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Abstract The mechanism of leadership's role on innovation capability has aroused widespread concern in academic research,but there are few studies on transactional leadership,especially empirical research in the context of universityindustryinstitute alliances.This paper studies the mechanism of transactional leadership on dynamic capabilities in the context of synergetic innovation.In order to illustrate the relationship between transactional leadership and dynamic capabilities better,we introduces regulatory focus as intermediary variables based on the literature research.This paper obtains 301 data from the synergetic innovation teams of hightech industryuniversityinstitute alliances through structured questionnaire and analyzes it by the method of regression analysis.The results show that there is a significant positive correlation between contingentreward and the capability of sensing and seizing,and there is also a significant positive correlation between management by exception and reconfiguration capability.The promotion focus and prevention focus play intermediary role respectively.The study verifies the differential impact of transactional leadership on dynamic capabilities and enriches the theory of strategic leadership and dynamic capabilities,which is conducive to the management of synergetic innovation of universityindustryinstitute alliances.
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