Economic Theory and Business Management
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ZHAO Jing,CHEN Xuanyu,LI Ran
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赵晶,陈宣雨,李然
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Abstract: 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 informationThus, they will inhibit the development of innovation activitiesAccording to this point, this paper intends to explore the impact of ranking mobility on enterprise innovation activities based on the perspective of organizational legitimacyThis article takes China s Top 500 Enterprises listed on Shanghai and Shenzhen A stock market for examples, analyzing the panel data from 2011 to 2015This study found that when the rankings rise, enterprise innovation intensity will be significantly promotedWhen the rankings descend continuously, the enterprise innovation intensity decreases significantlyThe technical background of executives is a factor which cannot be ignoredWhen the ability of enterprises gets improved, enterprises tend to gain more competitive advantages by investing in the innovationThis is one reason why competitive enterprises become stronger and stronger
Key words: ranking mobility , Chinas top 500 enterprises , legitimacy , innovation intensity
摘要: 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。
关键词: 排名变动 , 中国500强 , 合法性 , 创新强度
ZHAO Jing,CHEN Xuanyu,LI Ran. RANKING MOBILITY AND ENTERPRISE INNOVATION——An Analysis Based on the Perspective of Legitimacy#br#[J]. Economic Theory and Business Management.
赵晶,陈宣雨,李然. 排名变动与企业创新*——基于合法性视角的分析[J]. 经济理论与经济管理.
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URL: http://jjll.ruc.edu.cn/EN/
http://jjll.ruc.edu.cn/EN/Y2019/V39/I5/88