A Study On The Influence Of Organizational Inertia On The Innovation Performance Of OFDI Enterprises

OFDI is an important channel for Chinese manufacturing companies to acquire advanced technologies and enhance innovation performance.In order to gain competitive advantage on a global scale,the pace of China's manufacturing OFDI has accelerated in recent years,and it has the characteristics of leaping development.Different from the mature enterprises OFDI in developed economies,Chinese enterprises are unique in terms of strategic demand,institutional environment and internationalization process.At present,China's manufacturing enterprises are in the critical period of innovation and internationalization,which not only has the strategic demand for acquiring advanced technologies but also faces the constraints of insufficient internationalization capabilities.In this context,it is of great theoretical and practical value to demonstrate the mechanism of the influence of organizational inertia in strategy and structure,resources and capabilities on their innovation performance,and further propose the optimization of corporate OFDI strategy selection and the development of nationalization capability.After defining the concept and connotation of organizational inertia,based on the strategic and structural dimensions,resources and capabilities dimensions of organizational inertia,state-owned holding,internationalization experience,and core business capabilities are used as explanatory variables.While discussing the impact of the two-sidedness of organizational inertia on the innovation performance of enterprises,it also verifies the decision mechanism of organizational inertia on international joint venture choices,and further tests the impact of international joint venture choices on corporate innovation performance.Research indicates:First,the strategic inertia in state-owned holdings and the structural inertia in the early internationalization experience have a negative effect on corporate innovation performance,while the inertia of resources and capabilities in core business capabilities has a positive effect on R&D investment-innovation performance.Further,compared to entering backward economies,Core business capabilities and entering developed economies have jointly promoted corporate innovation performance.Second,the strategic and structural inertia of state-owned holdings and earlyinternationalization has increased the possibility of Chinese companies entering foreign markets through international joint ventures.Moreover,international joint ventures have a negative effect on R&D investment-enterprise innovation performance.The effect is also affected by the choice of location.Compared with entering the developed economies,entering the backward economies has increased the above negative adjustment effect.