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The Efficiency of University Technology Transfer in China

Author

Listed:
  • Dongfu (Franco) Li

    (Faculty of Business Administration University of Macau Macao SAR China)

  • Xiaoqing (Maggie) Fu

    (Faculty of Business Administration University of Macau Macao SAR China)

Abstract

There has been no significant improvement in China's comprehensive innovation capability over the past decade despite the country's tremendously large investment in research and development. This study uses a three-stage procedure (i.e., research innovation, experimental development, and value creation) to understand this disappointing outcome by estimating the efficiency of the technology transfer operating through major Chinese universities. We find a substantial decrease in the average level of efficiency across the three stages, with the value creation stage identified as the weakest link. An analysis of the determinants suggests that universities with better faculty quality, experienced technology transfer offices, more affiliated investment funds, and a comprehensive rather than specialized focus perform better in all three stages.

Suggested Citation

  • Dongfu (Franco) Li & Xiaoqing (Maggie) Fu, 2021. "The Efficiency of University Technology Transfer in China," Asian Economic Papers, MIT Press, vol. 20(3), pages 114-137, Fall.
    • Handle: RePEc:tpr:asiaec:v:20:y:2021:i:3:p:114-137
    DOI: 10.1162/asep_a_00838
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    Cited by:

    1. Fu, Xiaoqing Maggie & Harrison, Richard T. & Li, Dongfu Franco, 2022. "Venture capital investment in university spin-offs: Evidence from an emerging economy," Journal of Corporate Finance, Elsevier, vol. 74(C).
    2. Asimeng, Emmanuel Theodore & Altenburg, Tilman, 2022. "How does urban rail development in China and India enable technological upgrading?," IDOS Discussion Papers 14/2022, German Institute of Development and Sustainability (IDOS).
    3. Rothstein, Jesse, 2022. "Qualitative information in undergraduate admissions: A pilot study of letters of recommendation," Economics of Education Review, Elsevier, vol. 89(C).
    4. Ma, Ding & Cai, Zhishan & Zhu, Chengkai, 2022. "Technology transfer efficiency of universities in China: A three-stage framework based on the dynamic network slacks-based measurement model," Technology in Society, Elsevier, vol. 70(C).

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