Research On The Impact Of The Synergy Of Technology Management Capability And Technological Capability On Competitive Advantage

With the coming of the knowledge-based economy ages,the environment of competition faced by firms is becoming more and more tougher and successful innovation has become the key to build competitive advantages.In this context,more and more firms in China have begun to invest a huge amount of financial and human resources to innovate,but unfortunately,there is still a big gap in terms of innovative ability between firms in China and firms in developed countries.The main reason is that successful innovations rely not only on acquiring technological capability,but also on the management of technological resources,namely technology management capability.As the maker and implementer of the strategic decisions,top management team plays an important role in the innovation activities of firms.In order to promote senior managers to make full use of their managerial abilities and avoid their personal opportunistic behaviors,designing scientific and reasonable corporate governance can motivate and constrain the behaviors and decisions of top management team.Moreover,as the reform goes on,regional differences of institutional development affect the functions of corporate governance.Therefore,under such context,how to build competitive advantages of firms by technology management capability and technological capability under the influence of internal and external institutions is the main problem that this research is going to solve.Based on Resource-Based View,this research analyzes the impact of corporate governance on the relationship between the synergy of technology management capability and technological capability and competitive advantage under the influence of institutional development.Recent data on Chinese publicly listed manufacturing firms in Shenzhen and Shanghai stock markets during 2012 – 2014 are used to test the relationship between the synergy of technology management capability and technological capability and competitive advantage,the contingency factor of corporate governance and the contingent role of institutional development.This research finds that:(1)The synergy of technology management capability and technological capability is positively related to competitive advantage.(2)The incentive mechanisms moderate the positive relationship of the synergy of technology management capability and technological capability and competitive advantage in inverse U-shape.Whereas,the monitoring mechanisms do not paly the moderating roles in the relationship of the synergy of technology management capability and technological capability and competitive advantage.(3)Institutional development moderates the moderating roles of incentive mechanisms positively,but it does not have any effect on the moderating roles of monitoring mechanisms.This research strengthens the understanding of the relationship between the synergy of technology management capability and technological capability and competitive advantage and contributes to important managerial implications to improve enterprise competitive advantage.