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商业模式创新如何驱动制造企业实现经济、环境与社会价值的协同发展，已成为学术界与产业界共同关注的焦点。基于三重底线理论与动态能力理论，构建“商业模式创新—内部控制质量—可持续绩效”的链式作用框架，系统探究商业模式创新对可持续绩效的深层作用机制。研究发现：商业模式创新能够显著提升企业可持续绩效，且该效应在国有企业中更为显著；内部控制质量通过风险控制与价值转化，在商业模式创新与可持续绩效间发挥部分中介作用；投资者关注度通过三重路径正向调节商业模式创新对可持续绩效的促进作用。本研究突破了传统“财务绩效主导”的研究范式，揭示了商业模式创新驱动可持续绩效的多维传导机制，为制造企业构建“经济—环境—社会”三位一体的可持续发展模式提供了理论依据与实践路径。
Abstract：How business model innovation(BMI) drives manufacturing enterprises to achieve the coordinated development of economic, environmental, and social value has become a focal point for both academia and industry. Grounded in the triple bottom line theory and dynamic capability theory, this study constructs a chained mediation framework of "business model innovation-internal control quality-sustainable performance" to systematically explore the underlying mechanisms through which BMI influences sustainable performance. The findings reveal that:(1) BMI significantly enhances corporate sustainable performance, with this effect being more pronounced in state-owned enterprises;(2) Internal control quality plays a partial mediating role between BMI and sustainable performance through the mechanisms of risk control and value transformation;(3) Investor attention positively moderates the effect of BMI on sustainable performance through three pathways: risk control, value transformation, and information enhancement. This research breaks through the traditional "financial performance dominant" paradigm, unveils the multi-dimensional transmission mechanisms by which BMI drives sustainable performance, and provides both a theoretical foundation and practical pathways for manufacturing firms to establish a sustainable development model integrating economic, environmental, and social dimensions.
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基本信息:
DOI：10.16497/j.cnki.1672-335X.202504006
中图分类号:F425;F406.7;F832.51
引用信息:
[1]云乐鑫,姜晓军,张洪金.商业模式创新驱动制造企业可持续绩效的实证研究——基于上市公司的证据[J].中国海洋大学学报(社会科学版),2025,No.207(04):62-74.DOI:10.16497/j.cnki.1672-335X.202504006.
基金信息:
山东省自然科学基金面上项目“智能制造企业创业与数字商业模式生态重塑机理研究”(ZR2022MG021); 临沂市社会科学规划研究项目“数智化背景下市高端装备制造业产业链韧性测度、演化及提升路径研究”(2025LX302)