Abstract
The increase in national-level innovation driven by corporate innovation is an inherent requirement for the current shift from high-speed growth to high-quality development in China’s economy. In this study, we empirically analysed the influence of the institutional environment on corporate innovation and its underlying mechanism based on panel data of Chinese A-share listed companies from 2008 to 2016. The empirical results demonstrated that the institutional environment is conducive to the improvement of corporate innovation, and this result is validated by further robustness tests. The analysis of the companies’ subsamples showed that the stimulation effect of the institutional environment on corporate innovation is more significant in Central and Western China than in Eastern China. The role of the institutional environment is also more evident in non-state-owned small and medium-sized enterprises. Further analysis demonstrated that investment in R&D plays a mediator role in the context where the institutional environment promotes corporate innovation, and the executive equity incentives in this process have a moderating effect.
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Research funding: This work was supported by the General Project of National Social Science Foundation of China “Research on the Strategy of Building Global Value Chain of Chinese Manufacturing Industry Based on New Competitive Advantage” (20BGJ025).
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Artikel in diesem Heft
- Frontmatter
- Competitive Research Articles
- Impact of Entrepreneurial Orientation on MSME Performance: Mediating Role of Entrepreneurial Competency
- The Development of Corporate Entrepreneurship among Emerging Economy SMEs: Insights from Both Institutional and Contingency Theory
- The Dynamic Capabilities of High-Turbulent Markets: Indonesian Start-Up Cases During COVID-19 Pandemic
- Entrepreneurship, Resource Rents and Institutions
- The Scaling Strategies and the Scaling Performance of Chinese Social Enterprises: The Moderating Role of Organizational Resources
- Research on Corporate Entrepreneurship in Developing Countries: A Review and Agenda for Future Directions
- The Impact of Initial Intellectual Property Decisions of Start-Ups on Innovation Performance
- Social Capital and Innovative Performance in Networks: The Journey of Romanian SaaS Entrepreneurs
- Gender Differences in the use of Social Capital for Entrepreneurial Activity Within Contexts of Poverty
- Commitment Helps: The Positive Effects of Long-Term Orientation and Family Ownership on Firms’ International Expansion
- Institutional Environment, Executive Equity Incentive, and Enterprise Innovation: The Case of China
- Determinants of Entrepreneurial Employee Activity in Saudi Arabia
- How Does Entrepreneurial Role Model Connect to Entrepreneurial Perceptions: The Moderating Role of Psychological Distance
- The Influence of Top Management’s Strategic Planning Capacity and Entrepreneurial Orientation on Corporate Entrepreneurship
- Innovation Ambidexterity and Firm Performance: The Moderating Effects of Contextual Factors
Artikel in diesem Heft
- Frontmatter
- Competitive Research Articles
- Impact of Entrepreneurial Orientation on MSME Performance: Mediating Role of Entrepreneurial Competency
- The Development of Corporate Entrepreneurship among Emerging Economy SMEs: Insights from Both Institutional and Contingency Theory
- The Dynamic Capabilities of High-Turbulent Markets: Indonesian Start-Up Cases During COVID-19 Pandemic
- Entrepreneurship, Resource Rents and Institutions
- The Scaling Strategies and the Scaling Performance of Chinese Social Enterprises: The Moderating Role of Organizational Resources
- Research on Corporate Entrepreneurship in Developing Countries: A Review and Agenda for Future Directions
- The Impact of Initial Intellectual Property Decisions of Start-Ups on Innovation Performance
- Social Capital and Innovative Performance in Networks: The Journey of Romanian SaaS Entrepreneurs
- Gender Differences in the use of Social Capital for Entrepreneurial Activity Within Contexts of Poverty
- Commitment Helps: The Positive Effects of Long-Term Orientation and Family Ownership on Firms’ International Expansion
- Institutional Environment, Executive Equity Incentive, and Enterprise Innovation: The Case of China
- Determinants of Entrepreneurial Employee Activity in Saudi Arabia
- How Does Entrepreneurial Role Model Connect to Entrepreneurial Perceptions: The Moderating Role of Psychological Distance
- The Influence of Top Management’s Strategic Planning Capacity and Entrepreneurial Orientation on Corporate Entrepreneurship
- Innovation Ambidexterity and Firm Performance: The Moderating Effects of Contextual Factors