Firm-level perception of competition and innovation: Textual evidence from China

Administrative monopoly regulation and environmental innovation: An analysis based on China's asymmetric market structure

“…This viewpoint finds similar support in the work of Xia and Yao. Their study finds that firms with higher perceived competitive pressure have higher innovation output [ 13 ]. All of these arguments emphasize the potent incentives of “the escape-competition effect” and “the cost-saving effect” as catalysts for innovation, and it is now reasonable to apply them to the correlation between the FCRS and environmental innovation.…”

“…Therefore, an in-depth comprehension of factors that stimulate or inhibit a firm's innovation is crucial to realizing the practical value of environmental innovation. Accumulated empirical evidence has demonstrated that external environmental factors, such as the development of digital economy [ 9 ],market regulation [ 10 , 11 ], industry competition [ 12 ], and the organization's intrinsic attributes, such as market power, financial capabilities, competitive pressures [ 13 ], can exert significant influences on both the willingness and capacity for a firm's innovation. Among these factors, the influence of competition on firms' innovation has drawn substantial attention and garnered a consensus that heightened competition often catalyzes increased innovation.…”

How digital finance impacts listed companies’ green innovation in China: A product market perspective

“…High entrepreneurial vitality will accompany with the increasement of new entrants' threat, thus enhancing the competition in product market. Due to escape competition effect, in order to gain differentiated competitive advantage, companies may increase their innovation activities in high degree of product market competition (Aghion et al, 2020;Xia & Xiao, 2023). As an important innovation activity, green innovation will also give companies other competitive advantages besides cost competition.…”

“…The second competition channel indicates that digital finance helps to lower the threshold for new entrants in the industry and then strengthen market competition. According to the escape competition effect, innovation activities, including green innovation, are an important means for companies to seek differentiated competition (Aghion et al, 2020;Xia & Xiao, 2023). Therefore, this paper intends to provide additional insights for existing literatures by identifying how digital finance affect corporate green innovation from the product market perspective.…”

How Companies Can Gain a Sustainable Competitive Advantage in the New Digital Era? The Case of Romania

“…Xia and Xiao (2023) demonstrated the reverse relationship between innovation and competitiveness, showing based on a case study applied to a sample of Chinese companies listed on the stock exchange, that the innovation capacity of companies is stimulated by their interest in competitive advantage.…”