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The Dynamic Mechanism of Chinese Manufacturing "Hidden Champions" Independent Innovation |
Yang Lili,Li Hua,Jia Xinlong |
(School of Finance and Economics, Jiangsu University, Zhenjiang 212013,China) |
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Abstract Domestic “Hidden Champions” that focus on market niches and master key technologies are important supports for independent innovation of China′s manufacturing industry. Based on the multiple driving forces of enterprises′ technological innovation, the paper explores the dynamic mechanism of 98 domestic Hidden Champions′ independent innovation by using the fuzzy-set Qualitative Comparative Analysis (fsQCA) method. The conclusions are as follows: ①The driving mechanism of domestic Hidden Champions′ Independent?Innovation is divided into three dynamic modes,i.e. internal driving, external driving and collaborative driving, among which the collaborative driving is the most common mode;②Entrepreneurship is an important internal factor driving the independent innovation of local "hidden champions". When the R&D investment intensity is not high or the company not listed, Entrepreneurship can play a role with market monopoly power and favorable regional environment to drive enterprises′ independent innovation;③Among the external driving factors, foreign entry in the sector and market monopoly power play an alternative role in driving enterprises′ innovation in specific contexts.
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Received: 19 July 2020
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