Research on product market competition and corporate innovation

Abstract

In the development process of enterprise modernization, the external environment of enterprises has important practical significance for the innovation development of manufacturing enterprises in China. In this paper, the relationship between product market competition and enterprise innovation is investigated using an empirical research method with a sample of A-share manufacturing companies listed in Shanghai and Shenzhen in China from 2011to 2021. It is found that the degree of product market competition has a significant promotion effect on enterprise innovation, and the greater the degree of competition, the more significant the promotion effect. The research of this paper provides an important reference for China's manufacturing enterprises to improve their innovation ability under different competitive markets