客户集中与企业技术创新——来自我国A股上市公司的实证分析

被引：15

作者：

宛晴 ^{[1
]}

程小可 ^{[1
]}

武传德 ^{[2
]}

机构：

[1] 北京交通大学经济管理学院

[2] 中国电力财务有限公司

来源：

科学决策 | 2017年 / 10期

关键词：

客户集中度; 技术创新; 融资约束; 风险承担;

D O I：

暂无

中图分类号：

F273.1 [企业技术管理]; F832.51 [];

学科分类号：

1202 ; 120202 ; 1201 ; 020204 ;

摘要：

本文基于企业创新的"需求拉动假说",以我国2009至2013年A股上市公司为对象实证检验客户集中对企业创新的影响。实证结果表明,客户集中会抑制企业创新;客户集中对企业创新的抑制作用主要通过加剧企业融资约束而不是降低企业风险承担水平来实现。此外,研究还发现相较于国有企业,非国有企业客户集中对企业创新产生抑制作用更为明显;相较于国有性质关键客户,非国有性质关键客户对企业的利益攫取更激进,对企业创新的抑制作用更明显。

引用

页码：22 / 48

页数：27

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