Executives Overconfidence,the Balance Of Dual Innovation And Enterprise Performance Regulation Of Non Precipitating Redundant Resources

With the improvement of economic globalization,innovation ability plays an important role in the competitiveness of enterprises.In academic circles,"dual innovation" has gradually become a hot research topic after being proposed and successfully measured.How to maintain the balance between exploratory innovation and exploitative innovation,as well as the influence mechanism of dual innovation balance on enterprise performance,are very important in management practice and academic research.The innovation activities of an enterprise are deeply influenced by the personality of its executives.This study takes overconfidence as independent variable,dual innovation balance as intermediary variable,non-precipitative redundant resources as regulating variable,and enterprise performance as dependent variable to build a model.Considering upper-echelons perspective and dual innovation theory,we put forward five hypotheses.Based on the data of 292 enterprises,this paper makes an empirical test on the hypotheses proposed,and draws the following conclusions:(1)Executive overconfidence has a negative effect on the balance of dual innovation;(2)The balance of dual innovation has a positive effect on corporate performance;(3)Executive overconfidence has a negative effect on corporate performance;(4)The balance of dual innovation play an intermediary role in the relationship between executive overconfidence and corporate performance;(5)Nonprecipitative redundant resources play a regulatory role in the model of "Executive overconfidence ? The balance of dual innovation ? Corporate performance".This study explored the value of keeping the balance of exploratory innovation and exploitative innovation,and supports the negative impact of executive overconfidence.