技术多元化、行业集中度与企业绩效波动

技术多元化是企业提高核心竞争力的重要手段,在不同行业背景下,技术多元化战略对于企业绩效的稳定作用存在一定的差异.运用2009—2018年710家创业板公司IPC发明专利信息数据,采用固定面板模型,基于行业特征与行业集中度视角研究了技术多元化对于企业绩效波动的影响.研究发现:技术多元化对于企业绩效波动有明显平滑效果;在高科技行业中,技术多元化对企业绩效波动的平滑效应相对较强;行业集中度低的情况下,技术多元化对企业绩效波动的平滑效应相对较强,而在高行业集中度的情况下,平滑效应近乎无效.为企业的技术知识基础建设提供重要依据,同时为不同行业背景下的多元化产业技术生态建设提供科学的理论指导.

Technological Diversification, Industry Concentration and Firm Performance Fluctuations

Technological diversification is one of the important means for firms to improve the core competitiveness, and there are some differences in the stabilizing effects of technological diversification strategies on firm performance in different industry contexts. Using IPC invention patent information data of 710 GEM companies from 2009 to 2018, based on industry characteristics and industry concentration perspective using a fixed panel model, the relationship between technological diversification and corporate performance fluctuations were explored. It is found that: Technological diversification has a significant smoothing effect on corporate performance fluctuations; The smoothing effect of technological diversification on corporate performance is relatively strong in high-tech industries; Technological diversification facilitates relatively strong smoothing of corporate performance fluctuations in the case of low industry concentration, while the smoothing effect is nearly ineffective in the case of high industry concentration. It provides an important basis for the construction of technological knowledge infrastructure of enterprises, and also provides scientific theoretical guidance for the construction of technological ecology of diversified industries in different industry contexts.