Next Article in Journal
The Economic-Environmental Impacts of China’s Action Plan for Soil Pollution Control
Previous Article in Journal
Effects of Selected Positive Resources on Hospitality Service Quality: The Mediating Role of Work Engagement
Open AccessArticle

The Impact of Industry–University–Research Alliance Portfolio Diversity on Firm Innovation: Evidence from Chinese Manufacturing Firms

School of Management, Xi’an Jiaotong University, Xi’an 710049, China
*
Author to whom correspondence should be addressed.
Sustainability 2019, 11(8), 2321; https://doi.org/10.3390/su11082321
Received: 17 March 2019 / Revised: 7 April 2019 / Accepted: 15 April 2019 / Published: 17 April 2019
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
Innovation is a key factor for the sustainable development of firms. Although it has been a prevalent phenomenon that firms maintain multiple industry–university–research (I–U–R) alliances simultaneously to generate innovation, there is a lack of explorations in this phenomenon in extant literature. In this study, we introduce a new construct, I–U–R alliance portfolio, and investigate the impact of its diversity on a focal firm’s innovation performance. Hypotheses are proposed and examined using datasets of 176 listed firms in the Chinese manufacturing industry. We find that I–U–R alliance portfolio diversity exerts a positive effect on a focal firm’s innovation performance and a firm’s absorptive capacity positively moderates this relationship. Furthermore, we contend that with increasing levels of government financial support, the positive relationship between I–U–R alliance portfolio diversity and firm innovation performance is strengthened. Finally, our findings provide several theoretical and practical implications for the I–U–R alliance portfolio and firm innovation. View Full-Text
Keywords: industry–university–research; alliance portfolio diversity; government financial support; innovation performance; sustainable development industry–university–research; alliance portfolio diversity; government financial support; innovation performance; sustainable development
Show Figures

Figure 1

MDPI and ACS Style

Zhang, S.; Yuan, C.; Wang, Y. The Impact of Industry–University–Research Alliance Portfolio Diversity on Firm Innovation: Evidence from Chinese Manufacturing Firms. Sustainability 2019, 11, 2321.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop