The Impact of Membership in Non-Local Chambers of Commerce on Corporate Innovation:The Dual Role of Business Culture and Social Networks  

作　　者：YAN Ruosen ZHOU Ran ZHANG Jinhao 

机构地区：[1]Economics and Management School,Wuhan University,Wuhan 430072,China

出　　处：《Frontiers of Business Research in China》2024年第1期23-41,共19页中国高等学校学术文摘·工商管理研究（英文版）

基　　金：supported by the Major Project funded by the National Social Science Fund of China(No.22AGL015).

摘　　要：Using a sample of A-share listed companies from the Shanghai and Shenzhen Stock Exchanges from 2010 to 2020,this study examines the impact of membership in non-local chambers of commerce(NLCCs)on corporate innovation,considering the dual attributes of business culture and social networks associated with these chambers.The research finds that joining a NLCC significantly promotes corporate innovation.Agency costs play a partial mediating role between membership in NLCCs and corporate innovation,with a chain mediation path of“NLCC-social capital-agency costs-corporate innovation.”Further analysis reveals that the more NLCCs there are in a company’s location,the greater the positive impact of joining one on corporate innovation.The promotion effect of joining a NLCC on corporate innovation is stronger for state-owned enterprises(SOEs)compared to non-state-owned enterprises(non-SOEs).In addition,membership in NLCCs fosters both invention and non-invention innovation.

关 键 词：non-local chamber of commerce(NLCC) corporate innovation business culture social networks agency costs social capital 

分 类 号：F270[经济管理—企业管理]