摘要
随着全球化进程的加速和市场竞争的日益激烈，企业面临前所未有的挑战与机遇，创新能力成为企业在复杂多变环境中获取竞争优势的关键因素。本研究旨在探讨创新能力对企业盈利能力的贡献，基于资源基础理论与动态能力理论，选取2010 - 2020年沪深两市A股制造业上市公司为样本，运用因子分析法确定创新能力综合评价指标体系，包括技术创新、管理创新、商业模式创新三个维度，采用固定效应模型进行实证检验。结果表明，创新能力与企业盈利能力之间存在显著正相关关系，其中技术创新对盈利能力的影响最为突出，管理创新通过优化内部资源配置间接提升盈利能力，商业模式创新则有助于开拓市场空间并增强客户粘性。进一步研究发现，不同规模企业的创新能力对盈利能力的影响存在差异，大型企业由于具备更多资源可整合优势，在创新能力转化为盈利能力方面表现更为明显。本研究创新点在于构建了涵盖多维度创新能力的评价体系，并且区分企业规模深入剖析创新能力影响机制，为企业重视创新能力培养提供理论依据，也为政府制定相关政策给予参考。
关键词：创新能力；企业盈利能力；技术创新
Abstract
As the process of globalization accelerates and market competition intensifies, enterprises are confronted with unprecedented challenges and opportunities, making innovation capability a critical factor for gaining competitive advantages in an increasingly complex and volatile environment. This study aims to investigate the contribution of innovation capability to corporate profitability. Grounded in the resource-based view and dynamic capabilities theory, this research selects manufacturing companies listed on the Shanghai and Shenzhen stock exchanges from 2010 to 2020 as samples. Factor analysis is employed to establish a comprehensive evaluation index system for innovation capability, encompassing three dimensions: technological innovation, management innovation, and business model innovation. A fixed-effects model is utilized for empirical testing. The results indicate a significant positive correlation between innovation capability and corporate profitability, with technological innovation exerting the most pronounced impact. Management innovation indirectly enhances profitability by optimizing internal resource allocation, while business model innovation contributes to expanding market space and increasing customer stickiness. Further analysis reveals that the influence of innovation capability on profitability varies across firms of different sizes; large enterprises, endowed with more resources for integration, exhibit a more pronounced manifestation in converting innovation capability into profitability. The novelty of this study lies in constructing a multi-dimensional evaluation system for innovation capability and conducting an in-depth analysis of the influence mechanism by distinguishing firm size, thereby providing theoretical support for enterprises to prioritize the cultivation of innovation capability and offering references for government policy formulation.
Keywords：Innovation Capability; Enterprise Profitability; Technology Innovation
目 录
摘要 I
Abstract II
一、绪论 1
(一) 研究背景与意义 1
(二) 国内外研究现状 1
(三) 研究方法与技术路线 2
二、创新能力的构成要素分析 2
(一) 技术创新能力解析 2
(二) 管理创新能力探讨 3
(三) 市场创新能力剖析 4
三、创新能力对企业盈利能力的影响机制 4
(一) 成本控制效应分析 5
(二) 产品差异化优势 5
(三) 新市场开拓能力 6
四、实证研究：创新能力与企业盈利关系 7
(一) 样本选择与数据来源 7
(二) 模型构建与变量设定 7
(三) 实证结果与讨论 8
结 论 10
参考文献 11
随着全球化进程的加速和市场竞争的日益激烈，企业面临前所未有的挑战与机遇，创新能力成为企业在复杂多变环境中获取竞争优势的关键因素。本研究旨在探讨创新能力对企业盈利能力的贡献，基于资源基础理论与动态能力理论，选取2010 - 2020年沪深两市A股制造业上市公司为样本，运用因子分析法确定创新能力综合评价指标体系，包括技术创新、管理创新、商业模式创新三个维度，采用固定效应模型进行实证检验。结果表明，创新能力与企业盈利能力之间存在显著正相关关系，其中技术创新对盈利能力的影响最为突出，管理创新通过优化内部资源配置间接提升盈利能力，商业模式创新则有助于开拓市场空间并增强客户粘性。进一步研究发现，不同规模企业的创新能力对盈利能力的影响存在差异，大型企业由于具备更多资源可整合优势，在创新能力转化为盈利能力方面表现更为明显。本研究创新点在于构建了涵盖多维度创新能力的评价体系，并且区分企业规模深入剖析创新能力影响机制，为企业重视创新能力培养提供理论依据，也为政府制定相关政策给予参考。
关键词：创新能力；企业盈利能力；技术创新
Abstract
As the process of globalization accelerates and market competition intensifies, enterprises are confronted with unprecedented challenges and opportunities, making innovation capability a critical factor for gaining competitive advantages in an increasingly complex and volatile environment. This study aims to investigate the contribution of innovation capability to corporate profitability. Grounded in the resource-based view and dynamic capabilities theory, this research selects manufacturing companies listed on the Shanghai and Shenzhen stock exchanges from 2010 to 2020 as samples. Factor analysis is employed to establish a comprehensive evaluation index system for innovation capability, encompassing three dimensions: technological innovation, management innovation, and business model innovation. A fixed-effects model is utilized for empirical testing. The results indicate a significant positive correlation between innovation capability and corporate profitability, with technological innovation exerting the most pronounced impact. Management innovation indirectly enhances profitability by optimizing internal resource allocation, while business model innovation contributes to expanding market space and increasing customer stickiness. Further analysis reveals that the influence of innovation capability on profitability varies across firms of different sizes; large enterprises, endowed with more resources for integration, exhibit a more pronounced manifestation in converting innovation capability into profitability. The novelty of this study lies in constructing a multi-dimensional evaluation system for innovation capability and conducting an in-depth analysis of the influence mechanism by distinguishing firm size, thereby providing theoretical support for enterprises to prioritize the cultivation of innovation capability and offering references for government policy formulation.
Keywords：Innovation Capability; Enterprise Profitability; Technology Innovation
目 录
摘要 I
Abstract II
一、绪论 1
(一) 研究背景与意义 1
(二) 国内外研究现状 1
(三) 研究方法与技术路线 2
二、创新能力的构成要素分析 2
(一) 技术创新能力解析 2
(二) 管理创新能力探讨 3
(三) 市场创新能力剖析 4
三、创新能力对企业盈利能力的影响机制 4
(一) 成本控制效应分析 5
(二) 产品差异化优势 5
(三) 新市场开拓能力 6
四、实证研究：创新能力与企业盈利关系 7
(一) 样本选择与数据来源 7
(二) 模型构建与变量设定 7
(三) 实证结果与讨论 8
结 论 10
参考文献 11
