Research On The Influence Of Specific Assets Investments On Opportunism Behavior In Cooperative Innovation

Technological innovation has great progress from two aspects of content and form. Form the content, single department or across departments cooperation within the enterprise is no longer the mainstream of technology innovation, instead of across the enterprise cooperation and the model of "industry-university-institute" cooperation. About the form, the upstream cooperation (industry-university-institute)、the downstream cooperation (with customers, suppliers, etc.) and horizontal cooperation (competitors or resources complementary owned enterprise) are new forms of technology innovation. This new technology innovation cooperation model not only can realize the collection of complementary resources and capabilities, but also can save the transaction cost for the enterprise technology innovation and brings the heterogeneity of new information.Essentially, cooperative innovation not only realized the collection of different types of assets, but also became a combination of different types of stakeholders. Scientific research institutions, suppliers, customers, government and a series of participants provide cooperative innovation with its unique types of assets. Based on this study, on the basis of literature review, the assets can be divided into two categories: ability to assets and resources assets. Due to the constraints of these two types of assets is different, so the degree of locking in the cooperative innovation and the contribution is not the same. According to the transaction cost economics, specific assets investment will bring the threat of opportunism behavior. The impacts of different types of assets to opportunism behavior are also different. Opportunistic behavior in cooperative innovation can be divided into four classes:Breaching of the contract to avoid responsibility、forced to amending and negotiating the contract、interrupt or limited resources supply and boycotts、withdraw from the cooperation. From the point of view of specific asset investment, the ability to assets and resources assets have different kinds of influence on the four kind of opportunistic behavior. Therefore, the research of the classification of specific assets and opportunism behavior is particularly important.Existing research about the mechanism of specificity of assets leading to opportunistic behavior is not fully. Existing research based on the perspective of enterprise try to explore it and is unilateral. From the stakeholder’s aspect, the mechanism that about the specific assets how to influence the opportunism behavior has not been concerned. We insist on that the lack of Interest-Power is the direct factor of the opportunism behavior, so this study introduces the right symmetry analysis. Right symmetry in the asset specificity and the opportunist behavior plays an intermediary role. To penetrate the opportunism behavior from the perspective of Interest-Power, the analysis of Interest-Power is a new perspective. From the results of empirical study, two kinds of assets have different kinds of impact on the opportunism behavior, and resource assets have greater impact on opportunism behavior. The empirical results also support the intermediary role of Interest-Power, and support the power symmetry has partial intermediary role between specific assets and opportunism behavior.