Organizational R&D Investment Leap and Organizational Performance:the Moderating Effects of Marketization
Jia Huiying1, Wang Zongjun1, Cao Zuyi2
1.School of Management,Huazhong University of Science and Technology,Wuhan 430074,China; 2.College of Economics& Management,Huazhong Agricultural University,Wuhan 430070,China
Abstract：How does organizational overall R&D investment leap(namely,R&D investment increasing or decreasing substantially and unexpectedly)affect organizational performance? Although scholars have carried out a series of studies on this issue,most of them were based on the highly market-oriented institutional background,ignoring the marketization's influence of emerging markets.In order to address this gap,in this article we investigate the moderation effects of marketization on the relationship between the R&D investment leap and the organizational performance in the distinct institutional environment during China's economic transition.Empirical results show that in the region with a low level of overall marketization,the organizational R&D leap is conductive to the organizational performance negatively,while in a region with a high level of overall marketization,the organizational R&D leap impacts the performance positively as a contrast.Furthermore,it also turns out that different dimensions of the marketization have different influences.Of the five dimensions of marketization,when the government and the market relationship,the development of the production elements’ market,as well as the development of market intermediary and the legal environment are high respectively,the R&D investment leap has a positive impact on organizational performance,otherwise it will have a negative impact;However,neither the moderating effect of development of the non-state-owned economy nor that of the development of product market is significant.
2018, 
