4.7 Article

Offensive corporate strategy and collaborative innovation

Journal

FINANCE RESEARCH LETTERS
Volume 58, Issue -, Pages -

Publisher

ACADEMIC PRESS INC ELSEVIER SCIENCE
DOI: 10.1016/j.frl.2023.104414

Keywords

Offensive firms; Corporate strategy; Collaborative innovation; Innovation capability

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This paper explores the relationship among offensive corporate strategy, innovation capability, and collaborative innovation. The empirical analysis based on Chinese A-share listed companies from 2012 to 2021 provides evidence that offensive strategy has a positive impact on collaborative innovation. The strength of innovation capability also plays a significant role in this relationship, particularly when the innovation capability is relatively weak.
This paper examines the relationship among offensive corporate strategy, innovation capability, and collaborative innovation. By selecting Chinese A-share listed companies from 2012 to 2021 as our sample, we present evidence that corporate strategy has a significant positive impact on corporate collaborative innovation. Firms with an offensive strategy are more inclined to collaborative R&D compared to those with defensive strategies. The strength of innovation capability exhibits significant impact on the above effects. Interestingly, the positive relationship between the two becomes more pronounced when the innovation capability is relatively weak.

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