Characteristics and factors for the innovation performance of New R&D Institutes at start‐up stages: an exploratory study from China

Author:

Jiang Chun1ORCID,Gao Yong2ORCID,Li Shihan3,Luo Lihua4,Zhu Linna5

Affiliation:

1. School of International Relations & Public Affairs Fudan University Shanghai 200433 China

2. School of Accountancy Nanjing University of Finance and Economics Nanjing 210023 China

3. School of Economics Fudan University Shanghai 200433 China

4. Nanjing Service Center for Technology Transfer Nanjing 210018 China

5. School of Management Nanjing University of Posts and Telecommunications Nanjing 210003 China

Abstract

To improve independent innovation ability, China has explored a unique form of R&D organization called the New R&D Institute (NRDI). The spillover effect of NRDIs in the region arouses curiosity about what exactly drives its innovation performance. After clarifying the NRDI concept and its characteristics, this study studies Nanjing, a typical city with the rapid development of NRDIs in China, to empirically explore the impact mechanism of NRDI development in their start‐up period. The study uses panel data from 103 NRDIs spanning 10 quarters from the third quarter of 2018 to the fourth quarter of 2020. Our analysis reveals that R&D investment, government support, research infrastructure, and angel investment have mixed impacts on the revenue, innovation, and enterprise incubation of NRDIs. Specifically, resource inputs such as R&D staff, R&D service platforms, and R&D expenditures boost the revenue growth of NRDIs. In contrast, only a few inputs play an important role in NRDIs’ innovation and enterprise incubation, including service platforms, capital investment from high‐tech parks, and angel funding. The early development of NRDIs has four features. (1) It is driven more by material capital (R&D expenditure) than by human capital (R&D staff). (2) It relies more on government support rather than institution investment. (3) Research infrastructure has specific significant effects on the innovative output of NRDIs. (4) Angel investment is critical to promote technological innovation and business incubation. Most of the input elements have not yet been very effective in the innovation and incubation of NRDIs. Our research offers essential insights for understanding the innovation mechanism in NRDIs and promoting their healthy development.

Publisher

Wiley

Subject

Management of Technology and Innovation,Strategy and Management,General Business, Management and Accounting,Business and International Management

Cited by 2 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3