Yiyuan Zhang, Jianxin Zhao, Guangjian Zhang, Pengbin Gao

Yiyuan Zhang

31 Oct. 2022

Related technology diversification, Unrelated technology diversification, Financial performance, Innovation performance.

This paper reviewed the literature on technological diversification and enterprise performance, and analyzed the effect of two types of technological diversification on enterprise performance, and put forward the relevant hypotheses on the basis of theoretical analysis. Based on the data collected from CSMAR database and the State Intellectual Property Office of 126 Shanghai and Shenzhen A-share manufacturing enterprises between 2015 and 2019, multiple regression analysis was carried out to test the hypotheses. The results show that related technological diversification has positive effect on financial performance, and unrelated technological diversification has negative effect on financial performance. Furthermore, relevant technology diversification and unrelated technology diversification all have positive relationship with innovation performance.

© 2022, the Authors. Published by ISCCAC

This is an open access article distributed under the CC BY-NC license