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| The Effect of Employee Responsibility on Corporate Innovation Performance from the Perspective of Instrumental Stakeholder Theory |
| WU Fang,ZHANG Yan |
| Jiangxi University of Finance and Economics， Nanchang， China |
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Abstract Based on instrumental stakeholder theory, this study proposes that employee responsibility could affect corporate innovation performance through three channels, including persistent investment, knowledge sharing and innovative climate. We conduct empirical analyses with the data of Chinese A-share listed companies. The results show that the better a firm treats its employees, the higher its innovation performance is. In the meantime, organization innovative climate and environmental dynamism may strengthen that relationship. Compared with state-owned enterprises, the relationship is more significant than in non-state-owned enterprises. Moreover, corporate innovation performance mediates the effect of employee responsibility on corporate financial performance.
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Received: 18 April 2020
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