Influence Mechanism of Multidimensional Structure of External Knowledge Search on Firm Performance: Based on Chinese Manu-facturing

Abstract

In the context of open innovation, the diversification of external innovation resources makes more and more enterprises choose to obtain new knowledge from the outside and search for external knowledge, so as to achieve the purpose of enterprise innovation and development, improve quality and increase efficiency. This paper discusses the different influences of the multidimensional spatial structure of external knowledge search on corporate financial performance and innovation performance. Through the empirical analysis of the knowledge search data of 2053 Chinese manufacturing listed companies, it is found that different external knowledge search structures have different effects on corporate performance. Compared with the three-dimensional development search structure, exploratory search in any dimension is not conducive to the improvement of corporate financial performance and innovation performance.

Keywords

• knowledge acquisition
• patents and inventions
• economic efficiency