Finance & Economics of Xinjiang ›› 2024, Issue (4): 48-57.doi: 10.16716/j.cnki.65-1030/f.2024.04.005

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Enterprise Strategic Radicalism, Network Chain Collaboration and Innovation Resilience

ZHANG Guangsi1, CHEN Xian1, XIE Jiaping1,2, WANG Huiyan1   

  1. 1. Xinjiang University of Finance and Economics, Urumqi 830012, China
    2. Shanghai University of Finance and Economics, Shanghai 200433, China
  • Received:2024-01-02 Online:2024-08-25 Published:2024-09-12

Abstract:

Faced with a complex and ever-changing external environment, improving the innovation resilience of enterprises is of great significance for improving the resilience of industrial chain and supply chain and realizing national scientific and technological self-reliance in China. Based on the data of Shanghai and Shenzhen A-share listed companies from 2013 to 2022, this paper empirically examines the impact of corporate strategic radicalism on corporate innovation resilience. It is found that, compared with conservative enterprises, enterprises adopting aggressive strategies have higher innovation resilience, that is, the degree of enterprise strategic radicalism can promote the improvement of innovation resilience, and the promotion effect is more significant when enterprises are in regions with higher marketization degree. According to the mechanism test, the vertical collaboration of supply chain is an important path for enterprises to promote innovation resilience through strategic radicalism. Based on the conclusions of this study, the government should continue to optimize the business environment, and enterprises can adopt a radical strategy of vertical network chain coordination, especially in areas with a high degree of marketization, to enhance the innovation resilience of enterprises.

Key words: strategic intensity, innovation resilience, network synergy, marketization degree

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