Technological Innovation and The Scale of User Base of High-Tech Enterprises: The Moderating Effect of The of Ownership

Abstract

Based on the data of listed companies in Shanghai and Shenzhen A-share electronic information technology industry from 2015 to 2020, this paper investigates the effect mechanism and difference of two types of technological innovation modes (progressive technological innovation and abrupt technological innovation) on user scale of high-tech enterprises with different ownership nature. The results show that there is a positive linear relationship between incremental and abrupt technological innovation and user scale, and the abrupt technological innovation plays a greater role in promoting user scale growth than the gradual technological innovation. The relationship between technological innovation and user scale is significantly adjusted by the nature of enterprise ownership, and the gradual technological innovation is suitable for state-owned enterprises to increase user scale, while the abrupt technological innovation is suitable for non-state-owned enterprises to increase user scale.