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Research on the impact of cross-regional investment on the innovation performance of agricultural enterprises under dual network embeddedness
Zhou Tao, Chen Mingshan
Science Research Management ›› 2026, Vol. 47 ›› Issue (8) : 136-146.
PDF(1080 KB)
PDF(1080 KB)
Research on the impact of cross-regional investment on the innovation performance of agricultural enterprises under dual network embeddedness
Achieving deep coordination between the agricultural industry chain and the innovation chain is a key pathway to building a strong agricultural country. Exploring the mechanism of how cross-regional investment by agricultural enterprises affects their innovation performance has important theoretical and practical significance. Based on a dual network embeddedness perspective, this study empirically analyzed the effect and underlying mechanisms of cross-regional investment intensity on the innovation performance of agricultural enterprises, using a sample of 281 agricultural enterprises nationwide from 2017 to 2021 and comprehensively employing a fixed effects model, instrumental variable methods, and mediation effect tests. The study found that:(1) Cross-regional investment intensity significantly enhances the innovation performance of agricultural enterprises, and this conclusion is verified through endogeneity treatment and various robustness tests. (2) The dual embeddedness in innovation and equity networks is the core pathway of action. Cross-regional investment promotes innovation by deepening the degree of embeddedness in these two networks, and the quality of innovation network embeddedness has a positive moderating effect on the relationship between cross-regional investment and innovation. (3) Heterogeneity analysis indicates that the stronger the knowledge absorption capacity and resource utilization capability within enterprises are, and when cross-regional investment transcends provincial boundaries alongside weaker inter-provincial boundary effects, the broader the expansion of their innovation boundaries and the more significant the innovation-enhancing effect of cross-regional investment. The study revealed the bridging role of dual network embeddedness in the relationship between cross-regional investment and innovation in agricultural enterprises. It will provide a theoretical basis for addressing the "weak innovation" dilemma in agriculture and offer practical insights into optimizing cross-regional factor allocation and improving cross-regional governance mechanisms.
agricultural enterprises / cross-regional investment / innovation performance / dual network embeddedness
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