Slack resources and growth performance: The mediating roles of product and process innovation capabilities
Slack resources and growth performance: The mediating roles of product and process innovation capabilities
Bao Gongmin(School of Management, Zhejiang University, Hangzhou, People’s Republic of China); Zhang Wen(School of Management, Zhejiang University, Hangzhou, People’s Republic of China); Xiao Zengrui(School of International Education, Zhejiang Sci-Tech University, Hangzhou, People’s Republic of China); Hine Damian(Faculty of Business, Economics and Law, University of Queensland, Brisbane, Australia)
28권 1호, 60~76쪽
초록
Slack resources are essential to organizations’ capacity to strategize and explore new opportunities. However, due to causal ambiguity and temporal separation, there is no consensus about the specific effects on long-term organizational performance, nor the processes by which the effects manifest themselves. Two forms of slack are reported as having an impact on the performance and competitiveness of firms – low-discretion slack and high-discretion slack. This study examines the varied relations between these two forms of slack and long-term performance – growth, by investigating the mediating effects of technical innovation capabilities. A survey was conducted on 217 Chinese firms, with data analysed using structural equation modelling to test the hypotheses. The empirical results show no relation of low-discretion slack, while high-discretion slack has a significant association with growth performance via both product innovation capability and process innovation capability.
Abstract
Slack resources are essential to organizations’ capacity to strategize and explore new opportunities. However, due to causal ambiguity and temporal separation, there is no consensus about the specific effects on long-term organizational performance, nor the processes by which the effects manifest themselves. Two forms of slack are reported as having an impact on the performance and competitiveness of firms – low-discretion slack and high-discretion slack. This study examines the varied relations between these two forms of slack and long-term performance – growth, by investigating the mediating effects of technical innovation capabilities. A survey was conducted on 217 Chinese firms, with data analysed using structural equation modelling to test the hypotheses. The empirical results show no relation of low-discretion slack, while high-discretion slack has a significant association with growth performance via both product innovation capability and process innovation capability.
- 발행기관:
- 기술경영경제학회
- 분류:
- 과학기술학