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Based on the theory of dynamic capability theory, this study takes 671 listed companies in China’s ICT industry from 2010 to 2021 as a sample to explore the impact mechanism of policy-oriented ambidextrous innovation on sustainable entrepreneurial performance. The study found that exploratory innovation can promote sustainable entrepreneurial performance, but both government subsidy and environmental tax will weaken the relationship between exploratory innovation and sustainable entrepreneurial performance. Exploitative innovation can promote sustainable entrepreneurial performance, but environmental tax will weaken the relationship between exploitative innovation and sustainable entrepreneurial performance. The main contributions of this study include the following. (1) Unlike previous studies that focus on the impact of ambidextrous innovation on corporate financial performance, this study is forward-looking in pointing out the importance of sustainable entrepreneurial performance, and explores the impact of ambidextrous innovation on sustainable entrepreneurial performance. (2) This study proposes a theoretical framework for government policy analysis, arguing that government policy should not only focus on its support policies (government subsidy), but also on regulatory policies (environmental tax). (3) The conclusions of this study have certain reference significance for enterprises to correctly use government policies, construct appropriate ambidextrous innovation strategies, and improve sustainable entrepreneurial performance.
Zhu et al. (Thu,) studied this question.