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Impact of Innovation Quality on the Growth Performance of Entrepreneurial Enterprises: The Role of Knowledge Capital

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  • Hanfang Chu

    (School of Management, Hebei GEO University, Shijiazhuang 050031, China
    Research Base for Scientific-Technological Innovation and Regional Economic Sustainable Development of Hebei Province, Hebei GEO University, Shijiazhuang 050031, China)

  • Hanxin Wang

    (School of Management, Hebei GEO University, Shijiazhuang 050031, China
    Research Base for Scientific-Technological Innovation and Regional Economic Sustainable Development of Hebei Province, Hebei GEO University, Shijiazhuang 050031, China)

  • Zhaoyun Wang

    (College of Business Administration, Capital University of Economics and Business, Beijing 100070, China)

Abstract

In the context of the continuous growth of the digital economy, the steady and sustainable development and growth of enterprises are increasingly dependent on the quality of innovation and knowledge capital. Based on the resource-based view and from the perspective of knowledge capital, this paper takes the knowledge capital index composed of human resource capital, innovation and R&D capability capital, innovation facility capital and relational capital as the intermediary variable and explores the mechanism of the influence of innovation quality on the growth performance of entrepreneurial enterprises from the enterprise level. Taking computer, communication and other electronic equipment manufacturing enterprises listed on GEM from 2017 to 2021 as the research object, this paper uses hierarchical regression and Bootstrap methods to explore the specific path of the impact of innovation quality on the growth performance of entrepreneurial enterprises and conducts an empirical analysis and robust analysis. This research shows that the innovative quality of entrepreneurial enterprises can significantly promote growth performance, and knowledge capital plays an intermediary role in it. The conclusion of this paper provides theoretical support for this kind of enterprise to improve the quality of innovation and make good use of knowledge capital and provides an empirical basis and reference for their sustainable and stable growth.

Suggested Citation

  • Hanfang Chu & Hanxin Wang & Zhaoyun Wang, 2023. "Impact of Innovation Quality on the Growth Performance of Entrepreneurial Enterprises: The Role of Knowledge Capital," Sustainability, MDPI, vol. 15(10), pages 1-18, May.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:10:p:8207-:d:1149832
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    References listed on IDEAS

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    1. Eunil Park & Sang Jib Kwon, 2018. "Effects of innovation types on firm performance: an empirical approach in South Korean manufacturing industry," International Journal of Business Innovation and Research, Inderscience Enterprises Ltd, vol. 15(2), pages 215-230.
    2. Alex Coad & Rekha Rao, 2010. "Firm growth and R&D expenditure," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(2), pages 127-145.
    3. Burke, Paul F. & Reitzig, Markus, 2007. "Measuring patent assessment quality--Analyzing the degree and kind of (in)consistency in patent offices' decision making," Research Policy, Elsevier, vol. 36(9), pages 1404-1430, November.
    4. Hardeep Chahal & Purnima Bakshi, 2016. "Measurement of Intellectual Capital in the Indian Banking Sector," Vikalpa: The Journal for Decision Makers, , vol. 41(1), pages 61-73, March.
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