[1]王文华,陆芊芊,陆华良.创新价值链视角下财务柔性与社会资本的交互效应研究[J].常州大学学报(社会科学版),2020,21(05):45-53.[doi:10.3969/j.issn.2095-042X.2020.05.005]
　Wang Wenhua,Lu Qianqian,Lu Hualiang.On the Interaction Effect between Financial Flexibility and Social Capital from the Perspective of Innovative Value Chain[J].Journal of Changzhou University(Social Science Edition),2020,21(05):45-53.[doi:10.3969/j.issn.2095-042X.2020.05.005]
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创新价值链视角下财务柔性与社会资本的交互效应研究()
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常州大学学报(社会科学版)[ISSN:2095-042X/CN:32-1821/C]

卷:
第21卷
期数:
2020年05期
页码:
45-53
栏目:
经济·管理学研究:财务与会计专题研究
出版日期:
2020-10-15

文章信息/Info

Title:
On the Interaction Effect between Financial Flexibility and Social Capital from the Perspective of Innovative Value Chain
作者:
王文华; 陆芊芊; 陆华良
Author(s):
Wang Wenhua; Lu Qianqian; Lu Hualiang
关键词:
财务资源柔性;  财务协调柔性;  社会资本;  交互效应
Keywords:
financial resource flexibility;  financial coordination flexibility;  social capital;  interaction effect
分类号:
F275
DOI:
10.3969/j.issn.2095-042X.2020.05.005
文献标志码:
A
摘要:
财务资源获取与配置是保证创新价值链完整与优化的必要条件。以财务柔性为切入点,分析财务柔性对企业创新绩效的影响以及财务柔性与社会资本对创新绩效的交互效应,并运用高新技术企业调研数据进行实证研究,研究结果表明:财务柔性、财务资源柔性、财务协调柔性对企业创新绩效存在显著正向影响; 相对财务资源柔性,财务协调柔性对企业创新绩效影响更为显著; 财务资源柔性与外部社会资本对企业创新绩效提升存在交互效应,财务协调柔性与内部社会资本对企业创新绩效存在交互效应。因此,企业保持合理的财务柔性水平并强化社会资本积累有利于促进创新价值链的完整与优化,提升创新绩效。
Abstract:
The acquirement and allocation of financial resources is a necessary condition to guarantee the integrity and optimization of the innovative value chain. Taking financial flexibility as the starting point, this paper analyzes the influence of financial flexibility on the innovation performance of enterprises and the interaction effect of financial flexibility and social capital on the innovation performance and carries out an empirical research with the survey data of high-tech enterprises. The results show that financial flexibility, financial resource flexibility and financial coordination flexibility have a significant positive impact on the innovation performance of enterprises, while relative financial resource flexibility and financial coordination flexibility have a more significant impact on the innovation performance of enterprises. There exist the interaction effect of financial resource flexibility and outside social capital on the enhancement of the innovation performance of enterprises and the interaction effect of financial resource flexibility and inside social capital on the innovation performance of enterprises. Therefore, it is advantageous for enterprises to maintain a reasonable financial flexibility level and promote the social capital accumulation for the integrity and the optimization of the innovative value chain and the enhancement of the innovation performance.

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备注/Memo

备注/Memo:
作者简介:王文华,管理学博士,常州大学商学院教授、硕士研究生导师,南京航空航天大学战略管理研究所研究员; 陆芊芊,常州大学商学院硕士研究生; 陆华良,常州大学商学院教授、硕士研究生导师。
基金项目:国家社会科学基金一般项目“动态能力视角财务柔性对企业开放式创新绩效作用机理研究”(18BGL082); 江苏高校“青蓝工程”中青年学术带头人资助项目(苏教师函〔2020〕10号)。
更新日期/Last Update: 2020-10-15