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| Successful Innovation Experience and Future Innovation |
| Yang Jinyu1,Luo Yonggen2,3,Chen Shiqiang4 |
| (1.Business School of South China University of Technology,Guangzhou 510641,China;2.School of Accounting of Guangdong University of Finance & Economics,Guangzhou 510320,China;3.Institute of Capital Market and Audit Governance Studies for the Great Bay Area (Guangdong,Hong-Kong,Macau),GDUFE，Guangzhou 510320，China；4.Business School of University of Macau,Macau 999078,China） |
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Abstract Integrating organizational learning with dualistic innovation theory of exploration versus exploitation,this study discusses the influence of past success on future innovation.Based on the detailed patent data of Chinese manufacturing listed companies in 2000-2017,the results show that the successful innovation experience in the past is positively related to the number of patents applied for.However,when we divide innovation into exploratory innovation and exploitative innovation,we find that past success has a significant and negative impact on exploratory innovation.The test of indirect influencing factors shows that cooperative R&D among firms can promote the positive relationship between past successful innovation and subsequent innovation; the stronger the path dependence,the greater the promotion to the exploitative innovation,but the greater the obstacles to exploratory innovation from past successful experiences.This paper not only extends the research on enterprise success from a new perspective,but also provides an explanation mechanism for the current paradox of the influence of previous successful experience and subsequent innovation performance.It is also of great practical significance for enterprises to innovate better and maintain their long-term competitive advantage.Meanwhile,this paper also provides important practical significance for enterprises to innovate better and maintain their long-term competitive advantage.
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Received: 06 September 2019
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