Research Article
Research on the Relationship between Innovation Capability and Corporate Performance: The Moderating Effect of Value Cognition Complexity and R&D Leap
@INPROCEEDINGS{10.4108/eai.6-1-2023.2330274, author={Litian Chen and Xinran Chang and Junhong Zhong and Yufeng Wang}, title={Research on the Relationship between Innovation Capability and Corporate Performance: The Moderating Effect of Value Cognition Complexity and R\&D Leap}, proceedings={Proceedings of the 2nd International Conference on Big Data Economy and Digital Management, BDEDM 2023, January 6-8, 2023, Changsha, China}, publisher={EAI}, proceedings_a={BDEDM}, year={2023}, month={6}, keywords={innovation capability value cognition r\&d leap}, doi={10.4108/eai.6-1-2023.2330274} }- Litian Chen
Xinran Chang
Junhong Zhong
Yufeng Wang
Year: 2023
Research on the Relationship between Innovation Capability and Corporate Performance: The Moderating Effect of Value Cognition Complexity and R&D Leap
BDEDM
EAI
DOI: 10.4108/eai.6-1-2023.2330274
Abstract
Based on the theories of value cognition and punctuated equilibrium, this paper takes the panel data of 73 listed companies of AI concept stocks in China from 2011 to 2021 as samples. It analyses and tests the impact of innovation capability on corporate performance, the moderating effect of value cognition complexity during this process, and the activating effect of R&D leap on such effect. The research shows that corporate innovation capability of makes a positive impact on corporate performance; value cognition complexity negatively regulates the positive relationship between innovation capability and corporate performance and the relationship between innovation capability and corporate performance is jointly regulated by the R&D leap and value cognition complexity. This research is of important theoretical and practical significance for exploring the improvement in corporate innovation capability and the remodelling of the cognitive framework.