An Analysis of the Moderating Role of Slack Resources and Absorptive Capacity on the Relationship between Servitization of Manufacturing and Enterprise Value
Abstract：In order to explore the relationship between servitization of manufacturing and enterprise value, this study made an empirical analysis based on the panel data of 740 advanced manufacturing enterprises in two markets from 2013 to 2019. The regulatory effect of slack resources composed of absorbed and unabsorbed ones as well as absorptive capacity on the relationship between servitization and enterprise value was also described. The results show that there is an inverted U-shaped relationship between servitization of manufacturing and enterprise value. Absorbed slack resources negatively moderate the “servitization-value” relationship, while unabsorbed slack resources and absorptive capacity have positive moderate effects.
潘蓉蓉，罗建强，杨子超. 冗余资源与吸收能力调节作用下的制造企业服务化与企业价值研究[J]. 管理学报, 2021, 18(12): 1772-.
PAN Rongrong，LUO Jianqiang，YANG Zichao. An Analysis of the Moderating Role of Slack Resources and Absorptive Capacity on the Relationship between Servitization of Manufacturing and Enterprise Value. Chinese Journal of Management, 2021, 18(12): 1772-.
