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| Institutional Environment，Open Innovation and Transformation of Resource-based Enterprises |
| Wang Fengzheng,Liu Yujia,Sun Yue |
| (School of Economics & Management，Inner Mongolia University，Huhhot 010021,China) |
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Abstract The innovation driving transformation of resource-based enterprises is imperative under double constraints of overcapacity and weak foundation.Whether or not resource-based enterprises intend to achieve transformation through open innovation depends largely on the external institutional environment.The paper uses 2012-2016 Shenzhen and Shanghai A-share listed resource-based enterprises as the sample to examine the direct impact of the institutional environment and open innovation on the transformation of resource-based companies and their interactions.The empirical regression results by Stata13.1 show that both institutional environment and open innovation promote the industrial transformation of resource-based enterprises, but the impact of transboundary boundary transformation is not significant; The interaction of institutional environment and open innovation can promote the industrial transformation of resource-based enterprises, but the impact of transboundary transformation is not significant.The conclusions show that establishing a sound institutional environment plays an important role in promoting strengthening the open innovation of resource-based enterprises and achieving successful transformation.
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Received: 15 May 2019
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