业绩期望落差、市场竞争与企业开放式创新

基于业绩反馈理论和企业行为理论,以2015—2022年中国沪深A股上市公司为样本,运用OLS基准回归模型探讨市场竞争调节下,业绩期望落差持续性与范围性对企业开放式创新的影响。结果表明,业绩期望落差持续时间与涉及范围逐增致使企业创新开放动机与能力失衡,一致降低开放式创新绩效,强烈的外部市场竞争能够有效抑制其负向作用。机制分析发现,研发投入在业绩期望落差持续性和范围性对企业开放式创新的作用关系中发挥显著遮掩效应,主效应的部分影响被抵消。以上结论为推动业绩困境企业进行科学创新开放决策,打破“无知开放、盲目开放”陷阱提供经验借鉴。

Performance Aspiration Gap, Market Competition and Firms'' Open Innovation

Based on the performance feedback theory and the theory of corporate behaviour, the OLS benchmark regression model was used to explore the impact of the duration and scope of performance expectation gap on the open innovation of firms under the regulation of market competition with a sample of Chinese A-share listed companies in Shanghai and Shenzhen from 2015 to 2022. The results show that the increase in the duration and scope of performance expectation gap leads to an imbalance between firms'' motivation and ability to open innovation, which consistently reduces firms'' open innovation performance, and the strong external market competition can effectively inhibit its negative effect. Mechanism analysis reveals that R&D investment plays a significant masking effect in the relationship between the duration and scope of performance expectation gap on firms'' open innovation, and the main effect is partially cancelled out. The above conclusions provide lessons for promoting scientific innovation and openness decision-making in performance-struggling enterprises and breaking the trap of "ignorant openness and blind openness".