This study aims to examine the impact of collaborative innovation network embeddedness on enterprise value co-creation. It further tests the mediating role of technological resource absorption capacity and the moderating effects of independent director network centrality and enterprise agile responsiveness.
Based on China’s new energy vehicle industry patent data from 2010 to 2023, this study empirically tests the research hypotheses through social network analysis and fixed-effects models.
Collaborative innovation network relational embeddedness and structural embeddedness exert a significant positive effect on enterprise value co-creation. Technological resource absorption capacity mediates the relationship among relational embeddedness, structural embeddedness and enterprise value co-creation. The independent director network centrality and agile responsiveness, respectively, positively moderate the relationship between collaborative innovation network relational embeddedness, structural embeddedness and enterprise value co-creation.
This study not only enriches theoretical research on the relationship between the collaborative innovation network embeddedness and enterprise value co-creation but also provides important practical insights for enterprises to enhance value co-creation effectiveness by optimizing innovation network resources.
