Research On The Relationship Between Firm's Stakeholders And Technological Innovation Performance

In the context of globalization and networking, stakeholder theory is more and more respected by businessmen. Enterprise management is moving from "stakeholders affected" to "stakeholder participation". In technological innovation practice, closed innovative ways have been completely broken. So in order to maintain a sustained competitive advantage and ultimately improve technological innovation performance, enterprises must be cooperated with other innovative objects through complementing each other, risk-sharing and profit-sharing. Therefore, it has great significance to apply stakeholder theory to the domain of technology innovation performance and use empirical study. This is also an important innovation point in this paper.On the basis of literature review including stakeholder theory, stakeholders in technology innovation and the relationships between stakeholders and technological innovation performance, the author classify stakeholders according to power and stakes into three kinds which are high degree of balance-stakeholders, intermediate stakeholders and low balance-stakeholders. In addition, the paper analyze stakes and power requirements of them in theory. And then quantitative analysis was used to understand research topics. In this work, the questionnaire was used for collecting data. Totally 470 questionnaires were sent out, while 119 valid ones were got back. The ratio of valid questionnaire is 25.3%. During the procedure of data processing, some methods such as factor analysis and multiple linear regression were used to verify hypotheses in the model. Subsequently, it takes one domestic enterprise which is well-known for communications equipment manufacturing as an example to test results of the former quantitative research and research framework proposed in this paper. Through theoretical exploration and quantitative analysis, some important conclusions are as follows:Firstly, overall, positive correlation between three types of stakeholders and technological innovation performance has been validated by empirical study.Secondly, from individual perspective, both power and stakes of customers, senior staff, suppliers, distributors, governments and creditors had a positive impact on technology innovation performance.Thirdly, the size of power in technology innovation affects technology innovation performance weakly in markets for shareholders, while cooperators are on the opposite; the size of stakes which are got from technology innovation plays a negative role in improving technology performance, while there is no marked affecting relationship for rivals. In addition, it is negative to performance in markets.Besides, in accordance with research results and concrete circumstance of enterprises, the article provides advices for improving technology innovation performance and maximizing the value of enterprises, and expects the future research.