Enterprise Reciprocity and Risk Preferences and the Sustainable Cooperation of Innovation Activities in Industrial Parks

Wenjian Li, Yang Zhang, Yuanyuan Wu, Xue Han, Benhai Guo and Gang Xie
Additional contact information
Wenjian Li: School of Management, Jiangsu University, Zhenjiang 212013, China
Yang Zhang: School of Management, Jiangsu University, Zhenjiang 212013, China
Yuanyuan Wu: Faculty of Business Administration, Lakehead University, Orillia, ON L3V 0B9, Canada
Xue Han: Faculty of Business Administration, Lakehead University, Orillia, ON L3V 0B9, Canada
Benhai Guo: School of Economics and Management, China Jiliang University, Hangzhou 310018, China
Gang Xie: School of Management, Jiangsu University, Zhenjiang 212013, China

Sustainability, 2021, vol. 13, issue 17, 1-22

Abstract: The sustainable cooperation of innovation in industrial parks is of great significance to the sustainable development of enterprises and parks. Factors explaining enterprise innovation cooperation activities in industrial parks have attracted great attention in scholarly research. In this article, a preference-based snowdrift game model on complex networks is proposed, where different combinations of enterprise reciprocity and risk preferences are introduced into the game model. The impact of these preferences on the sustainability of cooperation in mature and less-mature parks, characterized by different network styles, is examined through simulations. The investigation reveals that reciprocity and risk preferences have an effect on the sustainable emergence of enterprise cooperation under the constraints of a loss-to-profit ratio of cooperation, network average degree, and network style. Reciprocity preferences of enterprises are shown to have a greater impact on the sustainable emergence of cooperation than risk preference in two types of parks. Additionally, this advantage is more significant in less-mature parks. The results show the positive relationships between combinations of risk aversion and reciprocity preferences and the emergence of cooperation from a long-term perspective. This study concludes with a discussion of management suggestions and policy implications. The findings shed light on the understanding of the sustainable emergence of innovation cooperation in industrial parks.

Keywords: risk preference; reciprocity; sustainable cooperation; evolutionary game; complex network (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/17/9639/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/17/9639/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:17:p:9639-:d:623214

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().