Abstract
There is still A lack of explanation on the influence mechanism of the existing theories of institutional investors on the dual innovation perspective. Based on the resource-based view, this project takes 3093 A-share listed companies from 2015 to 2019 as samples and uses OLS regression analysis to explore the relationship between the shareholding ratio of institutional investors and enterprise exploratory innovation, exploitative innovation and dual innovation. On this basis, the mediating role of TMT stability and the moderating role of digital transformation are analyzed. It is found that the shareholding ratio of institutional investors inhibits firms' exploratory innovation, development innovation and dual innovation. The stability of SENIOR management team plays a partial mediating role in the influence of shareholding ratio of institutional investors on exploratory innovation, developmental innovation and dual innovation. Digital transformation inhibits the influence of shareholding ratio of institutional investors on exploratory innovation, development innovation and dual innovation. This study expands the existing theory of dual innovation and provides experience for enterprise innovation management.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have