An analysis of the influencing factors and complex configurations for the technological innovation of Chinese firms

doi:10.19571/j.cnki.1000-2995.2024.03.005

Abstract

Abstract: The factors affecting the technological innovation of enterprises are numerous and their effects are complex, thus making it difficult for existing economic importance measures to fully capture the significance of each factor. Utilizing the fsQCA method, we conducted a complex configuration analysis on 1457 A-share listed companies in China, and investigated the synergistic mechanisms among innovation elements and the importance ranking from a configuration perspective.The research found that: first, a high-tech innovation environment in a region is crucial for corporate technological innovation, necessitating particular emphasis on local financial development and property rights protection; second, in regions with low technological innovation environments, corporate technological innovation demands more from the internal environment; and a company′s investment in innovation and sufficient cash flow form the foundation of its technological innovation. Large-scale enterprises have an advantage in the quantity of technological innovations, while capital utilization efficiency guarantees the quality of these innovations; and third, single conditions are insufficient to support high technological innovation in companies; and various innovation-influencing factors exhibit differing degrees of importance through configurations. The conclusions of this study underscored the pivotal roles of innovation investment and economic growth in the configuration of high-tech corporate innovation. The proposed complex QCA analysis method will contribute to the understanding of the configuration importance and mechanisms of factors influencing corporate technological innovation, as well as similar complex configuration issues in research.

Key words: firms′ technological innovation, influencing factor, factor′s importance in configuration, complex configuration

Wang Rui, Qi Liangqun, Wang Lijing. An analysis of the influencing factors and complex configurations for the technological innovation of Chinese firms[J]. Science Research Management, 2024, 45(3): 42-52.

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An analysis of the influencing factors and complex configurations for the technological innovation of Chinese firms

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