Organizational Slack’s Impact on Innovation Intensity of Chinese Firms Listed in the U.S. Stock Market and the Moderating Role of International Diversification
Abstract:Using panel data from 67 Chinese firms listed in the U. S. stock market between 2008 and 2013, this study investigates the relationship between absorbed slack, unabsorbed slack and innovation intensity by employing a hierarchical regression method. We also examine the moderating role of international diversification. The results indicate that the effects of absorbed slack and unabsorbed slack on innovation intensity are both significantly positive. However, the impact of absorbed slack on innovation intensity is stronger than the impact of unabsorbed slack on innovation intensity currently. Furthermore, it is found that international diversification moderates the relationship between absorbed slack and innovation intensity negatively. On the contrast, international diversification moderates the relationship between unabsorbed slack and innovation intensity positively.
王娜,衣长军. 中国在美上市公司冗余资源对创新强度的影响和国际多元化程度的调节作用[J]. J4, 2016, 13(3): 440-.
WANG Na,YI Changjun. Organizational Slack’s Impact on Innovation Intensity of Chinese Firms Listed in the U.S. Stock Market and the Moderating Role of International Diversification. J4, 2016, 13(3): 440-.