An Empirical Study Of Political Correlation,Innovation Capability And Sustainable Competitive Advantage

The energy sector involves coal,oil,natural gas,electricity,chemicals,new energy and other important industries that affect the national economy and people's livelihood.In recent years,under the impact of the rapid development of the social economy and the government's "energy revolution" policy,China's energy companies have a faster and deeper level of strategic adjustment of corporate organization and product structure,as a natural environment and resources.The main energy enterprise,which is represented as a resource-concentrated enterprise in its natural attributes,firstly it should be dependent on resources,which is also the key factor of energy enterprises,and because it depends on the attribute of resources,here In the process,we still need to rely on relatively strong resources to form a huge advantage,in this way to achieve the competitive advantage of energy companies.Under the institutional background of the transitional economy,the government still plays an important role in economic activities and has a great influence on the allocation of economic resources.The production and operation of an enterprise is at the same time in a competitive market environment and a non-market environment.The most important thing in a non-market environment is the relationship between the enterprise and the government.In particular,China is still in a special period of economic transformation,and the legal system and economic system remain.Imperfect,in order to be in an invincible position in a complex and turbulent economic and political environment,establishing a good cooperative relationship with politics can reduce the transaction costs of enterprises,and can also help the long-term growth of enterprises.Therefore,enterprises and governments There is often a close connection between them.This paper summarizes the existing theories of political connection,innovation ability and sustainable competitive advantage,and analyzes and sorts out the relationship between the three.According to the theory and actual situation,the relevant variables were selected,and 54 energy listed companies were used as the research samples of this paper.The relevant data of 2013-2016 were empirically analyzed to explore the political connection,sustainable competitive advantage and innovation ability.The mediating effect between the above relationships.The study found that there are political connections among the energy companies in the sample,and the sustainable competitive advantage is stronger,and the ability to innovate plays a mediating role in this relationship.Finally,revealing that the essence of the relationship between political connection and sustainable competitive advantage is that the relationship between enterprises and government is more important in the context of enterprise transformation and upgrading,and from the perspective of government.Relevant policy recommendations were proposed separately from the corporate perspective.At the same time,the research limitations of this paper are introduced,and the future research is prospected.