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结合资源依赖理论、制度理论等相关理论,研究企业如何以及为何会战略性地回应政府自主创新的信号。运用上海证交所359家制造业上市公司2008-2013年的相关数据进行了实证研究,结果显示,企业会通过年报做出创新声明来回应政府的创新信号以显示其听从政府的号召。更重要的是,我们的研究结果表明政府期望会影响企业做出回应的可能性,具体表现为大企业和盈利能力较强的企业往往更有可能在政府发出创新信号时做出对应的回应。此外,本文还研究了企业在什么情况下会实质性地回应政府的自主创新信号,发现民营企业和缺少冗余资源的企业更可能做出实质性创新行动回应。
Combined with the theory of resource dependence, institutional theory and other related theories, to study how and why enterprises strategically respond to the government’s independent innovation signal. An empirical study using data from 359 manufacturing listed companies in the Shanghai Stock Exchange for 2008-2013 shows that companies make innovative statements in their annual reports to respond to government’s innovative signals to show their acceptance of the government’s call. More importantly, our findings suggest that government expectations affect the likelihood of firms responding, as evidenced by the fact that large firms and more profitable firms tend to be more likely to respond appropriately when the government issues an innovation signal. In addition, the article also examines the circumstances under which a firm will respond substantively to the government’s signal of independent innovation and finds that private-owned firms and those lacking redundant resources are more likely to respond substantively to innovative actions.