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Breakthrough technological innovation, market competition, and corporate competitive advantage

Author

Listed:
  • Wang, Hongqi
  • Zhang, Linfeng
  • Xu, Dandan

Abstract

Using data from Chinese publicly listed companies from 2012 to 2022, this study examines the relationship among breakthrough technological innovation, market competition, and corporate competitive advantage. Findings suggest that breakthrough technological innovation and market competition enhance corporate competitive advantage. Furthermore, market competition plays a mediating role in the relationship between groundbreaking technological innovation and firms’ competitive advantage, displaying heterogeneity between state-owned and private enterprises. Market competition exerts a threshold effect on firms’ competitive advantage.

Suggested Citation

  • Wang, Hongqi & Zhang, Linfeng & Xu, Dandan, 2025. "Breakthrough technological innovation, market competition, and corporate competitive advantage," Finance Research Letters, Elsevier, vol. 76(C).
    • Handle: RePEc:eee:finlet:v:76:y:2025:i:c:s1544612325002946
    DOI: 10.1016/j.frl.2025.107030
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