政府创新补贴、高管关系嵌入与研发决策——WSR方法论视角下制造业上市公司的实证研究

摘要/Abstract

摘要： 由于企业的研发活动具有高风险性和不确定性，政府出台了一系列创新补贴政策，以帮助企业应对市场失灵。创新政策与企业创新行为之间的关系一直都是创新管理领域密切关注的话题。本研究基于WSR方法论，利用CSMAR数据库2009—2018年制造业上市公司数据，从企业管理层面阐释了决策者面对外界客观环境所采取的最佳应对策略，探究不同政策补贴工具对企业进行创新活动的不同作用机制，对政府创新补贴、高管关系嵌入和企业研发投入决策间的关系进行理论分析与实证检验。研究发现：不同的创新补贴政策工具对企业研发投入的影响具有差异；具有政治关系嵌入和学术关系嵌入的企业管理者具有更丰富的信息资源，更容易面对不确定性带来的风险成本从而倾向于做出增加研发投入和启动研发项目的决策。WSR方法论为企业的创新决策过程提供了“人理”因素的考察视角，帮助企业管理者运用管理科学知识，组织最佳的“物理”“事理”确定其创新行为准则。

关键词: WSR方法论, 政府创新补贴, 企业研发决策, 高管关系嵌入

Abstract: As the R&D activities of enterprises contain high risks and uncertainties, the government provides innovation subsidies to help enterprises cope with market failures. The relationship between innovation policy and enterprise innovation behavior has always been a hot topic in the field of innovation management. Based on WSR methodology, using the data of listed manufacturing companies in CSMAR database from 2009 to 2018, this study explains the best coping strategies adopted by decision-makers in the face of the external objective environment from enterprise management level, explores the different mechanisms of different policy subsidy tools for enterprises to carry out innovation activities, and makes theoretical analysis and empirical test on the relationship among government innovation subsidies, executive relationship embedding and enterprise R&D investment decision-making. It is found that different innovation subsidy policy tools have different effects on R&D investment of enterprises; enterprise managers with embedded political relations and academic relations have richer information resources and are more likely to face risks and costs brought by uncertainty, so they tend to make decisions of increasing R&D investment and starting R&D projects. WSR methodology provides an investigation into the factor of “Renli” for the innovation decision-making process of enterprises and helps enterprise managers to use management scientific knowledge and organize the best “Wuli” and “Shili” to form their innovation behavior rules.

Key words: WSR methodology, R&D subsidies, enterprise R&D investment decision-making, executive social embeddednes

张笑, 赵明辉, 张路蓬. 政府创新补贴、高管关系嵌入与研发决策——WSR方法论视角下制造业上市公司的实证研究[J]. 管理评论, 2021, 33(5): 194-207.

Zhang Xiao, Zhao Minghui, Zhang Lupeng. Government R&D Subsidies, Executive Social Embeddedness and Private R&D Investment Decision-making——Empirical Research on Listed Manufacturing Enterprises Based on WSR Methodology[J]. Management Review, 2021, 33(5): 194-207.

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