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| The Function Mechanism and Function Features of Businesses Innovation Speed Under the Innovation-Driven Development Context |
| Liu Jun1,Zhang Lei1,Chen xue2 |
| （1. School of Management, Guizhou University of Finance and Economic, Guiyang 550025, China；2.Guizhou Province Tobacco Companies Bijie Company, Bijie 551700, China） |
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Abstract In the context of innovation-driven, innovation has become a consensus of society, and speed of businesses innovation is also a concern. This paper first analyzes the mechanism of businesses innovation through the mechanism of micro overlay mechanism and macro action mechanism. Then, this paper uses the panel threshold regression model to study the characteristics of businesses innovation speed. Empirical research shows that: the innovation speed of high technology businesses has a positive effect on the innovation results, for the innovation speed. It would not be the sooner the better, the innovation speed and innovation results in the inverted U curve relationship. The innovation speed has threshold effect, the faster the innovation speed is, the greater the elasticity coefficient of innovation results. Innovation speed has threshold effect of innovation results, the greater the innovation results are, the higher the elasticity coefficient of innovation speed.
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Received: 23 April 2019
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