Li Lin, Che Wenjing, Yao Qiangqiang, Cui Yujie
College of Economic and Management, Heilongjiang Bayi Agricultural University, Daqing, China.
Dongbei University of Finance and Economics, Dalian City, Liaoning Province, China.
PLoS One. 2025 Aug 1;20(8):e0328918. doi: 10.1371/journal.pone.0328918. eCollection 2025.
Promoting the high-quality development of strategic emerging enterprises is an inevitable approach to building a strong nation, and innovation serves as the critical engine providing core momentum for such development. From the perspective of complex causal effect analysis, this article selects 176 A-share listed companies in strategic emerging industries from 2012 to 2023 as samples and employs a combination of methods including NCA, multi-period fsQCA, and empirical regression analysis to distill practical pathways for innovation-driven high-quality development in these enterprises. The research findings are summarized as follows: (1) There is no single necessary condition for achieving high-quality development in strategic emerging enterprises; rather, it is the result of the synergistic interaction among technological innovation, talent innovation, and policy innovation. (2) Technological innovation has consistently played a pivotal role across all periods, with R&D investment identified as a key factor driving high-quality development. Other contributing factors also exhibit heterogeneous effects within the configurations of each period. (3) Four distinct configuration paths for high-quality development emerge across the three periods: the technology-dominant type, the "technology and talent" dual-driven type, the "technology and policy" dual-driven type, and the comprehensive innovation type. This study leverages complex causal effect analysis to offer scientific insights to relevant policymakers and enterprise managers, thereby facilitating the high-quality development of strategic emerging enterprises.
推动战略性新兴企业高质量发展是建设强国的必然途径，创新是推动这一发展的核心动力的关键引擎。从复杂因果效应分析的角度出发，本文选取2012年至2023年176家战略性新兴产业A股上市公司作为样本，运用NCA、多期fsQCA和实证回归分析等方法相结合，提炼这些企业创新驱动高质量发展的实践路径。研究结果总结如下：（1）战略性新兴企业实现高质量发展不存在单一必要条件；相反，它是技术创新、人才创新和政策创新协同互动的结果。（2）技术创新在各时期始终发挥着关键作用，研发投入被确定为推动高质量发展的关键因素。其他影响因素在各时期的组态中也表现出异质性效应。（3）三个时期出现了四条不同的高质量发展组态路径：技术主导型、“技术与人才”双驱动型、“技术与政策”双驱动型和全面创新型。本研究利用复杂因果效应分析为相关政策制定者和企业管理者提供科学见解，从而推动战略性新兴企业的高质量发展。
