Effect of entrepreneur's political connections on technological innovation performance
SU Yi1,2, CHEN Fengyan1
1. School of Economics and Management, Harbin Engineering University, Harbin 150001, China; 2. Institute of Enterprise Innovation, Harbin Engineering University, Harbin 150001, China
Abstract：In order to study the effect of the entrepreneur's political connections with local government on technological innovation performance, we choose R&D investment as mediator variable and low-cost strategy as moderator variable, trying to make a deep analysis of the specific mechanism between them. Selecting data from listed companies on GEM in Shenzhen Stock Exchange, based on the theory of mutual return of social capital, we do empirical study by using SPSS software and find:the entrepreneur's political connections with local government go against technological innovation performance, R&D investment plays a mediating role between them, low-cost strategy plays a moderating role to weaken the influence of R&D investment in technological innovation performance. On the one hand, the local government shouldn't just focus on the growth of GDP and exert too much pressure on the enterprise, but to perfect the appraisal rules and provide them a platform to explore and innovate. On the other hand, when the connection is established, the enterprise should make full use of scarce resources and convenient condition to invest into innovative projects for new changes. It is a good use of resources and a fundamental policy for the sustainable development of enterprises. Meanwhile, the low-cost strategy is not conducive to innovative output. In daily business activities, enterprises shouldn't blindly pursue low-cost and high-profit business model, but view things in the long run and deploy more innovative product investment.
苏屹, 陈凤妍. 企业家地方政治关联对技术创新绩效影响研究[J]. 系统工程理论与实践, 2017, 37(2): 365-378.
SU Yi, CHEN Fengyan. Effect of entrepreneur's political connections on technological innovation performance. Systems Engineering - Theory & Practice, 2017, 37(2): 365-378.
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