A review of the research on equity incentive, financing constraint and absorptive capacity

Abstract

: absorptive capacity is an important part of strategic management, which is used to explain various organizational phenomena.Absorptive capacity refers to the ability of an enterprise to identify and analyze external information and knowledge by combining its existing knowledge with research and development efforts, and to use and transform it into its own innovation output.In this paper, the related concepts and literature at home and abroad are reviewed and summarized to further expand the research on absorption capacity.