会计系学术讲座系列2021年第11讲

主 题：Do Major Customers Help or Hurt Innovation? The Effects of Customer-Base Concentration on Radical and Incremental Innovation

主讲人: 江伟 （中国人民大学教授）

协调人: 汝毅

时 间：2021-05-26 10:00

地 点：明商1008会议室

语 言：中文

讲座摘要:

We examine the effect of a firm’s customer-base concentration on two types of firm innovation: radical innovation (i.e., a revolutionizing breakthrough from existing technology) versus incremental innovation (i.e., minor improvements to existing practices). Drawing on theories of resource dependence and resource allocation, we predict that dependence on major customers will lead a firm to make less investment in radical innovation and more investment in incremental innovation. We test our hypotheses with a sample of 11,940 firm-year observations between 1984 and 2010. Consistent with our predictions, we find that customer concentration is positively associated with incremental innovation, and such association is more pronounced for firms with high investment irreversibility. Although we do not find a main effect of customer concentration on radical innovation, we find an interaction effect between customer concentration and investment irreversibility such that radical innovation is significantly lower in firms with high customer concentration and high investment irreversibility than in other firms. Our results suggest that innovation resource allocation decisions of firms with high customer concentration may be shaped by major customers.

主讲人简介:

江伟，中国人民大学商学院会计系教授，湖南大学管理学（会计学专业）学士和硕士，厦门大学财务学博士，北京大学会计学博士后，美国华盛顿大学访问学者，财政部学术类会计领军人才，中国会计学会财务成本分会理事，广东省管理会计师协会学术委员会委员，研究方向：高管薪酬、战略性成本管理、供应链金融以及行为公司财务与会计。主持国家自科基金项目4项，教育部人文社科基金、教育部留学回国人员科研启动基金以及博士后科学基金等课题多项，已在《The Accounting Review》、《Journal of Accounting, Auditing and Finance》、《经济研究》、《管理世界》、《金融研究》、《会计研究》、《经济学（季刊）》、《南开管理评论》等权威期刊上发表论文三十余篇。