IDEAS home Printed from https://ideas.repec.org/a/wly/mgtdec/v45y2024i1p4-18.html
   My bibliography  Save this article

External environment uncertainty, key resources acquisition, and corporate technological innovation

Author

Listed:
  • Weifeng Xu
  • Chang Liu

Abstract

This study investigates the impact of external environmental uncertainty on technological innovation from the perspective of key resource acquisition. Using data from A‐share listed companies in Shanghai and Shenzhen stock markets from 2008 to 2019, we empirically test the relationship between external environmental uncertainty faced by firms and technological innovation input and output. Our findings reveal that external environmental uncertainty has a negative impact on the input and output of corporate technological innovation. In addition, key resource acquisition, namely, capital resource acquisition and information resource acquisition, plays a mediating role in this relationship. As an asset for obtaining resources, corporate social capital is a crucial means for firms to obtain external resources. This study further incorporates corporate social capital into the analysis, which shows that corporate social capital plays a positive moderating role in the impact of external environmental uncertainty on corporate technological innovation. Furthermore, research shows that compared with nonhigh‐tech industry firms, the technological innovation of high‐tech industry firms is more sensitive to external environmental uncertainty.

Suggested Citation

  • Weifeng Xu & Chang Liu, 2024. "External environment uncertainty, key resources acquisition, and corporate technological innovation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(1), pages 4-18, January.
    • Handle: RePEc:wly:mgtdec:v:45:y:2024:i:1:p:4-18
    DOI: 10.1002/mde.3979
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/mde.3979
    Download Restriction: no
    File URL: https://libkey.io/10.1002/mde.3979?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:mgtdec:v:45:y:2024:i:1:p:4-18. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/cgi-bin/jhome/7976 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.