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University-industry collaboration and enterprise total factor productivity

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  • Chen, Chong
  • Zhang, Jiaying
  • Du, Anna Min
  • Li, Zhongyuan

Abstract

This study evaluates how university-industry collaboration (UIC) affects total factor productivity (TFP). Based on unbalanced panel data of Chinese listed manufacturing enterprise between 2002 and 2022, our analysis reveals that: (1) UIC significantly enhances TFP; (2) the impact pathways through which UIC affects TFP include human capital, R&D investment, and management efficiency; (3) the effect of UIC on TFP is heterogeneous across firms' innovation capabilities, ownership types, and regional location; (4) the effect of UIC on TFP exhibits regional spillover effects. These findings provide valuable insights into how to leverage UIC to drive enterprise innovation, transformation, and upgrading.

Suggested Citation

  • Chen, Chong & Zhang, Jiaying & Du, Anna Min & Li, Zhongyuan, 2025. "University-industry collaboration and enterprise total factor productivity," International Review of Economics & Finance, Elsevier, vol. 102(C).
    • Handle: RePEc:eee:reveco:v:102:y:2025:i:c:s1059056025004745
    DOI: 10.1016/j.iref.2025.104311
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