• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
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HOME > Archive > 2024 > Volume 12 Number 4 (2024) >
JOEBM 2024 Vol.12(4): 348-353
DOI: 10.18178/joebm.2024.12.4.821

Innovation Rhythm and Enterprise Value: Threshold Effect Based on Rhythm and Moderation Effect of Supply Chain

Sun Zheng1 and Xie Wenyu2
1. International Business School, Guangdong University of Finance & Economics, Guangzhou, China
2. School of Economics and Finance, South China University of Technology, Guangzhou, China
Email: sz18607683637@163.com (S.Z.); xiewy0618@163.com (X.W.Y.)
*Corresponding author

Manuscript received August 2, 2024; revised September 5, 2024; accepted September 28, 2024; published October 21, 2024.

Abstract—In recent years, against the backdrop of fluctuations in the international economic situation and rapid technological iteration, innovation has become a key focus for enterprises to maintain competitiveness. However, the management of innovation rhythm is often overlooked, and the impact of innovation rhythm on enterprise value is still rarely explored by scholars. Therefore, the article selects Chinese A-share listed companies from 2019 to 2022 as research samples to conduct in-depth research on the mechanism and path of the impact of innovation rhythm on corporate value. After a series of empirical analyses, the following conclusions were drawn: (1) A stable rhythm of innovation will enhance the value of enterprises; (2) When supply chain coordination is at a high level, the stability of innovation rhythm will enhance its promoting effect on enterprise value; (3) There is a threshold effect between innovation rhythm and enterprise value. Before the threshold, the stability of innovation rhythm will reduce the value of the enterprise, but its negative impact is not significant; After the threshold, the positive impact of innovation rhythm on enterprise value is significant, and the stability of innovation rhythm will significantly promote the growth of enterprise value.

Keywords—innovation rhythm, enterprise value, supply chain coordination, moderation effect, threshold effect

Cite: Sun Zheng and Xie Wenyu, "Innovation Rhythm and Enterprise Value: Threshold Effect Based on Rhythm and Moderation Effect of Supply Chain," Journal of Economics, Business and Management, vol. 12, no. 4, pp. 348-353, 2024.

Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

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