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The aim of this study was to provide guidance for latecomers to make the choice of catching-up paths under the unique technological situation in China. This study clarifies the specific situation of the effectiveness of catching-up paths and investigates how the three catching-up paths affect the latecomers’ catching-up performance. The present study was designed to establish a theoretical framework based on Lee and Lim’s theory and put forward two hypotheses. These hypotheses were tested by large-sample empirical analysis including constructing structural and measurement models. The results suggest that among three technological catching-up paths, the influence of the path-creating catching-up is the most significant. Technological catching-up paths, which have a strong impact on market share and patent number, determine the catching-up performance. These results obtain general rules and break through the limitations of several specific industries providing a more macroscopic understanding of the effect of catching-up path choices on catching-up performance at the enterprise level. Keywords—technological catching-up; latecomer firms; path selection; empirical analysis

Comparison of the Catching-up Path of Latecomer Firms: An Empirical Analysis Based on the Perspective of Technological Catching-up