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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.
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Received: 23 June 2015
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2016, Vol. 13 
