The Effect of Proximity on Enterprise Innovation Performance in the Innovation Ecosystem

The establishment and improvement of an innovation ecosystem have become important issues in building an innovative powerhouse. Built on the background of innovation ecosystem, from the perspective of cooperative interaction and dynamics, this study introduces value co-creation and dynamic capabilities, and analyzes how the proximity between enterprises and scientific research organizations and between enterprises affects enterprise innovation performance. The results demonstrate that, on the one hand, the proximity between enterprises and scientific research organizations and between enterprises can directly have an inverted U-shaped effect on enterprise innovation performance. On the other hand, it can indirectly have an inverted U-shaped effect on enterprise innovation performance through the partial mediating effect of value co-creation. Dynamic capabilities play a major role in regulating the relationship between proximity and enterprise innovation performance, as well as value co-creation and enterprise innovation performance. The research results expand the research in the field of innovation ecosystems, reveal the marginal effect of value co-creation on enterprise innovation performance, and help enterprises in the system to clarify how to improve innovation performance through proximity strategies and value co-creation activities with scientific institutions and other enterprises.