| 管理层权力、研发决策与企业成长 |
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| 引用本文： | 白贵玉,徐鹏. 管理层权力、研发决策与企业成长[J]. 科技进步与对策, 2019, 36(9): 110-117. DOI: 10.6049/kjjbydc.L201808651 |
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| 作者姓名： | 白贵玉 徐鹏 |
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| 作者单位： | 1.济南大学 商学院，山东 济南 250002；2.山东财经大学 工商管理学院，山东 济南 250014 |
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| 基金项目： | 国家自然科学基金青年项目（71602099）；山东省自然科学基金青年项目（ZR2018QG003；ZR2016GQ04）；山东省社会科学基金青年项目（17DGLJ10）；济南大学科研基金项目（16YB02） |
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| 摘 要： | 选取我国民营上市公司作为研究样本，利用连续4年形成的2 476组经营数据，基于管理层权力配置视角对公司研发决策动因和效果进行实证分析，得出如下结论：①管理层权力对公司研发投入具有正向影响；②管理层权力对公司成长性具有正向影响；③研发投入对公司成长性具有正向影响；④研发投入在管理层权力与公司成长性关系中具有部分中介作用。同时，探讨企业运营能力在研发投入与公司成长性关系中的调节作用。结果发现：企业运营能力越强，研发投入对公司成长性的促进作用越大。
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| 关 键 词： | 管理层权力 研发决策 成长性 运营能力 民营上市公司 |
Managerial Power,R&D Decision and Company Growth |
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| Bai Guiyu,Xu Peng. Managerial Power,R&D Decision and Company Growth[J]. Science & Technology Progress and Policy, 2019, 36(9): 110-117. DOI: 10.6049/kjjbydc.L201808651 |
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| Authors: | Bai Guiyu Xu Peng |
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| Abstract: | In this paper the authors selected China private listed company as the research sample, using the 2476 group data formed from the passed four consecutive years, make empirical analysis on enterprise R&D decision making motivation and effect based on the perspective of managerial mower and then draw the following conclusions: firstly, managerial mower has a positive effect on R&D investment; secondly, managerial mower has a positive effect on the company growth; thirdly, investment in R&D has positive effect on the growth of the company; fourthly, R&D investment plays a partial intermediary role between managerial power and the company growth. At the same time, this paper also discusses the moderating effect of the enterprise operation ability between R&D investment and growth, the results show that: the stronger the enterprise operation ability is, the effect of R&D investment on company growth will be much stronger. |
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| Keywords: | Managerial Power R&D Investment Growth Operation Ability Private Listed Company |
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