Keywords
expectation gap of industry competition, executive overconfidence, organizational redundancy, degree of competition, innovation performance
Abstract
When the enterprise performance is lower than the expectation of industry competition,enterprises will carry out strategic reform to improve the competitive disadvantage of the industry.However,there is little research on the impact of the gap of industry competition expectation on the innovation performance of enterprises.Based on the theory of enterprise behavior,this paper empirically analyzes the impact of the gap of industry competition expectation on enterprise innovation performance by taking the data of China's A-share manufacturing listed companies from 2012 to 2019 as samples,and further explores the regulating effects of managers' overconfidence,organization- al redundancy and industry competition degree on the above relations.The research shows that there is a significant positive correlation between the expectation gap of industry competition and the innovation performance of enterprises.In other words,when the actual performance of enterprises is lower than the expectation of industry competition,enterprises will take risks to increase innovation investment in order to change the performance dilemma. Managers' overconfidence,organizational redundancy and the level of industry competition will positively strengthen the relationship between the expected gap of industry competition and enterprise innovation performance.
DOI
10.16315/j.stm.2021.02.007
Recommended Citation
SUN, Qi-qi and CHEN, Jin
(2021)
"Influence of the gap of industry competition expectation on enterprise innovation performance,"
Journal of Science and Technology Management: Vol. 23:
Iss.
2, Article 7.
DOI: 10.16315/j.stm.2021.02.007
Available at:
https://jstm.researchcommons.org/journal/vol23/iss2/7
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
