制度逻辑与新创企业技术创新模式:往期绩效和介入时间的调节作用

基于5省236家新创企业的调研数据,从利益相关者的制度逻辑入手,分析了风险投资者和政府机构对新创企业探索式创新和利用式创新的影响,以及企业往期绩效和利益相关者介入新创企业发展时间的调节作用。研究发现:(1)获得风险投资机构资金的新创企业倾向于采取利用式创新,而获得政府机构资金扶持的新创企业倾向于探索式创新;(2)新创企业往期绩效越好,其在获得风险投资机构资金后采取利用式创新的可能性越小,而在获得政府机构资金扶持后采取探索式创新的可能性越大;(3)风险投资机构介入新创企业发展的时间越长,新创企业采取利用式创新的可能性越大,而政府机构介入新创企业发展的时间越长,新创企业采取探索式创新的可能性越大。

Institutional Logic and New Ventures' Technological Innovation Mode:Examining the Effect of Past Performance and Intervention Duration

Based on the analysis of questionnaire investigation data from 236 new ventures in 5 provinces,this paper draw on the institutional theory ,examined the effect of institutional logic of venture capitalists (VCs) and government on new venture's exploratory innovation and exploitative innovation,and whether this effect is influenced by new ventures' past performance and intervention duration.The results shows:①new firms with relationships with VCs will achieve more exploitative innovation than new firms without them,while new firms with relationships with government will achieve more exploratory innovation than new firms without them;② when past performance of new firms with relationships with VCs appeared better,their tendency to choose exploitative innovation will be lower,and when past performance of new firms with relationships with government appeared better,their tendency to choose exploratory innovation will be higher; ③new firms with relationships with VCs will be more likely to choose exploitative innovation over time,and new firms with relationships with government will be more likely to choose exploratory innovation over time.