Must the Enterprises with High R&D Intensity Have More Exploratory Innovation?
Zhou Xia1, Zhang Xiao1, Li Zihanxin2
1.School of Business Administration,South China University of Technology,Guangzhou 510641,China; 2.School of Economics& Management,Nanchang University,Nanchang 330031,China
Abstract：The exploratory innovation produces a more significant changes based on the prior knowledge base and promotes the firm find new opportunities.So the importance of the exploratory innovation is increasing in the fast changing environments.Using a sample of listed on the China's A-share market form 2011 to 2015,this paper investigates the relationship among R&D intensity and exploratory innovation,and studies the moderating effect that technological opportunity and financial slack impact on that relationship.The results show that:in general,the higher R&D intensity,the less exploratory innovation;furthermore,this relationship is subject to significant regulatory effects,regulating variables can promote the effect of R&D intensity on firm exploratory innovation.There are complementary effects between the two regulatory variables.
周霞, 张骁, 李梓涵昕. 高研发强度企业一定有更多的探索性创新吗？[J]. 中国科技论坛, 2018(8): 42-48.
Zhou Xia, Zhang Xiao, Li Zihanxin. Must the Enterprises with High R&D Intensity Have More Exploratory Innovation?. , 2018(8): 42-48.
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