An Analysis of the Influential Factors of Corporate Innovation in Chinese Listed Companies

Abstract

Enterprise innovation, as an important part of enterprise development, has now become one of the popular research objects. Under this background, this paper analyses the influence of external factors and internal factors on corporate innovation, and it takes into account the fact that external and internal factors can both promote and inhibit the development of innovation in firms. Based on the analysis of relevant literature on innovation influencing factors of Chinese listed companies, firstly, the external and internal factors affecting corporate innovation are sorted out and summarized respectively. Secondly, the factors or mechanisms by which Chinese listed companies should negatively affect corporate innovation are pointed out. And finally, it is shown that it is a future research trend to improve enterprise-related policies to alleviate or offset the inhibiting effect on corporate innovation. This study is conducive to promoting the continuous innovation of enterprises, promoting the stable development of the level of economic development of enterprises, and provides scholars with a clear classification and ideas in terms of enterprise innovation factors.