关键词: 政治关联, 创新绩效, 研发投资, 高阶理论, 资源基础观, political connection, technological innovation performance, R&D investment, upper echelons theory, resource-based view

Abstract: This article aims to address the question extant studies has neglected，that is :whether political connection can influence firm technological innovation performance through the enterprise’s internal resource allocation in transition economy？Drawing on the upper echelons theory (UET) and resource-based view (RBV), the article examines the effect of political connection on firm technological innovation performance and explains the mechanism behind. Based on a database covering 158 listed firms in Chinese entrepreneurial stock market during 2009～2011 periods ,the empirical results of this study show that political connection has negative effect on firm technological innovation performance through the mediating role of R&D investment. The logic behind lies in that: political connection has significant negative correlation with R&D investment intensity, while R&D investment intensity has significant positive correlation with technological innovation performance. The implications for upper echelons theory (UET) and resource-based view (RBV)，and the magerial implications ,are discussed.