Configuration Analysis of High-quality Development of Large Enterprises Driven by R&D
With the purpose of R&D investment driving the high-quality development of large enterprises,this paper selects 2038 large manufacturing enterprises listed in Shanghai and Shenzhen stock markets in 2022 as samples,and uses the method of fuzzy set qualitative comparative analysis(fsQCA)to analyze the condition configuration of R&D investment and high-quality development of large enterprises with the financial support and ESG performance of enterprises.Through the induction and summary of fsQCA,it is found that there are four configuration modes that lead to the high-quality development of large enterprises:R&D personnel-oriented mode,utiliza-tion-oriented innovation mode,combination mode of R&D personnel and utilization-oriented innovation,and combination mode of R&D personnel and dual innovation;the main paths leading to non-high quality development are the following two modes:insufficient motiva-tion of independent innovation and insufficient ESG performance.Therefore,with effective financial support and good ESG performance,high-intensity R&D personnel investment and dual innovation investment will contribute to the high-quality development of large manu-facturing enterprises;conversely,low ESG performance or insufficient motivation for independent innovation will inhibit the high-quality development of enterprises.Finally,some suggestions are put forward for large enterprises to promote high-quality development.
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