›› 2019, Vol. 31 ›› Issue (9): 193-206.

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The Relationship among Institutional Environment, Business Model and Innovation Performance——Based on the Simulation Analysis of System Dynamics

Guo Tao1,2, Ding Xiaozhou1, Ren Xuejiao3   

  1. 1. School of Economics and Management, Harbin Engineering University, Harbin 150001;
    2. Heilongjiang Regional Innovation Driven Development Research Center, Harbin Engineering University, Harbin 150001;
    3. Faculty of Logistics, Guangdong Mechanical & Electrical College of Technology, Guangzhou 510540
  • Received:2018-09-03 Online:2019-09-28 Published:2019-09-29

Abstract:

In order to explore the effect mechanism of how the institutional environment impact on the innovation performance deeply, based on the theory of new institutionalism and business model, the paper constructs the system dynamics model about the institutional environment, business model and innovation performance. Based on this, the paper conducts the simulation analysis and sensitivity analysis of the system dynamics model through the Vensim PLE software. The study finds that formal and informal institutional environments can influence innovation performance through business model, but the influence effect and action path are different. When the main influencing factors in the business model elements change, with the increasing of the parameter values of each influencing factor, the market positioning, business process and profit model of the business model in different institutional environments will increase or decrease and the variation range will vary. The research results provide theoretical suggestions for enterprises to select appropriate business model in different institutional environments to improve their innovation performance.

Key words: institutional environment, business model, innovation performance, system dynamics