):76-82.
[17]Natividad G.Financial slack,strategy,and competition in movie distribution[J].Organization Science,2013,24(3):846-864.
[18]Alessandri T,Cerrato D,Depperu D.Organizational slack,experience,and acquisition behavior across varying economic environments[J].Management Decision,2014,52(5):967-982.
[19]Xu E,Yang H,Quan J M,et al.Organizational slack and corporate social performance:Empirical evidence from China’s public firms[J].Asia Pacific Journal of Management,2015,32(1):181-198.
[20]Mishina Y,Porac P J F.Are more resources always better for growth?Resource stickiness in market and product expansion[J].Strategic Management Journal,2004,25(12):1179-1197.
[21]Marlin D,Geiger S W.The organizational slack and performance relationship:A configurational approach[J].Management Decision,2015,53(10):2339-2355.
[22]Gulati N R.Is slack good or bad for innovation?[J].The Academy of Management Journal,1996,39(5):1245-1264.
[23]Bourgeois L J,Singh J V.Organizational slack and political behavior among top management teams[J].Academy of Management Proceedings,1983(1):43-47.
[24]冯志军.中国工业企业绿色创新效率研究[J].中国科技论坛,2013(2):82-88.
[25]韩晶.中国区域绿色创新效率研究[J].财经问题研究,2012(11):130-137.
[26]Arellano M,Bond S.Some tests of specification for panel data:Monte Carlo evidence and an application to employment equations[J].Review of Economic Studies,1991,58(2):277-297.
[27]Blundell R,Bond S.Initial conditions and moment restrictions in dynamic panel data models[J].Economics Papers,1998,87(1):115-143.
© 2004-2018 中国地质图书馆版权所有 京ICP备05064691号 京公网安备11010802017129号 地址：北京市海淀区学院路29号 邮编：100083 电话：办公室：(+86 10)66554848；文献借阅、咨询服务、科技查新：66554700 |