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The Influence of Entrepreneurs' Political Connections on Enterprise Innovation Intention

机译：企业家对企业创新意图的政治联系的影响

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摘要

Based on the data of the Growth Enterprise Market (GEM)-listed companies in the Shenzhen Stock Exchange of China, this paper researched the influence mechanism of political connections on enterprise innovation intention. This paper is based on the theory of reciprocal exchange of social capital. The research found that the entrepreneur's political connections are detrimental to the improvement of enterprise innovation intention, and the differentiation strategy has a mediation effect between them. Moreover, the market competition intensity of enterprise production adjusts the influence of the differentiation strategy on enterprise innovation intention, and it can alleviate the negative influence of the political connection on the innovation intention through the differentiation strategy. Although the country's innovation-driven strategy will provide more innovative resources for enterprises, securing the survival and development of an enterprise is becoming increasingly narrower by relying solely on establishing connections with the government.
机译：基于深圳证券交易所的增长企业市场（GEM）集中公司的数据，本文研究了政治联系对企业创新意图的影响机制。本文基于社会资本互惠交换理论。该研究发现，企业家的政治联系对企业创新意图的改善有害，差异化战略在它们之间进行调解效应。此外，企业生产的市场竞争强度调整了差异化战略对企业创新意图的影响，并可以缓解政治联系通过差异化战略的创新意图的负面影响。虽然该国的创新策略将为企业提供更具创新的资源，但通过仅依靠与政府的联系依赖，确保企业的生存和发展变得越来越窄。

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