The impact of industry-university-research projects on biopharmaceutical companies’ innovation performance: moderating roles of government subsidies for innovation

Xia, Yuntian; Jia, Yiwen

doi:10.3389/fpubh.2023.1271364

Front. Public Health

2023

DOI: 10.3389/fpubh.2023.1271364

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The impact of industry-university-research projects on biopharmaceutical companies’ innovation performance: moderating roles of government subsidies for innovation

Yuntian Xia,

Yiwen Jia

Abstract: Innovation holds paramount importance for both nations and businesses. This article presents a panel regression model designed to assess the fixed effects of industry-university-research (IUR) cooperation projects on innovation performance. Furthermore, it examines the moderating impact of government innovation subsidies by utilizing data spanning from 2007 to 2021, encompassing 326 listed Chinese biopharmaceutical firms. Our findings reveal that industry-university-research-cooperation projects have the poten… Show more

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2024

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Cited by 3 publications

References 80 publications

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From lab to market: the financial impact of industry-university-research cooperation on Chinese pharma firms

Wan,

He,

Zhang

et al. 2024

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PurposeThis study examines the impact of industry-university-research (IUR) cooperation on the financial performance of pharmaceutical enterprises in China. The current literature has primarily focused on the effects of IUR cooperation on innovative performance, often overlooking its financial implications. This research aims to address this gap by analyzing how such collaborations affect financial outcomes.Design/methodology/approachUsing a difference-in-differences (DID) approach, this study analyzes data from publicly listed Chinese pharmaceutical companies between 2011 and 2022. The analysis includes robustness checks and heterogeneity analysis to validate the findings.FindingsEmpirical results indicate that IUR cooperation significantly improves the financial performance of pharmaceutical enterprises. Firms engaged in IUR collaborations exhibit a notable improvement in return on assets (ROA) and return on equity (ROE). The research findings confirm that absorptive capacity (internal factors) and the external knowledge resource base (external factors) enhance the positive impact of IUR collaboration on the financial performance of pharmaceutical enterprises. Additionally, the heterogeneity analysis based on regional levels of intellectual property protection demonstrates a stronger positive influence of IUR cooperation on the financial performance of pharmaceutical enterprises in regions with greater levels of intellectual property protection.Originality/valueThis study contributes to the understanding of the financial benefits of IUR cooperation in the biopharmaceutical sector. By highlighting the significance of absorptive capacity, external knowledge resource base and regional intellectual property protection, this study offers valuable insights for policymakers and business leaders aiming to cultivate effective industry–academia collaborations.

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From lab to market: the financial impact of industry-university-research cooperation on Chinese pharma firms

Wan,

He,

Zhang

et al. 2024

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Research on the Relationship between Enterprise Innovation Capability and Industry-University-Research Collaboration in the Era of Digital Economy

Li,

Kong,

Tao

et al. 2024

Applied Mathematics and Nonlinear Sciences

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Industry-university-research cooperation has become one of the indispensable and important innovation modes in the construction of today’s innovation system. The article collects the enterprise information system from 2014 to 2021, screens 49 companies that have participated in industry-university-research cooperation as the research object and put forward hypotheses, measures the innovation quality by the number of large groups number and the number of small groups number based on IPC classification number, and measures the level of internal research and development by the two methods of the percentage of R&D investment and the percentage of scientific researchers to carry out empirical evidence to test the impact of the level of industry-university-research cooperation on the quality of innovation of the enterprise. Test. The results of the study show that there is a significant positive correlation between the level of University-Industry Cooperation and the quality of enterprise innovation, with a coefficient of 0.103 and significant at the 1% level, i.e., the higher the level of University-Industry Cooperation, the higher the quality of enterprise innovation. The stronger the driving effect of the level of university-industry research Cooperation on the innovation quality of enterprises in terms of improving the level of internal R&D, the stronger the driving effect.

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Study on the Characteristics and Operational Mechanisms of Industry–University–Research Collaborative Innovation in Megaprojects: The Case from China

Zhao,

Liu,

Lang

et al. 2024

Systems

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Megaproject construction endeavors and technological innovation activities, led by industry–university–research (IUR) collaboration, demonstrate marked disparities in value orientations, implementing entities, and constituent components. These discrepancies lead to a mismatch between innovation demands and actual activities, as well as insufficient innovation motivation among construction entities, subsequently impacting innovation effectiveness and the commercialization of outcomes and failing to adequately support engineering construction needs. In response to this predicament, the academic community widely acknowledges IUR collaborative innovation as a solution. This research integrates fundamental theoretical analysis with a multi-case study approach and systematically dissects the distinctive features at the micro, meso, and macro levels, grounded in the collaborative innovation practices of IUR in three iconic railway engineering projects in China. Subsequently, it unravels the inherent operational mechanics of the IUR collaborative innovation system within large-scale projects. Specifically, at the micro level, the profound engagement of governments and project owners fosters a solid supportive environment and collaborative platform for IUR collaboration, while past successful cooperation experiences among key innovation entities enhance their technological and knowledge interactions. At the meso level, shared industry cognitions and values, hierarchical organizational structures, flexible institutional designs, and resource allocation strategies based on balancing risks and benefits collectively constitute the supporting system for megaproject collaborative innovation. At the macro level, the tight integration of the innovation chain and industrial chain promotes the formation of an open cooperation ecosystem, ensuring the continuity and systematic nature of innovation activities and accelerating the rapid commercialization and efficient utilization of innovation outcomes. This study not only enriches the theoretical connotations of IUR collaborative innovation in the context of major engineering projects but also provides theoretical foundations for strategy formulation and management practices for major project managers, holding significant value in guiding the innovation management of future major engineering projects.

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The impact of industry-university-research projects on biopharmaceutical companies’ innovation performance: moderating roles of government subsidies for innovation

Cited by 3 publications

References 80 publications

From lab to market: the financial impact of industry-university-research cooperation on Chinese pharma firms

From lab to market: the financial impact of industry-university-research cooperation on Chinese pharma firms

Research on the Relationship between Enterprise Innovation Capability and Industry-University-Research Collaboration in the Era of Digital Economy

Study on the Characteristics and Operational Mechanisms of Industry–University–Research Collaborative Innovation in Megaprojects: The Case from China

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