Research On The Relationship Between Corporate Social Capital, Absorptive Capability And Innovation

With the development of economic globalization,innovation has gradually become the source of enterprises to maintain and enhance their competitiveness.Due to limitations in resources,information,technology,and capabilities,it is difficult for companies to independently complete complex innovation activities,and they have to seek cooperation from outside to introduce valuable knowledge and information to make up for their own innovations.As a key source of enterprise innovation,corporate social capital has become an important force for enterprises to obtain resources,exchange technology and share knowledge,and contribute to the improvement of innovation performance.However,some studies have shown that social capital will cause excessive investment in resources,hinder the absorption of new members,limit the individual freedom and other negative effects.Therefore,in order to explain the reasons why corporate social capital and innovation performance results are different,many scholars have introduced the absorptive capacity based on the further subdivision of corporate social capital.In recent years,China's high-tech enterprises have developed rapidly,and have become an important force for China to increase employment,adjust industrial structure and enhance international competitiveness.It is of great significance to China's sustainable economic development.This paper analyzes the relationship between corporate social capital,absorptive capacity and innovation performance in a systematic and in-depth way based on the theory of corporate social capital and absorptive capacity.On the basis of literature review,the social capital of the enterprise is divided into three dimensions: market,system and technical social capital.With the absorption capacity as the adjustment variable,the theory between the three variables of corporate social capital,absorptive capacity and innovation performance is constructed.Then,with 462 high-tech superior companies in China as the research samples,empirical tests were conducted through descriptive statistics and multiple regression analysis.The empirical results show that market and technology social capital have a significant positive impact on innovation performance,and absorption capacity is positively regulating the relationship between market,technology social capital and innovation performance,while institutional social capital has no effect on innovation performance.At the same time,this study also examines the influence of regions and corporate nature,and finds that enterprises in different regions and different corporate nature have the same influence on market,technological social capital,absorptive capacity and innovation performance,but the results on institutional society capital are different.