Research On The Impact Of Internationalization Strategy And Economic Policy Uncertainty On Ambidextrous Innovation Performance Of Chinese Firms

With the in-depth development of global innovation network,internationalization has become an important strategy for Chinese firms to expand access for strategic resources and seek overseas market opportunities in order to enhance their core competitive strength.However,existing relevant research mainly rooted in western developed countries,ignoring the key motivation of firms in emerging economies,which is actively carry out cross-border production and operation activities.At the same time,existing research doesn’t distinguish internationalization strategy or innovation performance,so can’t explore the differences in mechanism.Therefore,at the basic of Chinese special institutional background,combining springboard theory and ambidextrous theory,this paper brings the internationalization strategy at the micro level and the economic policy uncertainty at the macro level into the same analytical framework,then investigates the impact of the above factors on the firms’ ambidextrous innovation performance,which has theoretical value and practical significance.Based on the above,this paper firstly combs the relevant theories and literature,then analyzes the impact mechanism of internationalization depth strategy,internationalization breadth strategy and economic policy uncertainty on firms’ exploratory innovation performance and exploitative innovation performance respectively,so as to build a theoretical framework for following contents.Next,taking Chinese Listed Companies in 2008-2018 as a sample,using negative binomial regression model to carry out empirical research: first,explore the impact of internationalization strategy on ambidextrous innovation performance;then discuss the regulatory role of economic policy uncertainty.In addition,this paper carries out heterogeneity analysis according to the ownership type,economic region and industry technology intensity.The results show that the implementation of internationalization strategy can significantly promote the performance of exploratory innovation;carrying out overseas business activities can significantly improve the performance of exploitative innovation;Economic policy uncertainty,it positively regulates the relationship between internationalization depth strategy and exploratory innovation performance,it also positively regulates the relationship between internationalization breadth strategy and exploitative innovation performance.Theoretically this paper expands and deepens the research on the impact of internationalization strategy on ambidextrous innovation performance in emerging economies from the perspective of springboard,as well as promotes the integration of springboard theory and ambidextrous innovation theory.At the same time,enriching the relevant research in the field of economic policy uncertainty.Practically this research not only provides a useful reference for firms to effectively improve innovation capability and accelerate technological catch-up in a competitive environment.But also plays a guiding role for the government to promote the high-quality development of firms through R&D fund investment and supporting policy guarantee etc.