Business Model Innovation and Latecomer Catch-up in Manufacturing Enterprises:A Perspective based on Differences in Technological Accumulation
Business model innovation is a crucial strategy for latecomer enterprises to achieve rapid catch-up in a short period.Ho-wever,the boundary conditions and mechanisms linking business model innovation and latecomer catch-up remain underexplored.This study based on data from listed manufacturing enterprises between 2012 and 2022,investigates the impact of business model innovation on latecomer catch-up from both theoretical and empirical perspectives.The findings are as follows:Business model innovation has a po-sitive and significant impact on firms'market and technological catch-up performance,with results remaining robust after applying instr-umental variable methods,variable replacement and other robustness tests.The moderating effect analysis reveals that technology accum-ulation positively moderates the impact of business model innovation on technological catch-up performance but negatively moderates its impact on market catch-up performance.
Business model innovationTechnological accumulationTechnological catch-upMarket catch-up
NETL
NSTL
万方数据
