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The Influence of Basic Research on Enterprises' Innovation Performance:A Research Based on Chinese Bio-Pharmaceutical Enterprises |
Liu Yan,Su Kemeng,Gao Yanhui |
(School of Management, Xi'an Polytechnic University, Xi'an 710048,China) |
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Abstract Basic research plays a key role in scientific and technological innovation and economic development. A series of policies has been introduced in China in recent years, emphasizing the importance of basic research. However, the output of basic research shows obvious positive externalities, resulting in insufficient investment in basic research by profit-making enterprises, especially as a developing country, Chinese enterprises have limited investment in basic research.. So although the quantity of innovation output of China is in the forefront of the world, it shows great disadvantage in innovation quality and intellectual property import and export, and also some key technologies of the industry are not controlled by Chinese enterprises. Then it is difficult for China to remain invincible in the new round of global scientific and technological revolution and industrial transformation. The existing studies argue that there is a positive relationship between basic research and technological innovation, but the mechanisms of how technological innovation benefits from basic research have not yet been revealed. Therefore, this paper mainly explores whether the basic research of Chinese enterprises really promotes its technological innovation performance, and if there are more factors affecting the relationship between basic research and technological innovation.#br#Based on knowledge theory, this paper analyzes the relationship between basic research and technological innovation performance of Chinese bio-pharmaceutical enterprises. Firstly, this paper explores the influence of the breadth and depth of enterprises’ basic research on technological innovation performance. Secondly, it analyzes the mediating effects of bridging scientists on the relationship between basic research and technological innovation performance. Finally, it investigates the moderating role of technological knowledge integrating capability. This paper takes 80 enterprises out of the ‘top 100 enterprises in China's bio-pharmaceutical industry’ for many consecutive years during 2009 to 2019 as the research sample. The basic research data is collected from the web of science database, and the technological innovation data come from the invention patent from the State Intellectual Property Office (SIPO) database. The multiple linear regression model is constructed to verify the hypothesis. #br#The results show that the breadth of enterprise basic research is positive with improving technological innovation performance, while the depth of enterprise basic research has inverse U-shape influence on technological innovation performance. Meanwhile, the enterprises’ bridging scientists play a partial mediating role between the breadth and depth of basic research and the technological innovation performance. In addition, this paper also finds that the technological integration capability has a positively moderating effect on the relationship between the breadth of basic research and technological innovation performance, which means that the technological integration capability strengthens the positive effect of breadth of basic research on technological innovation performance. And there is a negative moderating effect of the technological integration capability on the relationship between depth of basic research and innovation performance, which shows that the technological knowledge integration capability weakens the inverted U shape relationship between the depth of basic research and innovation performance. #br# This research results have instructive significance for the basic research and technological innovation activities of enterprises in practice. First of all, the empirical results of the article show that enterprises need to expand the field of basic research, and pay attention to the accumulation of basic research knowledge. However, improving the depth of basic research blindly can not have a positive impact on the technological innovation performance, it is important for enterprises to maintain a appropriate lever of depth of basic research. Secondly, enterprises should pay more attention to the training of bridging scientists, so as to strengthen the ability of enterprises to transform the knowledge of basic research into technological innovation capability. Finally, when the enterprise has high technological knowledge integration capability, it should expand the breadth of basic research. In addition, when enterprises have a high level of depth in basic research, it is beneficial for enterprises to maintain a low level of technological knowledge integration capability.#br#
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Received: 01 July 2021
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