The Threshold Characteristics and Innovation Speed of High Technology Industry
Yu Liping1,Sun Jianhong2
1.School of Management Engineering and Electronic Business,Zhejiang Gongshang University,Hangzhou 310018,China; 2.Business School of Ningbo University,Ningbo 315211,China
Abstract：Action mechanism framework of innovation speed was constructed in this paper,including linear mechanism and nonlinear mechanism.Linear mechanism is one of mechanisms that innovation speed can effectively improve innovation output through the effect of competitive advantage,building brands,cutting cost and earning profits.Nonlinear mechanism insists of scale economic effect and moderate speed effect.On this basis,it carried on a empirical research using panel data modal and panel threshold regression model.It shows that innovation speed significantly affects innovation output with a 0.344 elastic coefficient.With more innovation output,elastic coefficient of innovation speed increases.When innovation speed is at a medium level,elastic coefficient of innovation speed is largest.Elastic coefficient of firm R&D input is largest,the performance of the full-time equivalent financial technology input and R&D staff is generally not high
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