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本文通过运用97个外向型本土企业2007-2012年的面板数据自回归分布滞后模型(ADLM)和广义矩估计(GMM)方法,考察自主创新和市场依赖对企业绩效的影响,发现滞后二期的企业研发投入对企业绩效具有显著的正向影响,滞后二期的目标市场集中度对企业绩效具有显著的负向影响,即企业自主创新和市场依赖均具有累积作用。长期来看,自主创新投入越高、目标市场集中度越低,外向型本土企业的企业绩效就越好。且经济具有较强的惯性作用,滞后一期和滞后二期的企业绩效均会对当期绩效产生显著的正向影响。
This paper investigates the influence of independent innovation and market dependence on firm performance by using 97 panel-based regression models (ADLM) and generalized moment estimation (GMM) methods for 97 outward-looking local enterprises from 2007 to 2012, Enterprise R & D investment has a significant positive impact on business performance. The target market concentration lagged in the second phase has a significant negative impact on business performance, that is, the cumulative effect of independent innovation and market dependence. In the long run, the higher the investment in independent innovation and the lower the target market concentration, the better the performance of enterprises with export-oriented local enterprises. And the economy has a strong inertia. Both the lagged and lagging second-phase enterprise performance will have a significant positive impact on the current performance.