Research on the impact of OFDI dynamic decision on the ambidextrous innovation leap of enterprises

doi:10.19571/j.cnki.1000-2995.2024.04.008

Abstract

Abstract: Ambidextrous innovation leap is of significant importance in continuously stimulating enterprises′ innovation vitality and utilizing the role of enterprises as the main body of innovation. However, established studies have paid little attention to the influencing factors of ambidextrous innovation leap. Internationalization is one of the factors affecting innovation of enterprises. Therefore, this paper examined the impact of outward foreign direct investment (OFDI) dynamic decision on ambidextrous innovation leap from the perspectives of investment speed and breadth by using the data of China′s A-share listed companies from 2016 to 2021 and constructing an industry-time dual fixed effect model. The research results indicated that: (1) Accelerating the OFDI speed significantly promotes the leap from exploitative to exploratory innovation and inhibits the leap from exploratory to exploitative innovation. (2) The OFDI breadth weakens the promoting effect of accelerating OFDI speed on the leap from exploitative to exploratory innovation and the inhibiting effect on the leap from exploratory to exploitative innovation. (3) Heterogeneity testing found that accelerated OFDI by non-state-owned enterprises has a stronger promoting effect on the leap from exploitative to exploratory innovation and a weaker inhibiting effect on the leap from exploratory to exploitative innovation compared with state-owned enterprises. Compared with developing economies, accelerating OFDI to developed economies has a stronger promoting effect on the leap from exploitative to exploratory innovation and a weaker inhibiting effect on the leap from exploratory to exploitative innovation. The findings will expand the research perspective on the innovation effects of OFDI by enterprises and provide management and policy insights for the enterprise and the government to promote ambidextrous innovation leap.

Key words: OFDI speed, OFDI breadth, exploratory innovation, exploitative innovation, innovation leap

Xiao Deyun, Tan Yiyang, Wang Zongjun. Research on the impact of OFDI dynamic decision on the ambidextrous innovation leap of enterprises[J]. Science Research Management, 2024, 45(4): 73-82.

References

[1]林润辉, 李康宏, 周常宝, 谢宗晓, 李娅.企业国际化多样性、国际化经验与快速创新——来自中国企业的证据[J].研究与发展管理, 2015, 27(05):110-121
[2]陈冬, 周慧, 吴佳慧.对外直接投资速度、研发国际化与企业创新[J].会计与经济究, 2021, 35(05):79-96
[3]薛军, 常露露, 李磊.中国企业对外绿地投资与企业创新[J].国际贸易问题, 2021, (05):32-48
[4]BURGELMAN R A.Strategy as Vector and the Inertia of Coevolutionary Lock-In[J].Administrative Science Quarterly, 2002, 47(2):325-357
[5]BENNER M J, TUSHMAN M L.Exploitation,exploration,and process management: the productivity dilemma are visited[J].The Academy of Management Review, 2003, 28(2):238-238
[6]MARCH J G.Exploration and exploitation in organizational learning[J].Organization Science, 1991, 2(1):71-87
[7]李瑞雪, 彭灿, 吕潮林.双元创新协同性与企业可持续发展：竞争优势的中介作用[J].科研管理, 2022, 43(04):139-148
[8]吴建祖, 肖书锋.创新注意力转移、研发投入跳跃与企业绩效——来自中国股上市公司的经验证据[J].南开管理评论, 2016, 19(02):182-192
[9]赵文, 赵会会, 吉迎东.双元创新跃迁与企业失败：社会关系网络的调节作用 [J].科研管理, 2022, 43(01):124-133
[10]MUDAMBI R, SWIFT T.Knowing when to leap: Transitioning between exploitative and explorative R&D[J].Strategic Management Journal, 2014, 35(1):126-145
[11]赵宸宇, 李雪松.对外直接投资与企业技术创新——基于中国上市公司微观数据的实证研究[J].国际贸易问题, 2017, (06):105-117
[12]毛其淋, 许家云.中国企业对外直接投资是否促进了企业创新[J].世界经济, 2014, 37(08):98-125
[13]董保宝, 程松松, 张兰.双元创新研究述评及开展中国情境化研究的建议[J].管理学报, 2022, 19(02):308-316
[14]O' REILLY C A, TUSHMAN M L.Organizational ambidexterity: Past,present,and future[J].Academy of Management Perspectives, 2013, 27(4):324-338
[15]贾慧英, 王宗军, 曹祖毅.研发投入跳跃与组织绩效:环境动态性和吸收能力的调节效应[J].南开管理评论, 2018, 21(03):130-141
[16]SWIFT T.The Perilous Leap between Exploration and Exploitation[J]. Academy of Management Annual Meeting Proceedings, 2014, (1):10924-10924
[17]李海东, 王梦蕾, 史寒之.任期、研发投入跳跃与企业绩效的关系——来自中国上市公司的经验证据[J].技术经济, 2018, 37(10):55-65
[18]谷克鉴, 李晓静, 向鹏飞.解构中国企业对外直接投资的创新效应——基于速度、时间和经验的视角[J].经济理论与经济管理, 2020, (10):83-98
[19]BRANSTETTER L.Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan's FDI in the United States[J].Journal of International Economics, 2006, 68(2):325-344
[20]赵伟, 古广东, 何元庆.外向FDI与中国技术进步:机理分析与尝试性实证[J].管理世界, 2006, (07):53-60
[21]李笑, 华桂宏.中国高科技企业 OFDI速度对创新绩效的影响——基于总体创新、颠覆式创新和渐进式创新视角[J].南方经济, 2020, (11):28-46
[22]吴先明, 黄春桃.中国企业对外直接投资的动因:逆向投资与顺向投资的比较研究[J].中国工业经济, 2016, (01):99-113
[23]HOTTENROTT H, PETERS B.Innovative capability and financing constraints for innovation: More money, more innovation?[J]. ZEW Discussion Papers, 2011, :-
[24]Barkema H G, Vermeulen F.International expansion through start-up or acquisition: A learning perspective[J].Academy of Management Journal, 1998, 41(1):7-26
[25]吴航, 陈劲.新兴经济国家企业国际化模式影响创新绩效机制——动态能力理论视角[J].科学学研究, 2014, 32(8):1262-1270
[26]陈衍泰, 李嘉嘉, 范彦成.中国企业国际化多样性与创新绩效——东道国制度与国有股权的调节效应[J].科技进步与对策, 2019, 36(07):91-97
[27]SINGH J.Distributed R&D,cross-regional knowledge integration and quality of innovative output[J].Research Policy, 2008, 37(1):77-96
[28]ASAKAWA K.Organizational Tension in International R&D Management: The Case of Japanese Finns[J].Research Policy, 2001, 30(5):735-757
[29]VERMEULEN F, BARKEMA H G.Pace, rhythm, and scope: process dependence in building a profitable multinational corporation[J]. Wiley-Blackwell, 2002, (7):637-653
[30]Chang S J, Rhee J H.Rapid FDI expansion and firm performance[J].Journal of International Business Studies, 2011, 42(8):979-
[31]孙传旺, 张文悦.对外直接投资与企业绿色转型——基于中国企业微观数据的经验研究[J].中国人口·资源与环境, 2022, 32(09):79-91
[32]吴慧.中国商业通史第五卷[M].中国财政经济出版社, 2004: 134-138.

Research on the impact of OFDI dynamic decision on the ambidextrous innovation leap of enterprises

Knowledge

Abstract

Cite this article

share this article

References

Related Articles 14

Recommended Articles

Metrics

[1]	Zhang Na, Liu Fengchao. Research on the realization mechanism of enterprises′ exploratory innovation performance based on knowledge relationship and activity process [J]. Science Research Management, 2023, 44(2): 45-54.
[2]	Wang Chuanzheng, Ge Yuhui. TMT external social capital, alertness and exploratory innovation [J]. Science Research Management, 2023, 44(10): 43-52.
[3]	Xie Wei, Xu Meng, Wang Yanyu. Research on the influence effect of export intensity on innovation structures of enterprises [J]. Science Research Management, 2023, 44(1): 89-99.
[4]	Zhang Mengtao, Zhang Shengtai. The effect of relationship network on organizational resilience: The mediating role of ambidextrous innovation [J]. Science Research Management, 2022, 43(7): 163-170.
[5]	. Policy uncertainty and innovation digitization——A study from the perspective of ambidextrous innovation [J]. Science Research Management, 2022, 43(4): 1-10.
[6]	Xie Maohua, Wang Jiao, Liu Tiexin. Research on the path of improving strategic performance of state-owned enterprises through "mixed reform" and integration: A comparative analysis of two cases from the perspective of dual innovation theory [J]. Science Research Management, 2022, 43(10): 99-115.
[7]	Zhao Wen, Zhao Huihui, Ji Yingdong. Ambidextrous innovation leap and enterprise failure: The moderating role of social relationship network [J]. Science Research Management, 2022, 43(1): 124-133.
[8]	Cao Yuankun, Xiong Li. A study of the impact of R&D employees′ ambidextrous mental model on their innovation behaviors#br# [J]. Science Research Management, 2020, 41(4): 112-122.
[9]	Yang Zhi, He Dan, Zhang Pengcheng. Impact of performance orientation culture on innovation [J]. Science Research Management, 2017, 38(9): 86-96.
[10]	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.
[11]	Jin Xin, Chen Song. Impact of knowledge source strategy, dynamic capability on exploratory innovation performance:An empirical analysis based on Chinese knowledge-intensive service enterprises [J]. Science Research Management, 2015, 36(2): 32-40.
[12]	Hu Baoliang. Business models, innovation ambidexterity and firm performance [J]. Science Research Management, 2015, 36(11): 29-36.
[13]	Wu Junjie, Sheng Ya, Jiang Wenjie. Research on entrepreneurs’ social network, dualistic innovation and technologicalinnovation performance [J]. Science Research Management, 2014, 35(2): 43-53.
[14]	Lin Ming, Dong Birong. An empirical research on the influences of related technological diversity upon ambidexterity of exploratory and exploitative innovations under the dynamics of industrial technology [J]. Science Research Management, 2014, 35(10): 9-16.