| Industry-university-research is not only an inseparable part of our country’s national scientific and technological innovation system,but is also one of the main means to realize the transformation of scientific and technological achievements into productive forces.Nowadays,enterprises,universities,and scientific research institutes are all seeking for a multi-party scientific research platform,which helps to build a more effective production-university-research integration system and promote the local transformation of scientific research results.As a research hotspot in the field of scientific and technological innovation at home and abroad,the relevant research mainly focuses on the cooperation mode of industry-university-research,the influencing factors of industry-university-research cooperation,and the economic consequences of industry-university-research cooperation.Then,from the perspective of the enterprise,the capital of the board of directors has a significant impact on the strategic decision-making and technological innovation of the enterprise.As a scientific and technological innovation strategy,will the capital of the board of directors have an impact on the level of industry-university-research cooperation?Will this effect be different between state-owned enterprises and non-state-owned enterprises ? Will technological diversification regulate the effect between capital of the board of directors and the level of industry-university-research cooperation?Here,1122 A-share listed companies that have concluded industry-university-research cooperation from 2008 to 2021 were studied and 3246 observations were selected as research samples.How the human and social capital of the board of directors affect the level of industry-university-research cooperation is analyzed while examples are provided as well.At the same time,we further look at the difference of this influence under different property rights,and the regulating role of technological diversification in this relationship.We found that:(1)The human capital of the board of directors is significantly positively correlated with the level of industry-university-research cooperation of enterprises,indicating that high average educational level of all members of the board of directors and heterogeneity of their professional background experience contribute to the depth and breadth of industry-university-research cooperation of enterprises.(2)The social capital of the board of directors has a significant positive correlation with the level of industry-university-research cooperation of enterprises,which indicates that the stronger the alumni associations and government associations of board members,the higher the depth and breadth of industry-university-research cooperation of enterprises.(3)Compared with non-state-owned enterprises,in state-owned enterprises,the human capital and social capital of the board of directors are more conducive to promoting the level of industry-university-research cooperation of enterprises.(4)The regulating effect of technological diversification on the relationship between the social capital of the board of directors and the enterprise-university-research cooperation shows a significant positive correlation.The research in this paper provides new ideas and directions for improving the deep integration of industry,university and research and optimizing the promotion of industry-university-research cooperation policies.The industry-university-research cooperation is more likely to be long-lasting and the efficiency of the cooperation can be increased based on the results of this study.In addition,it is both theoretically and practically important for enterprises in the process of making industry-university-research cooperation decisions. |
