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| Selection of Multi Cooperative R&D Model for HighTech Enterprises |
| Li Zibiao，Zhao Jingjing |
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Abstract Based on the resourcebased theory and transaction cost theory, this paper discusses the impact of different corporate R&D models on innovation performance in an open environment, and analyzes the mediating role of knowledge and technology as well as the regulatory role of internal R&D.The study used the data of 816 hightech enterprises in Hebei from 2014 to 2016 to conduct longterm and shortterm comparative tests.The results show that different cooperative R&D have different effects on innovation performance, the effects of overseas cooperation are always the greatest.The longterm effects of Industrygovernment cooperation andIndustryUniversity cooperation are strong, the shortterm effect of IndustryInstitute cooperation is strong.Knowledge and technology play a mediating role between them.Internal R&D is enhancing the cooperation performance of IndustryUniversity and Industrygovernment, and weakening the cooperation performance of IndustryInstitute and overseas.Research is of great significance for the selection of R&D strategies for hightech companies.
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