热烈祝贺阳民博士生丽媛发表SSCI一区论文“企业家地缘关系、学缘关系与企业创新影响机理研究”

A Study of the Influence of Entrepreneurs' Geographic and Academic Relationships on Corporate Innovation

Fairtown Zhou Ayoungman, Zhengzhou University, China

Liyuan Pang, Zhengzhou University, China

Yingjing Chu, Zhengzhou University, China

This article published as an Open Access article distributed under the terms of the Creative Commons Attribution License (CC-BY) (https://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and production in any medium, provided the author of the original work and original publication source are properly credited.

【Abstract】Corporate innovation is the driver and wellspring of business operation and development. Thus, how entrepreneurs can enhance the innovation capabilities of their enterprises is an important topic in corporate development. Taking A-shares companies listed on the Shenzhen and Shanghai stock exchanges as its sample, this paper investigated the influence of entrepreneurs' geographic and academic relationships on corporate innovation. This study found that after controlling for other influencing factors, entrepreneurs' geographic and academic relationships have a significant positive effect on corporate innovation. When entrepreneurs have strong ability endowment, the positive effect of their geographic and academic relationships on corporate innovation is especially sizeable. In addition, the more prestigious the entrepreneurs’ university education is, the stronger the promoting effect of their academic relationships on corporate innovation.

Keywords: Academic Relationship, Corporate Innovation, Geographic Relationship, Relational Capital

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Conclusion

Taking A-share companies listed on the Shanghai and Shenzhen stock exchanges during the period 2012-2018 as a research sample, in this study the authors investigated the influence of entrepreneurs’ geographic and academic relationships on corporate innovation. The results indicated that, after controlling for other influencing factors, entrepreneurs’ geographic relationships had a significant positive effect on corporate innovation. Furthermore, entrepreneurs with a strong ability endowment exerted an especially strong positive effect on corporate innovation through their geographic and academic relationships. This finding indicated that the information and other social capital accumulated by entrepreneurs in their native place can help their enterprises obtain the unique resources needed for innovation. Moreover, the greater an entrepreneur’s ability endowment, the more able they are to transform these resources into the drivers of corporate innovation, which will boost their enterprise’s innovation ability. Entrepreneurs’ academic relationships also had a significant positive effect on corporate innovation, such that the stronger an entrepreneur’s ability endowment, the greater the promoting effect their academic relationships had on corporate innovation. This finding suggested that entrepreneurs may take advantage of their accumulated professional knowledge and their universities’ research platforms to enhance their enterprises’ innovation capabilities. Entrepreneurs with a strong ability endowment can help their enterprises derive maximal benefit from research resources of this type and can better transform R&D results into a competitive advantage. The higher the prestige level of the college from which an entrepreneur graduated, the greater the promoting effect of the entrepreneur’s academic relationships on corporate innovation. This result implied that the higher the prestige level of an entrepreneur’s university, the greater the likelihood that the entrepreneur can obtain research platforms and support; furthermore, attending a high-level university will also facilitate industry-academic collaboration. Further investigation also revealed that, when an enterprise faces an unfavorable external environment, entrepreneurs can rely on the relational capital they have accumulated through their geographic and academic relationships to exert an even greater positive influence on corporate innovation. This finding implied that the informal institutional systems entrepreneurs establish through their social networks can compensate for the inadequacies of formal institutional systems and facilitate better corporate development.

Management Insights

The following insights can be gleaned from the research the authors presented in this paper. First, entrepreneurs should make full use of their geographic and academic relationships to obtain the resources needed for corporate innovation. This action will enable them to enhance their enterprises’ innovation ability and help improve core competitiveness. Second, entrepreneurs’ ability endowment and qualities will affect their corporate innovation decisions. Consequently, when selecting a management team, considering aspects such as entrepreneurs’ academic attainment, professional background, and work experience will enhance team quality and provide the talent needed to support corporate innovation. Furthermore, when seeking employment or launching a startup, entrepreneurs should consider locating in their native place or where they attended college and making the maximal use of the social networks and knowledge resources they can obtain in these places. Moreover, while making the best use of their own talents, entrepreneurs should also seek to boost their negotiating power in the labor market, which they can use to increase their professional experience. In the case of government, to provide a favorable external market environment that facilitates enterprises’ development, local governments should place greater emphasis on improving the external environment. If governments can create an effective competition environment, enterprises will strive to adapt to that environment, adjust their innovation strategies in accordance with external market conditions, and carefully nurture their competitive advantages.

Research Limitations and Prospects

Although the authors conducted an in-depth study on the impact of entrepreneur relationship capital on enterprise innovation, this paper still has the following limitations. First, although the authors studied the impact of entrepreneur relationship capital on enterprise innovation from the perspective of entrepreneurs’ geographical relationship and academic relationship, entrepreneur relationship capital is not limited to this, but may also include entrepreneur blood relationship and business relationship, for example, future research can explore the impact of entrepreneur blood relationship and business relationship and other relationship capital on enterprise innovation. Secondly, in this paper the authors only discussed the impact of entrepreneur relationship capital on enterprise innovation from the perspective of innovation input; thus, future research can analyze the impact of entrepreneur relationship capital on enterprise innovation from the perspective of innovation output. Finally, in this research the authors used second-hand data to measure entrepreneurs’ geographical relationship and academic relationship; thus, in the future, first-hand data can be obtained by a questionnaire survey and interviews, for example, to measure entrepreneurs’ relationship capital.

【说明】本文研究了企业创新作为企业经营与发展的动力和源泉，以及企业家如何提升企业创新能力对于企业发展具有重要意义。本文以2012-2018年沪深A股上市的企业为研究样本，研究了企业家地缘关系、学缘关系对企业创新的影响。研究发现，在控制其他影响因素的条件下，企业家地缘关系、学缘关系对企业创新具有显著的正向影响，且当企业家能力禀赋比较强时，企业家地缘关系、学缘关系对企业创新的正向影响更强；且企业家毕业院校水平越高，企业家学缘关系对企业创新的促进作用越强。进一步研究发现，当企业面临的外部环境较差时，企业家依托地缘关系和学缘关系所积累的关系资本对企业创新的正向影响更强。本文全面深入探讨了企业家能力对企业创新的影响，对当前企业如何提高创新能力，培育核心竞争力提供了经验证据与管理启示。当然，企业家的地缘关系与学缘关系是整个阳民制度资本的组成部分之一，阳民团队已有10多篇论文进行了研究（还有一些学位论文如晓姣、亚莉、乾坤等），在此领域还可以继续深度研究，欢迎与阳民博士生团队及阳民本人合作开展更加深入的研究【[e-mail]】！尤其是制度资本的更广泛角度以及制度资本的影响机理和路径研究，是未来研究的热点和重点。

DOI：10.4018/JOEUC.315289

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[1]Fairtown Zhou Ayoungman， Liyuan Pang, and Yingjing Chu,2022. "A Study of the Influence of Entrepreneurs' Geographic and Academic Relationships on Corporate Innovation," Journal of Organizational and End User Computing (JOEUC) 34, no.1: 1-20. http://doi.org/10.4018/JOEUC.315289.

[2]Fairtown Zhou Ayoungman， Liyuan Pang, and Yingjing Chu. "A Study of the Influence of Entrepreneurs' Geographic and Academic Relationships on Corporate Innovation." JOEUC vol.34, no.1 2022: pp.1-20. http://doi.org/10.4018/JOEUC.315289.

[3]Fairtown Zhou Ayoungman， Liyuan Pang, and Yingjing Chu (2022). A Study of the Influence of Entrepreneurs' Geographic and Academic Relationships on Corporate Innovation. Journal of Organizational and End User Computing (JOEUC), 34(1), 1-20. http://doi.org/10.4018/JOEUC.315289.