中文摘要：

面对急剧变化的竞争环境，基于静态视角的技术创新能力研究已经难以满足中小企业实践的需要。以动态能力理论为基础构建了技术创新的动态整合模型，对技术创新动态能力进行理论阐释，继而运用我国中小上市公司2007-2012年的平衡面板数据对技术创新动态能力的构成维度及其价值创造效应进行实证分析，结果表明：投入能力、产出能力与转化能力三个维度共同构成了技术创新的动态能力；具有较强技术创新动态能力的中小上市公司，其公司绩效与成长性要明显高于一般公司；技术创新动态能力越强，上市公司的公司绩效及成长性越好，即技术创新动态能力对于企业价值创造具有明显的促进效应。

英文摘要：

Facing the rapidly changing competitive environment, the research of technologic innovation which is based on a static perspective is difficult to meet the need of small and medium listed companies＆#39; practice. Based on the theory of dynamic capabilities, constructs a dynamic integrated model and conduct theoretical interpretation, then using the balance panel data of Listed SMEs in China that is from 2007 to 2012, it carries on the empirical analysis of the constitutional dimension of technologic innovation dynamic capability and its value-creation effect, the result shows that： three dimensions that conclude capability of input, output and transformation constitute technologic innovation dynamic capability together. The Listed SMEs with the stronger technologic innovation dynamic capability will have the obviously higher performance and growth than general companies. The stronger technologic innovation dynamic capability, the better performance and growth of the listed companies, that is, the technologic innovation dynamic capability has a obvious promotion effect for company value creation.