Search Results (4)

By constructing a system dynamics (SD) model of how mission-oriented innovation consortia empower the development of future industries, this study reveals the internal causal structure and dynamic evolution mechanism of the system in the process of multi-actor collaborative innovation. The results show that, throughout the simulation period, innovation consortia exert a sustained positive enabling effect on the development of future industries, mainly reflected in the expansion of industrial market demand, the accumulation of core technology breakthroughs, and the increase in the added value of the future industrial chain. Value co-creation intensity, patent resource complementarity, and technological adaptability jointly constitute the key mechanisms through which innovation consortia empower future industries. These mechanisms are coupled through multiple feedback paths, thereby maintaining the continuous evolutionary momentum of the system. From a system dynamics perspective, this study characterizes the dynamic interaction process and nonlinear evolutionary features between innovation consortia and future industry development, enriches the relevant theoretical framework, and provides a dynamic simulation basis for policy design related to future industries. Full article

Against the backdrop of intensifying global technological competition and sustainable development challenges, achieving breakthroughs in core technologies has become a significant challenge for Chinese enterprises. While existing research indicates that technological Mergers and Acquisitions (M&As) serve as a crucial pathway for acquiring external innovation resources, the previous literature often examines acquisition events in isolation, overlooking potential synergistic effects among multiple acquisitions implemented within specific periods. Drawing on knowledge recombination theory, this study examines the innovative effects of diversified technological M&A portfolios. We argue that under the dual pressures of digital transformation and sustainable development, enterprises can establish multidimensional knowledge foundations and trigger cross-domain recombination of knowledge elements through implementing different types of technological acquisitions, thereby catalyzing transformative breakthrough innovations that fundamentally reshape technological trajectories that contribute to sustainable competitive advantages. Based on acquisition and patent data from Chinese A-share listed companies from 2012 to 2022, our findings reveal that diversified technological M&A portfolios significantly promote breakthrough innovation through three mechanisms: knowledge distance optimization, cognitive schema reconstruction, and complementarity of innovation elements. Further analysis indicates that this effect is more pronounced in companies with Chief Science Officers (CSOs) and high-tech enterprise qualifications. This research not only enriches theoretical research on technological M&As and innovation management but also provides new practical insights for enterprises seeking to achieve sustainable breakthrough innovations through strategic acquisition deployment. Full article

The key driving force for high-quality development is innovation, and collaborative innovation is an important form of organizing and realizing innovation. However, the impact of collaborative innovation networks on high-quality regional development remains unclear. At the city cluster level, this study analyzes more than 300,000 patent data based on the data of prefecture-level cities in China from 2012 to 2020 using the crawler method and social network analysis. The results show that, first, collaborative innovation in China is characterized by growth, network, and structural stability. Second, collaborative innovation can significantly improve the high-quality development of urban economies by reducing human resource mismatch and increasing the “intensive margin” and “expansive margin” of innovation. Third, at the national level, increased urban collaboration in terms of width and depth has contributed to the economy’s high-quality development. However, the two have not yet demonstrated complementarity, although at the level of urban agglomerations, the two are significantly complementary. Fourth, heterogeneity analysis shows that collaborative innovation is more effective in promoting high-quality development for highly matured city clusters and cities with robust innovation capacity. It can considerably overcome geographical constraints. From the regional heterogeneity perspective, the promotion of high-quality development through collaborative innovation is stronger in southern and central China. It is recommended that emerging market countries and city clusters focus on constructing and developing collaborative innovation networks and promoting high-quality economic development through measures such as increasing network density, enhancing the breadth and depth of synergies among cities, and developing differentiated policies. Full article

Power battery recycling (PBR) has triggered profound changes in the industrial chain of electric vehicles (EVs). The PBR innovation network provides information channels and resource conditions for enterprises, but the mechanism of its impact on the synergistic innovation benefits and sustainable development ability of EV and PBR enterprises still needs further exploration. In this paper, we collect patent data for PBR from 2012 to 2020, identify the structural characteristics of innovation networks, and construct a synergy game model for PBR technology, aiming to analyze the synergistic effect of network embedding and knowledge spillover in PBR enterprises on technological innovation. First, we find that the PBR innovation network exhibits the small-world effect, which has a double-edged sword effect on technological cooperation innovation. Second, structural holes benefits of the main body of PBR technological innovation have a significant impact on cooperation innovation behavior. Third, the enhancement of the relevance and deep complementarity of knowledge cooperation is sufficient to make up for the input cost of PBR technological cooperation innovation, with additional benefits created by the increase in the output of structural holes. However, companies tend to be more inclined toward non-cooperative innovation as the knowledge spillover effect of the innovation network increases. Full article