Coordination failure, re-matching and development mechanism of cooperative innovation between enterprises and universities - An analysis of cooperative innovation between enterprises and universities based on the panel data of provinces

Abstract

Abstract: On the basis of matching theory and game theory, this paper established a two-stage model of cooperative innovation between enterprises and universities. The model shows that the successful cooperative innovation depends on universities' high R&D efforts and enterprises' high level of equipment investment. However, in a two-stage process of cooperation, coordination failure and high re-matching cost may inhibit investment efforts of both sides, and leading to cooperation failure. Using the panel data of China's inter-provincial cooperative innovation between universities and industrial enterprises, the paper further explore the impact factors which influence the re-matching of collaborative innovation. Econometric analysis showed that the higher proportion of new technology development and investment in a region, the thicker of the university-enterprise cooperation "market". The match cost is low, and the cooperative innovation goes towards a virtuous circle. Meanwhile, the government's funding may reduce the possibility of separation and coordination failure of cooperative innovation between enterprises and universities.

Key words: university, cooperative innovation, coordination failure, re-matching

CLC Number:

F204/G640

Liu Keyin, Xuan Yong, Chi Renyong. Coordination failure, re-matching and development mechanism of cooperative innovation between enterprises and universities - An analysis of cooperative innovation between enterprises and universities based on the panel data of provinces[J]. Science Research Management, 2015, 36(10): 35-43.

References

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