Short technology cycle time and firm innovation: Evidence from China

IF 8 1区 管理学 Q1 MANAGEMENT
Junwei Shi , Jiajia Zhang
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引用次数: 0

Abstract

A theoretical model is developed in this study to account for how the technology cycle time affects firm innovation from the perspective of latecomers. Empirical estimations using data from listed companies in China from 1990 to 2022 are conducted. The results show that the more latecomer firms specialize in technologies with short TCTs, the more likely it is for them to enhance innovation performance. Moderating effects of human capital and R&D investment on the relationship between short TCT and firm innovation are verified. Moreover, the impacts of short TCT on firm innovation are stronger when firms are in environments with high uncertainty; when firms are in highly competitive, high-tech, and high reverse engineering industries; and when firms are private, capital-intensive, and in the earlier stages of the lifecycle. The findings offer new insights into the technological catch-up of latecomers in emerging economies by choosing technologies with short TCTs.
技术周期短与企业创新:来自中国的证据
本文建立了一个理论模型,从后发企业的角度来解释技术周期时间对企业创新的影响。利用1990 - 2022年中国上市公司的数据进行实证估计。研究结果表明,后发企业越是专注于技术周期较短的技术,越有可能提升创新绩效。验证了人力资本和研发投入对短期TCT与企业创新关系的调节作用。此外,当企业处于高度不确定性的环境中时,短TCT对企业创新的影响更强;当企业处于高度竞争、高科技和高逆向工程行业时;当公司是私有的,资本密集型的,处于生命周期的早期阶段。研究结果为新兴经济体中后发国家通过选择技术转移时间较短的技术来追赶技术提供了新的见解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Research Policy
Research Policy MANAGEMENT-
CiteScore
12.80
自引率
6.90%
发文量
182
期刊介绍: Research Policy (RP) articles explore the interaction between innovation, technology, or research, and economic, social, political, and organizational processes, both empirically and theoretically. All RP papers are expected to provide insights with implications for policy or management. Research Policy (RP) is a multidisciplinary journal focused on analyzing, understanding, and effectively addressing the challenges posed by innovation, technology, R&D, and science. This includes activities related to knowledge creation, diffusion, acquisition, and exploitation in the form of new or improved products, processes, or services, across economic, policy, management, organizational, and environmental dimensions.
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