A Research On The Relationship Between CEO Social Capital And Innovation Ambidexterity

At present,China's economy is in a critical stage of transformation and upgrading,and innovation is an important driving force leading the country's economic and social development.Only by firmly grasping the pulse of innovation and coordinating the short-term benefit and long-term competitive advantage,can the enterprise realize the sustainable development under the background of economic transformation.The short-term benefit of an enterprise depends on the improvement and upgrading of existing product lines and the improvement of efficiency,which is closely related to the exploitative innovation.To develop long-term competitive advantage,the innovation flexibility brought by exploratory innovation is needed.Exploitative innovation and exploratory innovation are equally important to the enterprise.In the context of limited internal resources,it is an inevitable choice for enterprises to make full use of external resources and realize reasonable allocation of external resources.CEO social capital as an important part of enterprise external resources,has proved to be crucial to China's enterprise innovation.However,the question of how different CEO social capital can influence different innovation models,namely exploitative innovation and exploratory innovation remains to be answered.While the answer of this question is critical for CEO to develop the most valuable social capital according to enterprises' innovation model.Based on the dynamic capability theory and social capital theory,this study adopts the negative binomial regression method,with China's manufacturing listed companies as the research object and equity concentration as moderator,to explore the relationship between CEO social capital and innovation ambidexterity and the moderation effect of ownership concentration on the relationship.The results show that CEO's political and social capital is negatively correlated with exploratory innovation,and positively correlated with exploitative innovation.There is a positive correlation between CEO's business social capital and exploratory innovation.The concentration of corporate equity plays a negative role in moderating the relationship between CEO's business social capital and binary innovation.The innovation of this study are as follows:The study takes a new perspective of CEO social capital content to explore the relationship between CEO social capital and innovation ambidexterity;This study considers the situational factors of equity concentration and explores its influence on the relationship between CEO social capital and innovation ambidexterity.The limitation of this study are as follows:The sample enterprises belong to a single industry;The impact on innovation from different aspects of CEO's business social capital is not differentiated;The possible interaction between the CEO's business social capital and political social capital is not considered.