Impact Of Entrepreneurship And Innovation On Corporate Growth

With the rapid development of economic globalization and technology,the market competition is more and more fierce.China needs to promote economic transformation and upgrading and high-quality development.As the mainstay of high-quality development,enterprises need to achieve high-quality growth.Therefore,enterprises need to realize leaping development through innovation.As an important driving force for enterprise innovation and growth,entrepreneurship become the focus of attention of enterprises and scholars.However,the theory of entrepreneurship is not perfect,and scholars have different understanding of entrepreneurship.Therefore,Therefore,it is necessary to study the connotation and dimension of entrepreneurship,and the mechanism of the influence of entrepreneurship on the growth of enterprises,combining with the current requirements of optimizing business environment and carrying forward excellent Entrepreneurship.This study can not only reveal the internal mechanism of entrepreneurship affecting the growth of enterprises,but also provide practical suggestions for optimizing business environment to stimulate entrepreneurship and then drive the innovation growth of enterprises.This research is conducted under the guidance of innovation theory,enterprise growth theory,creativity theory and open system theory.On the basis of in-depth and systematic theoretical analysis,this paper constructs a research model of "entrepreneurship — enterprise innovation — enterprise growth",and takes business environment as a moderator.The theoretical model follows the logical framework of institutional environment—influencing factors—influencing path—economic effect.The sample data were collected by questionnaire.This paper uses the sample data for empirical analysis to reveal the direct impact of entrepreneurship on enterprise growth,and the mediating effect of enterprise innovation,and the moderating effect of business environment.The research of this paper includes the following contents:First,the relationship among entrepreneurship,enterprise innovation and enterprise growth is analyzed theoretically.This paper analyzes the influence of entrepreneurship on enterprise growth from two aspects of opportunity identification and resource integration.It also analyzes the relationship between entrepreneurship and enterprise innovation,as well as the relationship between enterprise innovationand enterprise growth,and proposes that enterprise innovation is the intermediary between entrepreneurship and enterprise growth.Based on the open system theory,this paper reveals the regulatory effect of business environment on Entrepreneurship from the perspectives of legitimacy,and resource dependence.Second,this study constructs a conceptual model of the influence of entrepreneurship on enterprise growth.It constructs a conceptual model of the relationship between entrepreneurship and enterprise growth with enterprise innovation as the mediator,and business environment as the moderator.This paper defines entrepreneurship as three dimensions: innovation spirit,adventure spirit and contract spirit,and defines enterprise innovation as three dimensions: technological innovation and business model innovation.Furthermore,the relationship between the subdividing dimensions of each variable is analyzed systematically,and the hypothesis of the relationship between the subdividing dimensions of each variable is put forward.Third,this study designed the measurement scale of each variable,and designed the questionnaire according to the scale to collect sample data.Based on the summary of the existing literature,combined with the results of expert discussion and interviews with entrepreneurs,this paper designs the scale of entrepreneurship,enterprise innovation and enterprise growth,and uses the questionnaire to collect sample data.In order to test the validity of the sample,spss25.0 software and AMOS7.0 software were used to analyze the reliability and validity of the sample data,and the basic statistical analysis of the sample data was carried out.Fourth,this study makes an empirical test on the conceptual model.This paper analyzes the correlation of sample data to judge the relationship between variables.In order to test the research hypothesis,this paper uses regression analysis and bootstrap method to demonstrate the relationship and mechanism between entrepreneurship,enterprise innovation,enterprise growth and business environment from an empirical perspective.Through theoretical and empirical research,following main conclusions are drawn:First,each dimension of entrepreneurship has a direct positive effect on the growth of enterprises,and innovation spirit has a stronger effect on the growth of enterprises than risk-taking spirit and contract spirit.The positive effect of contract spirit on the growth of private enterprises is stronger than that of state-owned enterprises.Second,each dimension of entrepreneurship has an obvious positive role in promoting technological innovation and business model innovation,and the role ofrisk-taking spirit in promoting business model innovation of state-owned enterprises is stronger than that of private enterprises.Third,technological innovation and business model innovation have positive effects on the growth of enterprises,which is more obvious in private enterprises.Fourth,technological innovation and business model innovation are the mediate factors of the relationship between various dimensions of entrepreneurship and enterprise growth.In addition,in state-owned enterprises,entrepreneurship mainly affects the growth of enterprises through the mediator of business model innovation.Fifth,the business environment has a positive moderating effect on the direct relationship between entrepreneurship and enterprise growth.The business environment regulates the intermediary role of enterprise innovation between entrepreneurship and enterprise growth,which negatively moderates the intermediary role of technological innovation between entrepreneurship and enterprise growth,and positively moderates the intermediary role of business model innovation between entrepreneurship and enterprise growth.Finally,combined with the results of theoretical analysis and empirical research,this paper discusses the results of the study,and puts forward suggestions to promote the healthy growth of enterprises from three aspects: promoting entrepreneurship,promoting enterprise innovation,and optimizing business environment.The main innovations are as follows:First,In this study,the spirit of contract is included in the study of entrepreneurship,which injects new connotation into entrepreneurship,analyzes new dimensions,and provides theoretical and empirical support for the research and scale development of entrepreneurship in the new era.On the basis of a large number of literature analysis,this paper holds that entrepreneurship is composed of value system and behavior tendency,and its essence is innovation.Its main contents include the pursuit of innovation and excellence,the courage to take responsibility and bear risks,and the adherence to contracts.This paper divides the dimensions of entrepreneurship into innovation spirit,risk-taking spirit and contract spirit,which takes the contract spirit as an important dimension of entrepreneurship into the research framework.Based on the literature and the results of expert discussion,this study developed the entrepreneurial contract spirit scal.Second,based on the analysis of the relationship among entrepreneurship,enterprise innovation and enterprise growth,this study reveals the internal mechanism of entrepreneurship promoting enterprise growth through enterprise innovation.At present,most of the researches reveal the intermediary path of entrepreneurshipinfluencing the growth of enterprises from the perspective of enterprise capability,and there is little discussion on the intermediary role of enterprise behavior.Based on the theory of creativity,this study analyzes the transformation of entrepreneurship into enterprise innovation and forms the driving force of enterprise growth,uncovers the internal mechanism of entrepreneurship to promote enterprise growth through enterprise innovation,and makes a comparative analysis of the property right nature to this mechanism.Third,the business environment is brought into the research framework of the relationship between entrepreneurship,enterprise innovation and enterprise growth,which reveal how the business environment regulates the internal mechanism of the relationship between entrepreneurship and enterprise growth.Most of the existing researches focus on the direct impact of business environment on entrepreneurship,while a few of them focus on the moderating role of business environment on the direct relationship between entrepreneurship and enterprise performance.But there is little research on the moderating effect of business environment on the mediating factors between entrepreneurship and enterprise growth.This paper brings business environment into the research framework of entrepreneurship,enterprise innovation and enterprise growth to reveals the moderating role of business environment between entrepreneurship and enterprise growth.This paper also studies the moderating effect of business environment on the intermediary role of enterprise innovation between entrepreneurship and enterprise growth.