Research On The Impact Of Redundant Resources On Innovation Performance Of SMEs

The high-quality development of the economy cannot be divorced from the upgrading of industrial technology.The technological innovation have great significance on the survival and development of enterprises especially during the moment when industrial technology upgrading has become the consensus of the industry.Due to the disadvantages in terms of enterprise-scale and resource reserves,the innovation activities of enterprises are often restricted by limit innovation resources for large number of SMEs in our country.The academic circles tend to consider only the context of large enterprises,and have not reached consensus on the relationship between the redundant resources and innovation performance.Considering the strong motivation of SMEs to use redundant resources due to restrictions of resources and the flexibility to use redundant resources,this paper finds the necessity to explore the relationship between redundant resources and innovation in the context of SMEs.Former studies revealed the supportive role of dynamic capabilities in enterprise innovation during the process of transformation of redundant resources for SMEs.Therefore,this paper introduces dynamic capabilities as an intermediary variable to explore its role in the process of innovation and transformation of SMEs’ redundant resources.At the same time,considering the industrial-technological changes faced by enterprises in various industries,this paper introduces technological discontinuity as a moderator variable to explore the impact of the degree of industrial technological change on innovation process of SMEs’ redundant resources.Based on the resource-based view and dynamic capability theory,after combing the relevant concepts,this paper puts forward a new hypothesis on the relationship between two kinds of redundant resources and innovation performance in the context of SMEs.It is considered that there is an inverted U-shaped relationship between precipitation redundancy and innovation performance of SMEs,while non precipitation redundancy is positively correlated with innovation performance of SMEs.At the same time,this paper puts forward the hypothesis that enterprise dynamic capability plays an intermediary role in the above relationship and technological discontinuity plays a positive regulatory role in the above relationship.In order to verify the above assumptions,this paper selects 389 manufacturing SMEs in the domestic A-share market from 2015 to 2020 as the research sample,and obtains the financial and patent information of the sample enterprises and related industries based on cnrds and incopat database,so as to complete the construction of each research index.Then,this paper uses Stata software panel regression analysis to verify the hypothetical model proposed in this paper.The empirical results confirm the inverted U-shaped relationship between precipitation redundancy and innovation performance,and the positive correlation between non precipitation redundancy and innovation performance.The mediating effect of dynamic capability between non precipitation redundancy and innovation performance has been verified,but the mediating effect between precipitation redundancy and innovation performance is not significant;The positive moderating effect of technological discontinuity between two kinds of redundancy and innovation performance of SMEs has also been verified.The research conclusion of this paper expands the relevant research on redundant resources and innovation performance in the context of SMEs,enriches the research and application of dynamic capability theory in the process of innovative utilization of redundant resources,and deepens the research on the impact of industrial technological change on the innovation performance of SMEs.To a certain extent,it also verifies the feasibility and rationality of SMEs to reasonably allocate their own redundant resources to improve innovation performance,which has certain guiding significance for all kinds of enterprise managers and industrial management institutions in improving the technological innovation ability of enterprises.