首都经济贸易大学学报2025，Vol.27Issue(6)：38-52,15.DOI:10.13504/j.cnki.issn1008-2700.2025.06.004
区域创新政策如何赋能企业韧性
How Regional Innovation Policies Empower Enterprise Resilience:Evidence from the G60 Science and Technology Innovation Corridor of the Yangtze River Delta
摘要
Abstract
Enhancing corporate resilience is important for mitigating systemic risks.National Science and Technology Innovation Corridors(hereinafter referred to as"Innovation Corridors")offer an ideal platform for en-terprises to enhance their capacity for independent innovation and improve their ability to resist risks.However,current research on the antecedents of corporate resilience predominantly focuses on internal resources and external informal institutions,with less attention to the impact of formal institutions from an innovation perspective.There-fore,there is an urgent need to explore more effective policy instruments to stimulate corporate innovation and meet the long-term needs of enhancing corporate resilience. This study employs the establishment of the G60 Innovation Corridor of the Yangtze River Delta as a quasi-nat-ural experiment.Using a sample of A-share listed companies in the Yangtze River Delta from 2010 to 2023,a multi-period difference-in-differences(DID)model is utilized to investigate the direct impact and underlying mech-anisms of the G60 Innovation Corridor on corporate resilience.Heterogeneity tests are conducted based on variations in ownership type,technological intensity,firm size,and the hierarchy of cities where the firms are located. The marginal contributions are threefold.First,it expands the research boundary on the antecedents of corporate resilience by evaluating the impact of Innovation Corridor on corporate resilience using the G60 Innovation Corridor as a quasi-natural experiment.Second,it delves into the internal mechanisms through which Innovation Corridor policies en-hance corporate resilience.Third,it innovatively incorporates dual innovation into the framework of mechanism research,profoundly revealing the"black box"of mechanisms underlying the impact of the G60 Innovation Corridor policy. The study reveals the following findings.First,the establishment of the Innovation Corridor significantly en-hances the resilience of enterprises located in the corridor cities,a result that remains robust after a series of robust-ness and endogeneity tests.Second,Mechanism analysis indicates that the Innovation Corridor policy enhances cor-porate resilience by promoting radical innovation,while the effect of the incremental innovation pathway is not sig-nificant.Third,heterogeneity analysis shows that the positive impact of the Innovation Corridor policy on corporate resilience is more pronounced among non-state-owned enterprises,high-tech firms,smaller enterprises,and enter-prises located in higher-tier cities along the corridor. The following policy implications are proposed:optimizing the top-level design of the Innovation Corridor and implementing targeted policies to enhance corporate resilience;fully leveraging the guiding role of Innovation Corri-dor policies in the process of corporate radical innovation;implementing differentiated and precise policy guidance tailored to firm heterogeneity is crucial for promoting regional innovation and enhancing overall resilience.This ap-proach can provide empirical evidence and valuable insights for the development of other Innovation Corridors.关键词
区域创新政策/科创走廊/企业韧性/突破式创新/渐进式创新Key words
regional innovation policy/S&T innovation corridor/firm resilience/breakthrough innovation/in-cremental innovation分类
管理科学引用本文复制引用
卢毅,郑青昊,刘心怡,吕学振..区域创新政策如何赋能企业韧性[J].首都经济贸易大学学报,2025,27(6):38-52,15.基金项目
国家社会科学基金重大招标项目"重大突发事件情境下重点产业供应链韧性评估与对策研究"(23&ZD051) （23&ZD051）
