Technology Transfer and Corporate High-Quality Innovation
Technology transfer is a fundamental aspect of scientific and technological innovation.A company's ability to implement scientific and technological advancements is crucial when replacing traditional growth drivers with new ones powered by innovation-driven developments.Drawing on the establishment of the National Technology Transfer Center(NTTC),this paper adopts a multi-period difference-in-differences(DID)model for rigorous testing and finds that,following the establishment of the NTTC,the number of invention patent applications and citations increased significantly through some mechanisms,such as technology spillover,R&D investment and R&D subsidies.Further analysis reveals that companies'capacity for innovation was significantly bolstered by technology transfer in areas with a higher technology contract transaction volume,more technology exchange and trading activities and higher marketisation levels.Technology transfer also promoted innovation in companies with basic R&D capabilities.The cornerstone of achieving high-quality innovation is the possession of these core capabilities,which can easily go very far.This paper contributes to enriching the existing literature on technology markets and scientific and technological innovation,providing policy implications on the issue of promoting corporate innovation through the technology transfer mechanism.
corporate innovationtechnology transferNational Technology Transfer Center(NTTC)technology spillover