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Abstract Innovation network is an effective platform for companies to obtain external key innovation resources and enhance their competitive advantages. The core corporate ethical leadership style is an important factor affecting the success or failure of cooperative innovation, and it is of great significance to explore its impact mechanism on the cooperative innovation performance. Based on social learning, role recognition, social exchange, social embeddedness, and other theories, this study integrates psychological distance into the models of core corporate ethical leadership and collaborative innovation performance, and uses the stepwise regression analysis to conduct empirical analysis of 381 valid samples. The study found that: moral equity, role definition, and power sharing have a positive effect on relational stable cooperative innovation performance, cooperation-satisfied cooperative innovation performance, and innovative capability-raising cooperative innovation performance respectively; psychological distance has a significant role in regulating the relationship between moral equity, role definition, and cooperative innovation performance, but the regulation of the relationship between power sharing and cooperative innovation performance is not significant. This mechanism of action provides a new path for enhancing cooperative innovation performance, and provides important inspiration for companies and external organizations to carry out cooperative innovation activities.
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