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University–industry collaboration and firm innovation: an empirical study of the biopharmaceutical industry

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  • Mingyu Tian

    (Nanjing University)

  • Yiwei Su

    (Nanjing University)

  • Zhong Yang

    (Nanjing University)

Abstract

Existing research has shown that university–industry collaboration (UIC) helps a firm achieve superior innovation outcomes. However, little is known about how UIC affects firm innovation when considering interfirm alliances. In this paper, we examine the influence of UIC on firm innovation performance by considering the interfirm alliance network. Based on a panel of 285 biopharmaceutical firms across the world over a thirty-year period from 1985 to 2014, we find that UIC enhances firm innovation performance. More alliances with other firms hinder the positive effect of UIC on firm innovation, whereas technological diversity strengthens the influence of UIC. Theoretical and practical implications of the results are discussed.

Suggested Citation

  • Mingyu Tian & Yiwei Su & Zhong Yang, 2022. "University–industry collaboration and firm innovation: an empirical study of the biopharmaceutical industry," The Journal of Technology Transfer, Springer, vol. 47(5), pages 1488-1505, October.
    • Handle: RePEc:kap:jtecht:v:47:y:2022:i:5:d:10.1007_s10961-021-09877-y
    DOI: 10.1007/s10961-021-09877-y
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