Entrepreneurship,Enterprise Size And Enterprise Innovation

As the pace of economic globalization continues to accelerate,the importance of innovation for economic growth has become increasingly prominent.As the main carrier of technological innovation,the innovation capability of enterprises has also received more and more attention.How to stimulate the enthusiasm of enterprise innovation and improve the efficiency of enterprise innovation has become a research hotspot in academia.Many researches show that enterprise innovation is affected by many factors.Under a similar external environment,the enterprise’s own attributes,especially entrepreneurship and enterprise size,are undoubtedly important factors that affect enterprise innovation.As the main body of daily operation and management of the enterprise,the stronger the entrepreneur’s ability,the more beneficial it is to the expansion of the enterprise scale and the innovation.This is particularly evident in innovative companies represented by Tesla,Xiaomi,and DJI.The success of these companies is undoubtedly inseparable from their entrepreneurial capabilities.On the one hand,due to the risk and uncertainty of innovation itself,entrepreneurs need to have the spirit of taking risks and provide a material and personnel basis for corporate innovation through the rational allocation of corporate resources;on the other hand,innovation itself has the characteristics of high investment,complexity and the long-term basis,it also relies heavily on capital and technology.The entrepreneur’s personal ability will play an active role in the external acquisition of resources,and promote enterprise innovation by obtaining external financing,inter-enterprise cooperation and government policy support.Enterprises of different sizes also show significant differences in innovation.Relevant research believes that the larger the scale of the enterprise,the greater the advantages in terms of capital,technology,and talents that directly affect innovation.In addition,large enterprises have established special R&D departments,and expanding the diversifying financing channels also represents more innovative choices,funding sources and risk resistance.These advantages are undoubtedly unmatched by SMEs.Schumpeter’s innovation theory points out that due to the advantages of large enterprises in capital technology,talent concentration,risk taking,information acquisition,market competition,etc.,they will occupy a dominant position in the innovation field.This point is supported by many research results,but the debate about what kind of enterprise is more innovative is always present.This is also the issue to be discussed in this article.Based on the above analysis,this paper first sorts out the literature on the relationship between the three.Secondly,it provides a theoretical basis for analysing problems based on entrepreneurs,enterprise basic resources,technological innovation,institutions,principal-agent and other related theories;The analysis of the mechanism of enterprise innovation and enterprise scale on enterprise innovation provides logical support for research issues.Finally,based on the panel data model from the empirical perspective,the company ’s scale on enterprise’s impact is first demonstrated by selecting China ’s listed company data for four consecutive years from 2014 to 2017,and then introduce the entrepreneurial ability index through a more comprehensive quantitative analysis of various aspects of entrepreneurial ability,thereby studying the impact of entrepreneurial ability on enterprise size and enterprise innovation,and on this basis,further discussed the impact of the nature of enterprise ownership and regional differences on enterprise innovation.The empirical results found that:(1)There is a significant positive correlation between enterprise size and enterprise innovation,and enterprise innovation ability increases with the expansion of enterprise size,indicating that the larger the enterprise size,the more the enterprise has the advantage of innovation(2)By adding the entrepreneurship index,we found there is a positive correlation between entrepreneurial ability,enterprise scale and enterprise innovation,that is,the improvement of entrepreneurial ability is helpful to the expansion of enterprise scale and enterprise innovation.(3)The impact of entrepreneurial ability on enterprise innovation has a difference in ownership nature.The entrepreneurial ability of non-state-owned enterprises has a more significant positive impact on enterprise innovation,and there is not enough evidence to show that entrepreneurs of state-owned enterprises will influence enterprise innovation.The impact has shown that the innovation capabilities of entrepreneurs in state-owned enterprises are lacking.Finally,based on the above theoretical and empirical results,this article puts forward policy recommendations from three aspects: entrepreneurs themselves,government and enterprises.