Intangible resources and firms' innovation performance: empirical evidence from Chinese firms

Xiuyuan Fang, Marshall S. Jiang and Yugang Li

European Journal of Innovation Management, 2021, vol. 26, issue 2, 347-363

Abstract: Purpose - Intangible resources (IRs) play an important role in enterprise innovation; previous studies find inconsistent results (positive and negative). The authors develop and test a framework to analyze IRs to see whether and how to impact firm innovation performance to reconcile the conflicting results. Design/methodology/approach - This study empirically examined the curvilinear effect of IRs and innovation performance (IP) based on data from the Annual Census of Chinese Industrial Enterprises. The moderating effect of institutional development (ID) and state ownership (SO) in the relationship between firms' IRs and IP was also examined. Findings - It was found that there is aU-shaped relationship between IRs and IP. Moreover, the institutional development weakens theU-shaped relationship. Originality/value - TheU-shaped relationship explains the inconsistent results in previous studies. It offers some important implications for managers and policymakers, who must understand the role of IRs.

Keywords: Intangible resources; Institutional development; State ownership; Innovation performance (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ejimpp:ejim-04-2021-0197

DOI: 10.1108/EJIM-04-2021-0197

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