University Spillovers, Spatial Distance, and Firm Innovation: Evidence at Chinese Listed Firms

Xiaoying Li, Jinling Li and Xinjie Wu

Emerging Markets Finance and Trade, 2020, vol. 56, issue 7, 1504-1519

Abstract: This paper matches information from Chinese listed firms with cities to analyze university spillovers on firm innovation, and the distance between firms and universities is calculated using ArcGIS software. We find that firms’ patents are positively related to the number of universities in the same city, which indicates positive university spillovers on firm innovation; university spillovers attenuate with spatial distance between firms and universities; firms with larger annual sales and higher R&D investment have more university spillovers on innovations; and the results of positive spillovers and attenuation effects generally hold when we divide sample by industry or divide the total number of patents by invention, utility model, and design.

Date: 2020
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DOI: 10.1080/1540496X.2019.1625765

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