Research on the Influence of Technological Innovation Enthusiasm on Innovation Performance from the Perspective of Nonlinearity—Empirical Evidence from Chinese Listed Firms

Taking Chinese listed companies from 2010 to 2019 as research samples, in this paper, the authors empirically analyze impact of technological innovation enthusiasm on performance a nonlinear perspective. The finds that an inverted, U-shaped relationship exists between and performance, is, certain extent, improvement for can improve companies. However, when reaches degree, declines with enthusiasm. In addition, moderating effect CEO succession is investigated perspective corporate governance, conclusions show strengthens performance. This study further enriches theoretical framework relevant provide reference China.