企业文化与高质量发展:质量和创新效应

摘要/Abstract

摘要： 追溯企业高质量发展背后的文化基因,赋能经济高质量发展长效机制。以往文化研究多基于小样本采用文化量表进行,鲜有基于大样本使用文本分析法的实证研究,文章则基于沪深A股上市公司2009—2021年数据,采用文本分析法测度企业文化,检验企业文化对企业高质量发展的影响及作用机制。实证研究发现:企业文化越强,越能促进企业高质量发展,并从创新文化、信任文化、团队文化和质量文化四个企业文化细分维度验证该结论,结论在稳健性检验后依然稳健。从所有权性质、分析师关注度和机构持股比等方面进行异质性分析,发现在国有企业、分析师关注度较低和机构持股比例较低的企业,文化对企业高质量发展的促进效应更显著。进一步作用机制分析发现企业文化会影响企业的研发支出、信息不对称程度和组织韧性,进而促进企业高质量发展。建议大力培育新时代中国本土企业传统特色的质量文化和创新文化,重视文化软实力在企业高质量发展中的独特作用。

关键词: 文化, 企业高质量, 效应, 作用机制

Abstract: Tracing the cultural genes behind the high-quality development of enterprises and empowering high-quality economic development. This article is based on the data of A-share listed companies in Shanghai and Shenzhen from 2009 to 2021, using text analysis method to measure corporate culture and test the impact and mechanism of corporate culture on high-quality development of enterprises. Empirical research has found that the stronger the corporate culture, the more it can promote high-quality development of the enterprise. This conclusion is validated from four sub dimensions of corporate culture: innovation culture, trust culture, team culture, and quality culture. After endogeneity testing, it remains robust. Heterogeneity analysis was conducted from the aspects of ownership nature, analyst attention, and institutional shareholding ratio. It was found that in state-owned enterprises, enterprises with lower analyst attention and institutional shareholding ratio, culture has a more significant promoting effect on the high-quality development of enterprises. Further analysis of the mechanism reveals that corporate culture can affect a company's research and development expenditures, degree of information asymmetry, and organizational resilience, thereby promoting high-quality development. It is recommended to vigorously cultivate the traditional quality culture and innovation culture of Chinese local enterprises in the new era, and attach importance to the unique role of cultural soft power in the high-quality development of enterprises.

Key words: culture, high quality, development impact, mechanism

中图分类号:

F270

杨七中, 马蓓丽. 企业文化与高质量发展:质量和创新效应[J]. 贵州财经大学学报, 2025(01): 100-110.

YANG Qizhong, MA Beili. Corporate culture and high-quality development: quality and innovation effects[J]. Journal of Guizhou University of Finance and Economics, 2025(01): 100-110.

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