Equity investment, knowledge exploitation, and innovation performance for joint ventures

IF 3.4 3区管理学 Q2 MANAGEMENT European Management Review Pub Date : 2023-09-27 DOI:10.1111/emre.12610

Jun‐You Lin

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Abstract

Abstract How is joint ventures' (JVs) innovation performance affected by their parent companies' equity investment and their exploitation of their parent firms' knowledge? We investigate 183 JV cases and examine the main effect of equity investment as well as the moderating effect of ambidexterity imbalance on the relationship between JVs' knowledge exploitation and exploration of their innovation performance. We utilize proprietary Securities Data Corporation (SDC) JV data combined with the National Bureau of Economic Research's (NBER) patent dataset to develop a mediated moderation model. The model indicates that equity investment is positively related to knowledge exploitation, which in turn has a positive effect on JVs' innovation; in addition, these relationships vary alongside ambidexterity imbalance. Our findings confirm the mediating role played by knowledge exploitation in JVs' innovative activities and highlight the tradeoff between organizational ambidexterity balance and knowledge exploitation as well as its influence on JVs' innovation performance. This research illuminates the foundations of JV innovation. Managerial implications are also discussed.

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股权投资、知识开发与合资企业创新绩效

摘要合资企业的创新绩效如何受到母公司股权投资和母公司知识开发的影响?本文以183家合资企业为研究对象，考察了股权投资对合资企业知识开发与创新绩效之间关系的主要影响以及二元性失衡的调节作用。我们利用证券数据公司(SDC)合资企业的专有数据，结合美国国家经济研究局(NBER)的专利数据集，建立了一个中介调节模型。模型表明，股权投资与知识开发正相关，知识开发对合资企业创新有正向影响;此外，这些关系随着双灵巧性失衡而变化。研究结果证实了知识开发在合资企业创新活动中的中介作用，强调了组织双元性平衡与知识开发之间的权衡关系及其对合资企业创新绩效的影响。本研究阐明了合资企业创新的基础。还讨论了管理影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Management Review MANAGEMENT-

CiteScore

7.20

自引率

13.50%

发文量

期刊介绍： The European Management Review is an international journal dedicated to advancing the understanding of management in private and public sector organizations through empirical investigation and theoretical analysis. The European Management Review provides an international forum for dialogue between researchers, thereby improving the understanding of the nature of management in different settings and promoting the transfer of research results to management practice. Although one of the European Management Review"s aims is to foster the general advancement of management scholarship among European scholars and/or those academics interested in European management issues.