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Research on R&D Performance of Social Innovation-Oriented Enterprises (SIOE) : where are the Differences in Dual Performance |
Sheng Ya1,Lu Xiaowei1,Li Chunyou2 |
(1.School of Business Administration,Zhejiang Gongshang University;2.Hangzhou College of Commerce,Zhejiang Gongshang University, Hangzhou 310018,China) |
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Abstract More and more enterprises begin to regard social innovation, which aims to solve social problems by commercial means, as a new opportunity for the innovative development of enterprises, however, how to deal with the relationship between economic performance and social performance in R&D is a dilemma. In this paper, the impact of SIOE investment on the relationship between social performance and economic performance is studied, and the 2012-2017 data of listed companies whose main businesses are social innovation-oriented in eastern and western China are taken as samples for hypothesis testing, and its internal mechanism is discussed in detail. The results show that SIOE investment has an immediate and sustained significant effect on economic performance, and a lagging effect on social performance, with a lag period of 1; based on the different economic development and institutional policy, the study found that only SIOE investment of the eastern region and central region confirmed role in promoting development of economic performance, but in the western region SIOE investment has a hysteresis effect on social performance. Moreover, the above differences are also related to the age of enterprises and the growth of enterprises: the balance of economic performance and social performance of R&D in SIOE is not only different from region to region, but also related to the reference time point
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Received: 13 January 2020
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