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| Inverted U-shaped Relationship between Dual Value Chain Embedding and Innovation Performance: The Mediating Role of Enterprise Digitization and Adjustment of Organizational Resilience |
| Hou Guangwen,Liu Qingqing,Liu Qilei |
| (School of Economics and Management, Xi 'an University of Posts and Telecommunications, Xi'an 710061, China) |
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Abstract Scholars believe that it can effectively promote the growth of enterprises by embedding them in the global value chain (GVC). However, with the trend of anti-globalization thought in some developed countries, more and more enterprises are encountering with difficulties of growth. Developing countries seek to integrate into the global division of labor to achieve continuous economic growth, followed by the suppression and blockade of large international enterprises. The income is plundered by price discrimination from leading enterprises, and thus local enterprises are locked in the low-end link of the value chain because their labor, knowledge and other factors have not been improved. Therefore, it is worthy of research on how to build a dual value chain between GVC and regional-value chain(RVC) with effective coupling, and balance participation in global division of labor and regional development to achieve innovative growth. Based on this, the paper takes the representative enterprises of the digital economy as research objects and focuses on the action mechanism of value chain embedding in innovation from the perspective of digitization. Then it explores the role of enterprise digitization in this path and offers proposals such as building collaborative networks and improving innovation performance for enterprises.#br#The data are mainly derived from a questionnaire. The research group visited and investigated representative enterprises of the digital economy in Xi 'an City, including Shaanxi Blower (Group) Co., Ltd., Xi 'an Samsung Electronics Research Institute, Xi 'an AJU Grain and Oil Industry Group, and Dongling Group Research objects are concentrated in high-tech enterprises in Shaanxi Province, involving aerospace, high-end equipment manufacturing, non-ferrous metal smelting, new energy, new materials, etc.#br#On the basis of 208 valid questionnaires, this study completes the empirical analysis and finds that, firstly, enterprises embedded into the value chain and innovation are not simply linear. It can realize the sudden increase in innovation in the short term by absorbing spillover effects and obtaining innovation resources in the value chain. However, it will inhibit enterprise innovation and even lead to its stagnation by relying only on the value chain in the long term. Secondly, enterprises embed themselves into the value chain to share technology spillovers and knowledge spillovers, gather innovation elements and realize that technology upgrading will induce frequent "free riding" behavior in the long run, resulting in the stagnation of enterprise informatization, digitization and intelligence. Thirdly, the cultivation of an enterprise digital capability system promotes enterprises to identify transformation opportunities, integrate digital resources. And then, it finally realizes the significant compression of risks and costs, so as to enhance the success rate of innovation. Fourthly, enterprise digitization acts as an mediator between value chain embedding and innovation, presenting the mediation mechanism of value chain embedding, enterprise digitization and innovation performance. Fifthly, organizational resilience plays a moderating effect among value chain embedding, enterprise digitization and innovation performance. Enterprises should pay more attention to the cultivation of organizational resilience, learn from risks and identify growth opportunities, so as to promote the improvement of enterprise innovation quality.#br#The study makes the following contribution. First, the existing research on value chain embedding focuses on the discussion of a single embedded value chain. While this study focuses on the impact of enterprises’ embedding into the dual value chain at the global and regional levels on innovation performance from the digital perspective. It not only enriches the innovation path of enterprises in the digital context, but also has guiding significance for enterprises to build a collaborative network to promote the digital process. Second, the three sub-dimensions of digital connection, data integration and intelligent decision-making are incorporated into the enterprise digital capability system, so as to promote enterprises to use digital technology and cultivate digital capability systems in the digital context, identify opportunities and integrate digital resources, and improve the success rate and transformation rate of innovation. In addition, it also discusses the moderating role of organizational resilience in value chain embedding, enterprise digitization and innovation performance. Organizational resilience helps enterprises improve their crisis response abilities, actively participate in the digitization process, and finally improve the quality of enterprise innovation in the complex, dynamic and rapidly changing environment under the impact of digitization.#br#
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Received: 25 November 2021
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