The binary equilibrium of the structure of technological diversity, coherence and performance of exploratory innovations

Abstract

Abstract: The exploratory innovation plays an important role in upgrading, which can change the trajectory of technology. An analysis of the relationships between binary equilibrium of related and non-related technological diversity, coherence and performance of exploratory innovations is made based on the panel data of 83 China listed electronic companies, and the results of Random-Effects Negative Binomial Model analysis indicate that, firstly, there is an inverted U-shaped relationship between relatively related technology diversification and performance of exploratory innovation, that is, binary equilibrium of related and non-related technological diversity maximizes performance of exploratory innovations; andsecondly, under the background of China transition economy and faced with dynamics of environment, enterprises may reduce the path dependence, and be prone to search, integrate and utilize non-related technology. Therefore, Coherence may not positively moderate the relationship between relatively related technology diversification and performance of exploratory innovation. Thus, in order to promote performance of exploratory innovation, enterprises should keep the balance between related and non-related technological diversity.

Key words: technology diversity, binary equilibrium, coherence, exploratory innovations

CLC Number:

F270.7

Lin Ming, Ren Hao, Dong Birong. The binary equilibrium of the structure of technological diversity, coherence and performance of exploratory innovations[J]. Science Research Management, 2015, 36(4): 65-72.

References

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