Industry-University Collaboration and Commercializing Chinese Corporate Innovation

• 成果类型: Article
• 署名作者: Hsu, David H.; Hsu, Po-Hsuan; Zhou, Kaiguo; Zhou, Tong
• 署名单位: University of Pennsylvania; National Tsing Hua University; Capital University of Economics & Business; ShanghaiTech University; Southern University of Science & Technology
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2022.00788
• 发表日期: 2025
• 关键词: industry-university collaboration; Corporate innovation; technology commercialization; Technology transfer; COMPLEMENTARITY

摘要

We construct a comprehensive data set of medium-and large-sized industrial firms and research universities in China and examine how Chinese firms' commercialization of their technologies is related to their experience in industry-university collaboration (IUC). We propose that firms' IUC experience constitutes an inimitable complementary asset that facilitates their technology commercialization. Our empirical analyses show that firms generate more new product sales and produce more product-oriented patents when they have more patents that are coassigned to universities or when they have more academic publications coauthored with university staff in the past. Such a relation is strengthened when firms have higher absorptive capacity, when firms are in industries that depend more on basic science, and when firms are located closer to their collaborating universities. Additional tests point out four channels through which firms' IUC experience benefits their technology commercialization: knowledge acquisition, talent recruiting, direct technology transfers, and technological complementarity.