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| The Effect Evaluation of University-Industry Collaborative Innovation: Results from High-tech Listed Companies |
| Hu Wen |
| Institute of Information, Shanghai Academy of Social Sciences, Shanghai 200235, China |
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Abstract Due to the lack of a clear definition for the effect of university-industry collaborative innovation, related studies are difficult to carry out, which hinders the development of innovation-driven economy in China. Inspired by the definition of synergistic effects, we define the effect of university-industry collaborative innovation as a relative concept comparing with the result of traditional university-industry cooperation. Based on three assumptions, this article establishes two control experiments to carry out quantitative evaluation on Chinese high-tech listed companies' collaborative innovation accomplishments using propensity score matching method. The empirical results show that collaborative innovation has positive impact on R&D investments, patent outputs and revenues. However, synergistic effects are only significant in the former two aspects, while limited in revenues.
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Received: 05 January 2017
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Corresponding Authors:
Hu Wen
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