The knowledge linkage between science and technology influences corporate technological innovation

Evidence from scientific publications and patents

Bibliographic Data

ID21401547
AuthorsXi Chen (0000-0002-2058-0351, Wuhan University), Jin Mao (0000-0001-8498-3523, Wuhan University, corresponding author), Yaxue Ma (0000-0002-3680-3222, Nanjing University), Gang Li (0000-0002-9858-5232, Wuhan University, corresponding author)
Year2024
Volume198
Pages122985
Publication date2024-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueTechnological Forecasting and Social Change (JOURNAL)
Journal identifiersISSN: 0040-1625 • E-ISSN: 1873-5509
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.techfore.2023.122985
OpenAlexW4388688145
LanguageEN
Citations received10
References cited71

Scientific knowledge has been shown to be a key contributor to corporate technological innovation; hence, modern inventive firms place a strong emphasis on scientific research. However, little is known about how the knowledge linkage between science and technology (ST linkage) of corporations fosters their technological innovation. In an effort to fill this vacuum in the literature, we investigate how multiple properties of ST linkage influence corporate technological innovation. We conducted a Zero-inflated Negative Binomial regression using scientific publications, patents, and firm-level data from 671 pharmaceutical and 686 semiconductor corporations to test our hypotheses. We find that the higher the proportion of corporations citing their published scientific publications in patents, the more likely they are to produce more patents, and corporate technological innovation benefits from the utilization of scientific knowledge produced in the early stages. Furthermore, the positive effects of the aforementioned factors on the technological innovation performance of corporations are present in both scientific research strategies (e.g., independent vs. joint research). These findings contribute to the understanding of the underlying mechanism of corporate basic research facilitating technological innovation. This study also provides meaningful advice regarding how corporations can enhance their technological innovation through scientific research

Business · Economics · Knowledge management · Linkage (software) · Mechanism (biology) · Open Innovation · Sociology · Sociology of scientific knowledge · Technological change · Computer Science · Innovation and Knowledge Management · Innovation Diffusion and Forecasting · Intellectual Property and Patents · Marketing

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