Effects of Peer Firms’ Government Certification on Focal Firm's Innovation Investment
Effects of Peer Firms’ Government Certification on Focal Firm's Innovation Investment
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DOI：
10.1109/tem.2023.3338850
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发表时间：
2024
影响因子：
5.8
通讯作者：
Yusen Dong;Senhua Chen;Pengcheng Ma;Haijian Liu;Xiajing Xu
中科院分区：
文献类型：
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作者：
Yusen Dong;Senhua Chen;Pengcheng Ma;Haijian Liu;Xiajing Xu
研究人员调查了获得认证(即来自政府)如何影响公司在创新方面的投资。然而，以往的研究很少关注同行企业认证对核心企业创新投资的影响。在借鉴竞争动力学和意识-动机-能力(AMC)框架的文献基础上，本文提出了间接的“认证溢出效应”，即高技术企业(HTE)对行业内同行企业的认证在多大程度上正向影响核心企业的创新投资。我们进一步认为，这种关系取决于核心企业的意识(即，经HTE认证的行业同行公司的规模)、动机(即，经HTE认证的行业同行公司与核心公司之间的财务业绩差距)和能力(即，高层管理团队成员具有研发背景)，以应对来自行业同行的竞争紧张。利用2008年至2017年中国上市制造业企业的数据，我们发现了对我们理论的支持。我们致力于研究创新的前因，认证的作用，并将AMC框架扩展到新的背景下。
Researchers have investigated how receiving certification (i.e., from the government) affects a firm's investment in innovation. However, previous studies have paid little attention to the influence of the certification of peer firms on a focal firm's investment in innovation. Drawing from the literature on competitive dynamics and the awareness–motivation–capability (AMC) framework, in this article, we propose an indirect “certification spillover effect,” where the extent to which the high-tech enterprises (HTEs) certification of peer firms in the industry positively affects the focal firm's investment in innovation. We further argue that this relationship is contingent on the awareness (i.e., HTE-certified industry peer firm's size), motivation (i.e., financial performance gap between HTE-certified industry peer firms and focal firm), and capability (i.e., top management team members have backgrounds in research and development) of the focal firm to react to competitive tension from its industry peers. Using data from Chinese-listed manufacturing firms from 2008 to 2017, we find support for our theory. We contribute to research on the antecedents of innovation, the role of certification, and extend the AMC framework to a new context.