Exploratory Innovation or Exploitative Innovation?The Moderating Effect of Industry Characteristics on the Growth of International Entrepreneurial Enterprises
Peng Huatao1,2 , Sun Tingshu1, Zhou Chen2
1. School of Entrepreneurship,Wuhan University of Technology,Wuhan 430070,China; 2. School of Management,Wuhan University of Technology,Wuhan 430070,China
Abstract:Both exploratory innovation and exploitative innovation can promote the growth of international entrepreneurial enterprises,but affected by industry characteristics,the innovation strategies of international entrepreneurial enterprises are different accordingly.Based on contingency theory,pecking order theory,principal-agent theory and technological leapfrogging theory,we selected 29 independent samples related to exploratory innovation,exploitative innovation,international enterprise growth,and industry characteristics from mainstream academic journals in the field of innovation and entrepreneurship and international business as research objects.Using meta-analysis research method,exploratory innovation and exploitative innovation are taken as independent variables,the international competitiveness of the industry,the degree of industry financing dependence,and the industry's technological strength are taken as moderator variables,and the growth of international entrepreneurial enterprises is taken as the dependent variable.The main conclusions are drawn as follows.International start-ups in the industries with high international competitiveness and the industries with internal financing dependence are more suitable for exploratory innovation;International start-ups in industries with low international competitiveness and dependence on external financing are more suitable for exploitable innovation.Industry technology intensity has a significant moderating effect on the impact of innovation strategies on international start-ups.The conclusions have a certain guiding role for the innovation strategy selection of international start-ups in different industries.
彭华涛, 孙霆姝, 周晨. 探索性创新还是开发性创新?行业特征对国际创业企业成长的调节作用[J]. 中国科技论坛, 2022(9): 107-117.
Peng Huatao, Sun Tingshu, Zhou Chen. Exploratory Innovation or Exploitative Innovation?The Moderating Effect of Industry Characteristics on the Growth of International Entrepreneurial Enterprises. , 2022(9): 107-117.
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