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| Technological Innovation, Organizational Resilience and High-quality Development of Manufacturing Enterprises |
| Zhang Shaofeng1,Xu Mengsu2,Zhu Yue3,Wang Zeqiang1 |
| (1.Party School of Anhui provincial Committee of C.P.C(Anhui Academy of Governance), Hefei 230022, China;2. School of Economics and Management, Qiqihar University, Qiqihar 161006, China;3. School of Management, Nanjing University, Nanjing 210093, China) |
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Abstract New business models are emerging in the context of the COVID-19 epidemic and the new-generation technological revolution such as artificial intelligence and the digital industry. In contrast, the competitiveness of traditional business models continues to decline. The high-quality development of manufacturing enterprises is facing significant challenges. Accordingly, how to make manufacturing enterprises maintain a strong level of resilience andachieve high-quality development haveattracted the attention of scholars and policy makers. However, as the pillar of the economy, manufacturing enterprises are facing the problems of overcapacity, lack of innovation and being divorced from reality and are at the bottom of the “smile curve”, which seriously hinders the innovative behavior and high-quality development of manufacturing enterprises. At the same time, the resource-based view believes that enterprise resources can be integrated and transformed into competitive advantages through improving innovation capability and enterprises' resource utilization level. Therefore, the reasonable allocation of resources is vital for the high-quality development and technological progress of manufacturing enterprises.#br#According to the dynamic capability theory, organizational resilience is the dynamic ability required by enterprises to integrate, establish and reconfigure internal and external competencies to adapt to the changing environment. Scholars at home and abroad believe that organizational resilience significantly enhances organizational performance and digital capabilities. Digital innovation is the pivot in innovation-driven strategy. However, it is difficult for a large number of transformations to produce the desired results in a short time due to complex practical problems such as lack of experience and the high cost of transformation. Whether digital transformation is conducive to the healthy development of manufacturing enterprises is also a topic that scholars have been discussing about. Therefore, this study aims to clarify the path in which technological innovation affects the high-quality development of manufacturing enterprises by analyzing the mediating role of organizational resilience and the moderating role of digital transformation.In addition, this study also discusses whether the improvement of resource allocation affects the relationship between technological innovation and the development of manufacturing enterprises.#br#This study collects the panel data of manufacturing firms from 2010 to 2021, with a total of 5 280 samples. The analysis of mediating effect, moderating effect and regression models are made to test the research hypotheses. The results show that technological innovation significantly contributes to the high-quality development of manufacturing enterprises and can significantly improve enterprises organizational resilience. Organizational resilience plays a partially mediating role in the relationship between technological innovation and the high-quality development of enterprises.The improvement of resource allocation positively moderates the relationship between technological innovation and high-quality development of enterprises, and digital transformation of enterprise positively moderates the relationship between technological innovation and organizational resilience.#br#In terms of theoretical contributions, this study first extends the application of dynamic capability theory and examines the antecedent variables of organizational resilience. It clarifies the possible mechanism of the formation of organizational resilience, and takes organizational resilience as a mediating variable between technological innovation and the high-quality development of manufacturing enterprises, providing a new perspective for the research on the relationship between technological innovation and the high-quality development of manufacturing enterprises. Second, this study focuses on manufacturing enterprises,and provides incremental evidence for the empirical analysis of technological innovation to promote the high-quality development of manufacturing enterprises. Finally,the improvement of resource allocation and digital transformation are incorporated into the research framework to explore the boundary conditions of resource allocation and digital transformation for the improvement of high-quality development and resilience of enterprises, and then countermeasures and references are provided for manufacturing enterprises to reasonably allocate resources and promote high-quality development of manufacturing enterprises.#br#
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Received: 25 July 2022
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