排名变动与企业创新——基于合法性视角的分析

企业排名作为一种兼顾横向比较和纵向比较的公开信息，会对组织合法性产生重要影响，进而影响企业信心、利益相关者行为以及资源和信息的获取，从而影响企业创新活动。本文基于组织合法性理论探索排名变动对企业创新活动的影响。本文对A股上市的中国500强企业2011—2015年的面板数据进行分析发现：排名上升时，企业的创新强度会显著增强。排名连续下降时，企业的创新强度会显著减弱。高管技术背景在上述过程中发挥着重要作用。实力获得提升的企业倾向于增加创新强度来获取更强竞争优势，这种情况促进了市场中强者更强的现象。

RANKING MOBILITY AND ENTERPRISE INNOVATION——An Analysis Based on the Perspective of Legitimacy#br#

As a piece of public information that takes both horizontal and vertical comparisons into consideration, enterprises  rankings are external signals representing the organizational legitimacy which has a crucial influence on enterprises confidence, stakeholders  supports, resources and informationThus, they will inhibit the development of innovation activitiesAccording to this point, this paper intends to explore the impact of ranking mobility on enterprise innovation activities based on the perspective of organizational legitimacyThis article takes China s Top 500 Enterprises listed on Shanghai and Shenzhen A stock market for examples, analyzing the panel data from 2011 to 2015This study found that when the rankings rise, enterprise innovation intensity will be significantly promotedWhen the rankings descend continuously, the enterprise innovation intensity decreases significantlyThe technical background of executives is a factor which cannot be ignoredWhen the ability of enterprises gets improved, enterprises tend to gain more competitive advantages by investing in the innovationThis is one reason why competitive enterprises become stronger and stronger