Research On The Impact Of Redundant Resources On Innovation Input Of Performance Decline Enterprises

China is in an important period of economic growth and kinetic energy conversion.In the past,the way to participate in international competition at the expense of cheap labor,low product prices and consumption of resources and environment has gradually disappeared,and the demand for innovation in economic growth has become increasingly prominent.As a participant and practitioner of the national innovation strategy,the innovation investment of enterprises is closely related to the implementation of the national innovation-driven development strategy.Studies have shown that in the same external environment,there is still a big difference in the innovation investment of enterprises.Therefore,it is especially important to explore the influence of internal factors on the innovation investment of enterprises from within the enterprise.By studying the previous literature,this paper explores the relationship between different types of redundant resources and enterprise innovation input from the perspective of internal resources of the organization,and introduces executive stock ownership and executive compensation as the adjustment variables from the perspective of resource allocation.This paper takes the enterprises with declining performance of China's A-share manufacturing industry from 2009 to 2016 as a research sample.A total of 4147 unbalanced panel data of 1411 companies use Stata14.0 for data analysis and hypothesis testing.Hypothesis test results show that:for performance-declining enterprises,(1)the unabsorbed redundant resources and the absorbed redundant resources in the organization are positively related to the enterprise's innovation input,and the absorbed redundant resources have greater impact on the enterprise's innovation investment;(2)The executives' stocks positively adjust the relationship between unabsorbed redundancy and innovation input and positively adjust the relationship between absorbed redundant resources and enterprise innovation inputs;(3)executive compensation for unabsorbed redundant resources and The influence coefficient of the relationship between enterprise innovation investment is negative,but not significant.This shows that executive compensation has a weak negative impact on unabsorbed redundancy and enterprise innovation investment.Executive compensation has absorbed redundant resources and innovation.There is a significant positive impact between inputs.Based on the above research results,this paper gives the management inspiration and provides areference for Chinese corporate governance.