Are companies with high absorptive capacity more likely to survive in harsh environments? From the perspective of innovation spillovers

Chi-Ming Ho

Applied Economics Letters, 2024, vol. 31, issue 20, 2228-2232

Abstract: This study examines whether companies with high absorptive capacity are more likely to survive adversity. With the financial component stocks of the S&P 500 taken as the research subjects, the industrial innovation spillover effects of individual stocks were extracted and then put into panel data regression for analysis. The results reveal that, following the outbreak of coronavirus disease (COVID-19), companies with high absorptive capacity rapidly adjusted their organizational strategies to increase their absorption of innovation spillovers, particularly active in absorbing those from the financial technology (Fin-Tech) industry. Policy-wise, the study recommends that the government examine regulatory flexibility during major economic events and encourage industry players to proactively develop endogenous institution innovations.

Date: 2024
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DOI: 10.1080/13504851.2023.2212962

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