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文章通过构建由技术(T)、组织(O)、和环境(E)组成的TOE框架,并研究了该框架下R&D投资行为及其价值创造的具体机制。以上市公司为例,文章发现TOE框架为解释企业R&D投资行为提供了很好的理论支持。技术因素(T)是管理层作出R&D投资决策的基础;组织因素(O)是企业R&D投资决策的内在动力;而环境因素(E)是转型经济中影响企业R&D投资决策的外在动力,其中以组织因素对企业R&D投资决策的影响最大。文章还进一步探讨了R&D投入后价值创造的作用机制,并提出了价值创造的冰山模型且进行了实证检验。研究结果证明了R&D创造价值的过程同时受企业的技术专属性与互补性资产的影响,从而为Teece(1986)有关资源观在R&D价值创造中的相关理论提供了强有力的实证依据。
Abstract：This paper studies the effect of TOE on enterprise's R&D investment and the value creation mechanism of R&D.Taken listed companies for example,we discover:(1) The TOE frame has worked remarkably well for explaining the enterprise's R&D investment behavior: as technical factors are the foundation of R&D investment decision;the organizational factors are the internal motive;market centrality and intellectual property protection are the external factors.(2) With further study we analyze how the R&D investment affects the enterprise's performance and propose an "Ice Modal" and demonstrate it.(3) The result of this paper proves that the R&D creation process of value is affected by both technical specificity and complementary asset,thus empirically examines the factors of Teece's theory for R&D value-creation.
①资料来源于“中华人民共和国科学技术部”的官方网站,网址:http://www.most.gov.cn/kjtj/tjbg/。
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基本信息:
DOI：10.14134/j.cnki.cn33-1336/f.2012.03.002
中图分类号:F276.6;F224
引用信息:
[1]甄丽明,唐清泉.企业R&D投资行为及其价值创造机制研究——基于中国上市公司的实证检验[J].商业经济与管理,2012,No.245(03):65-74.DOI:10.14134/j.cnki.cn33-1336/f.2012.03.002.
基金信息:
国家自然科学基金项目“我国企业R&D创新投入的风险与有效性研究”(70772084)
2012-03-15
2012-03-15