Economics at your fingertips  

Industry–university–research alliance portfolio size and firm performance: the contingent role of political connections

Shuman Zhang, Changhong Yuan () and Chen Han
Additional contact information
Shuman Zhang: Xi’an Jiaotong University
Changhong Yuan: Xi’an Jiaotong University
Chen Han: Xi’an Jiaotong University

The Journal of Technology Transfer, 2020, vol. 45, issue 5, No 9, 1505-1534

Abstract: Abstract Nowadays firms often collaborate with multiple universities and research institutes simultaneously, thereby forming portfolios of industry–university–research (IUR) alliances. To study this, we go beyond the dyadic level that has been the dominant theme in prior research on IUR alliances to examine IUR alliances at the alliance portfolio level. Using the dataset of Chinese manufacturing firms, we investigate the influence of IUR alliance portfolio size on focal firms’ innovation and financial performance. Our findings indicate that IUR alliance portfolio size has an inverted U-shaped effect on firm innovation performance, while political connections weaken the negative effect of IUR alliance portfolio size, thus making the inverted U-shaped relationship become flattened. In addition, we find that IUR alliance portfolio size exerts a negative effect on firm financial performance, while political connections weaken the negative effect of IUR alliance portfolio size. This study contributes to previous research on the relationships between IUR alliances and firm performance, extends prior research on alliance portfolios, and adds to the ongoing debate on the value of political connections to firms. Besides, this study suggests firm managers should consider IUR alliance portfolio size and actively seek government support, that academic institute managers should strengthen IUR collaborations and reduce conflicts and costs in cooperation, and that policymakers should offer more support for firms and shape a better market environment.

Keywords: Industry–university–research; Alliance portfolio size; Political connections; Innovation performance; Financial performance (search for similar items in EconPapers)
JEL-codes: O32 I20 M10 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to full text is restricted to subscribers.

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:

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10961/PS2

DOI: 10.1007/s10961-020-09778-6

Access Statistics for this article

The Journal of Technology Transfer is currently edited by Albert N. Link, Donald S. Siegel, Barry Bozeman and Simon Mosey

More articles in The Journal of Technology Transfer from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2020-09-26
Handle: RePEc:kap:jtecht:v:45:y:2020:i:5:d:10.1007_s10961-020-09778-6