Top management team social capital, digital technology and enterprise innovation performance

Abstract

ABSTRACT Top management team (TMT) social capital plays an important role in obtaining innovation resources and improving enterprise innovation performance (EIP). However, there are few literatures on the impact of different dimensions of TMT social capital on EIP, especially in the digital era. Taking the listed companies disclosed by Shanghai Stock Exchange in 2008–2019 as samples, based on resource-based view and social network theory, a moderated mediation model is constructed. This paper examines the mechanism of TMT social capital affecting EIP, the mediating role of digital technology and the moderating role of network position. The results show that, TMT overseas capital and academic capital have significant positive effects on EIP; digital technology mediates the relationship between overseas capital, academic capital and EIP; network position moderates the relationship between academic capital and digital technology. Furthermore, the mediating role of digital technology in the relationship between academic capital and EIP is moderated by network position. The research conclusion enriches the research on TMT social capital, digital technology and EIP, and provides helpful guidance for enterprises to make full use of TMT social capital to manage digital technology and improve EIP.