| In the knowledge economy of today, the globalization of economic activity accelerate technology innovation, present some new challenges, and it is driving companies to take technological innovation as the inevitable choice to improve their international competitiveness. Currently, the boundary of the enterprise and external environment has become increasingly blurred, any technological innovation activities can not be completely isolated. Under this situation, the traditional close innovation model has not meet the need of practice and open innovation is gradually being accepted by the enterprise. With the further reform and opening and national economic construction of rapid and sustainable development, in order to improve the output performance and market competitiveness, more companies continue to increase R&D investment, some companies even believe that R&D investment is the technological innovation investment of resources, the more they input, the higher they get output performance significantly. However, due to the lack of control, some companies, decline their corporate performance and even cause the collapse because they blindly increase innovation investment, we can see from that enterprise innovation investment is at risk under the open innovation environment. In this paper, we pay more attention to solve the following3problems:(1) what are the effect mechanism of technological innovation investment to technological innovation performance of enterprise?(2) what factors should be emphasized in the relation between technological innovation investment and the technological innovation output performance?(3) what’s the difference for technological innovation investment effect technology innovation performance in different types of industries?Combined with the theory of technological innovation, the theory of open innovation and absorptive capacity theory, this study, based on the interaction between absorptive capacity and technological innovation capability, builds a relational model on the relation between technological innovation investment and technological innovation performance. The main contents are as follows:The chapter1analyzes the research background, research questions, realistic and theoretical significance of the research, and elaborates the contents and methods.The chapter2, on the basis of home and abroad literature, systematically retrospects the technology innovation theory, the open innovation theory, absorption capacity theory and research resource theory, summarizes existing research important discovery, theory and research methods problem, clears the entry point of the study and builds the theoretical foundation of this paper.The chapter3, based on the basis of literature review and theoretical analysis of chapter2, proposes a technological innovation performance model on the relation between enterprise technical innovation investment and technological innovation performance, defines the relevant concepts, and proposed various hypotheses of this article.The chapter4elaborates questionnaire design, data collection, data consolidation validity and research analysis method. In the questionnaire design part, the questionnaire design process and measures to avoid bias, the data collection process, the subjects of the investigation to identify and questionnaire method and recovery process are introduced; at the same time, through no difference tests on a sample consolidation validity to ensure the validity of the merger of the sample; besides all of above, a chosen analysis method is discussed in this part.The chapter5designs all variables and measurement items, implements an empirical test on a series of hypotheses proposed in Chapter4according to the survey data and the theoretical model from chapter4, and compares and analyses test results with the expected assumptions and research conclusions. According to " Innovation inputs-ability performance" mechanism, this study explores the interactive mechanism between technological innovation investment and technological innovation performance through absorptive capacity and technological innovation capability.Chapter6does researches on comparative analysis on impact of technological innovation investment to technological innovation performance through different types of industry data, including different interaction between technological innovation performance and interior R&D investment, exterior technological merge and cooperated R&D investment, and absorptive capability in different industries.Chapter7summarizes the theoretical contribution, practical significance and major innovation points, while this study still have some deficiency on the theory and methods need to be carried on in future research.Use the method of combining theoretical research and empirical research, we draw the following main conclusions:Firstly, there is no directly influential relation between technology innovation investment and technology innovation performance, technology innovation investment impose an indirect impact on technology innovation performance through two mediate variables:absorption capability and technological innovation capability.We can discover from SEM analysis result that there is no significant impactive relation between technological innovation investment and technological innovation performance because of the join of absorptive capacity and technological innovation capability, which also demonstrate that there is no directly influential relation between technological innovation investment and technological innovation performance, and technological innovation investment impose an indirect impact on technological innovation performance through two mediate variables:absorption capability and technological innovation capability, which also demonstrate that It is not a simple practical way to increase investment in technological innovation to increase the performance of technical innovation, the only feasible way to improve enterprise technological innovation performance focuses on the coordinated development of the absorptive capacity, technological innovation capability and technological innovation investment.Secondly, we verified the important role of absorptive capacity in technological innovation activities of enterprises.The results showed that there exists significant positive impact relationship between absorptive capacity and technological innovation capability, at the same time there is a significant positive relationship between absorptive capacity and technological innovation performance, and significant positive impact between technological innovation capability and technological innovation performance. The results show that technological innovation capability plays a part of the intermediary role between absorptive capacity and technological innovation performance. Which proves the conclusion in the previous studies, that the absorptive capacity plays an important role in the relationship of enterprise technology innovation investment to technological innovation performance.Thirdly, the types of enterprises of different industries, the effect of its technological innovation investment technological to innovation performance are different, absorptive capacity plays different intermediary role in industry of experience-driven and industry of technology-driven.By different data analysis of industries types, we found that the effect of technological innovation investment and technological innovation performance are different. In Experience-driven industrial innovation knowledge, tacit knowledge as the dominant position, their knowledge viscous, so absorptive capacity plays role of internal R&D investment on technological innovation performance significantly greater than technology-driven industry; in technology-driven industries innovative knowledge, explicit knowledge as dominant position, their knowledge is less viscous, absorptive capacity, technology purchase investment and cooperation R&D investment is significantly greater than the role of technological innovation performance experience-driven industry. Absorptive capacity plays more important role between the external technology acquisition and technological innovation performance in technology-driven industries, representing a less important role in experience-driven industry. This also led to technological innovation investment activities on technological innovation performance industry differences.This study mainly reflects the following aspects of innovations:Firstly, this research builds a relational model of technological innovation investment and technological innovation performance, which creatively use process-oriented absorptive capacity and results-oriented technological innovation capability as mediate variables to explain the impactive mechanism of technological innovation investment to in technological innovation performance. The model explains to a certain extent the phenomenon of "input-output paradox", and points out that technological innovation investment of enterprises is not directly affect the technological innovation performance, but also indirectly affect the technological innovation performance by the interactive roles of absorptive capacity and technological innovation capability.Secondly, this study found the different role that absorptive capacity and technological innovation capability affect the relationship between technology purchase investment and technological innovation performance. The results display, technology purchased investment in technological innovation investment produce an indirect impact on the relationship of absorption capacity to technological innovation performance; technology purchase investment directly affect role of technological innovation capability is not significant, just generated by the absorptive capacity of the intermediary role of technological innovation capability indirect effects of an indirect effect on technical innovation performance.Thirdly, this study found that the absorptive capacity of the intermediary role of technological innovation investment on technological innovation performance there was obvious difference in the types of businesses in different industries. Dominant position in technology-driven industries, business innovation knowledge dominant scientific and technological knowledge, explicit knowledge is less viscous absorption capacity in science and technology-driven industry model, its intermediary role; experience-driven industries, business innovation knowledge hidden technical know-how dominant position, the tacit knowledge viscous, the absorption capacity in experience-driven industry model, the smaller intermediary role. |
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