Foreign competition, domestic competition and innovation in Chinese private high-tech new ventures

• 成果类型: Article
• 署名作者: Xia, Tianjiao; Liu, Xiaohui
• 署名单位: Loughborough University; Southwestern University of Finance & Economics - China
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/s41267-017-0083-y
• 发表日期: 2017
• 页码: 716-739
• 关键词: resource dependence theory; foreign competition; SOE competition; INNOVATION; MULTILEVEL ANALYSIS

摘要

Competition plays an important role in creating conditions favourable to innovation. However, is this the case for all types of competition? While recognizing the importance of competition in innovation, we address this question by examining the impact of foreign and domestic competition on the innovation performance of private high-tech new ventures. We argue that the impact of foreign and domestic competition on the innovation performance of local private firms may vary, due to the different types of resource interdependence with their competitors and learning gained by private firms. To test these arguments, we conducted a multilevel analysis of 805 Chinese private high-tech firms over the period 2001-2007. Our findings suggest that foreign competition has a U-shaped relationship with the innovation performance of private firms, whereas competition from state-owned enterprises positively affects private firms' innovation performance. Our study moves beyond the debate on whether competition increases or decreases innovation by unpacking the differential effects exerted by different types of competitors on the innovation performance of local private firms in the context of a transition economy.