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The Influence of Military Enterprise Competition Strategy on Technological Innovation |
Wu Shaohua,Qin Chang |
(Department of Defense Economics,Army Service Academy,Chongqing 401311,China) |
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Abstract The technological innovation capability of military enterprises not only affects the development of the national economy, but also the security strength of national defense.This paper takes the data of 80 listed military enterprises in 2013-2017 as a sample to test the impact of military enterprises' competitive strategy on technological innovation and the role of equity incentives.The research results show that the differentiation strategy and the cost leadership strategy have a direct positive impact on technological innovation, the differentiation strategy has a more effective impact, and the equity incentives have a stronger intermediary role in the impact of the differentiation strategy on technological innovation.
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Received: 08 January 2020
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