工业技术经济2024，Vol.43Issue(9)：143-153,11.DOI:10.3969/j.issn.1004-910X.2024.09.015
客户风险投资的供应链溢出效应
Spillover Effect of Customer Venture Capital Along the Supply Chain
摘要
Abstract
Using supply chain data of China's listed companies,this study employs a perspective of supply chain spillover effect,to empirically investigate the impacts of corporate customers'venture capital(VC)on their upstream companies'ambidex-trous innovation.Results show that corporate customers'VC has a supply chain spillover effect,significantly enhancing the ambi-dextrous innovation level of upstream enterprises.The mechanisms involve corporate learning mechanisms and market demand re-sponse mechanisms.Meanwhile,common shareholders and customer concentration plays a significant and positive moderating role in the relationship.Additional analyses suggest that the main effects are stronger when enterprises have healthy customer relation-ships and weak financing constraints.Moreover,the spillover effect has a stronger effect on exploratory innovation,when enterpri-ses are in the high-tech industries.This paper provides theoretical foundations and policy implications for new pathways to enhance enterprises'ambidextrous innovation.关键词
供应链/风险投资/溢出效应/双元创新/企业学习/市场需求/共同股东/客户集中度Key words
supply chain/venture capital/spillover effect/ambidextrous innovation/corporate learning/market demand response/common shareholders/customer concentration分类
管理科学引用本文复制引用
王元芳,杨格斐..客户风险投资的供应链溢出效应[J].工业技术经济,2024,43(9):143-153,11.基金项目
北京市教育委员会科技/社科计划项目资助"政党制度优势转化为北京市国有企业高质量发展的机制、路径与对策研究"(项目编号:SZ202210038021). （项目编号:SZ202210038021）
