Next Article in Journal
Understanding Consumers’ Convenience Orientation. An Exploratory Study of Fresh-Cut Fruit in Italy
Next Article in Special Issue
The Impact of Stable Customer Relationships on Enterprises’ Technological Innovation Based on the Mediating Effect of the Competitive Advantage of Enterprises
Previous Article in Journal
Towards a Sustainable Life: Smart and Green Design in Buildings and Community
Article

The Impact of Corporate Strategy on Enterprise Innovation Based on the Mediating Effect of Corporate Risk-Taking

by 1,*, 1 and 1,2
1
School of Economics and Management, Beijing Jiaotong University, Beijng 100044, China
2
School of Economics and Management, East China Jiaotong University, Nanchang 330013, China
*
Author to whom correspondence should be addressed.
Academic Editors: Samuel Adomako and Albert Danso
Sustainability 2021, 13(3), 1023; https://doi.org/10.3390/su13031023
Received: 23 December 2020 / Revised: 14 January 2021 / Accepted: 19 January 2021 / Published: 20 January 2021
Corporate strategy and enterprise innovation are highly relevant to corporate sustainability. Although previous studies on corporate strategy and enterprise innovation have yielded many results, a consensus regarding the relationship between the two is still lacking. The purpose of this study was to empirically analyze the impact of corporate strategy on corporate innovation performance and analyze corporate risk-taking as a potential factor mediating such. Based on data for listed Chinese A-share manufacturing companies for 2008 to 2018, this empirical study found that corporate strategy and corporate innovation show an inverted U-shaped relationship. Corporate risk-taking plays a mediating effect between corporate strategy and corporate innovation performance. This study expands the knowledge on situational variables and the mechanism by which corporate strategy might impact enterprise innovation and can enlighten managers to promote the sustainable development of manufacturing enterprises. View Full-Text
Keywords: corporate risk-taking; enterprise innovation; corporate strategy; mediating effect corporate risk-taking; enterprise innovation; corporate strategy; mediating effect
MDPI and ACS Style

Li, R.; Cui, Y.; Zheng, Y. The Impact of Corporate Strategy on Enterprise Innovation Based on the Mediating Effect of Corporate Risk-Taking. Sustainability 2021, 13, 1023. https://doi.org/10.3390/su13031023

AMA Style

Li R, Cui Y, Zheng Y. The Impact of Corporate Strategy on Enterprise Innovation Based on the Mediating Effect of Corporate Risk-Taking. Sustainability. 2021; 13(3):1023. https://doi.org/10.3390/su13031023

Chicago/Turabian Style

Li, Rui, Yongmei Cui, and Yajun Zheng. 2021. "The Impact of Corporate Strategy on Enterprise Innovation Based on the Mediating Effect of Corporate Risk-Taking" Sustainability 13, no. 3: 1023. https://doi.org/10.3390/su13031023

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop