Juying Zeng, Carlos Lassala, Maria Del Mar Benavides and Jiehui Li
This study aims to assess the mediating and driving roles of knowledge cooperation in the effectiveness of G60 Sci-tech Innovation Corridor (G60 STIC) for regional collaborative…
Abstract
Purpose
This study aims to assess the mediating and driving roles of knowledge cooperation in the effectiveness of G60 Sci-tech Innovation Corridor (G60 STIC) for regional collaborative innovation within the knowledge economy context. Furthermore, it focuses on whether knowledge cooperation is more effective than resource cooperation in terms of spatial spillover and its mediating effects on collaborative innovation.
Design/methodology/approach
This study employs multiple statistical and econometric approaches, including social cooperation network, Super-DEA, spatial difference-in-difference model (SDID) and mediating effect model, to measure the effectiveness of knowledge cooperation and resource cooperation paths within the framework of the G60 STIC on regional collaborative innovation in the Yangtze River Delta region (YRD) from 2002 to 2022.
Findings
First, the knowledge cooperation networks validate the strengthening of collaborative innovation is primarily centred on provincial cities and leading manufacturing locales, with smaller cities radiating outwards from these centres. The knowledge cooperation network was generally stronger than the resource cooperation network. Second, the G60 STIC significantly enhances collaborative innovation efficiency by intensifying knowledge, resource and interactive cooperation networks. Third, within the context of the knowledge economy, knowledge cooperation presents a stronger spillover and mediating effect in stimulating collaborative innovation than resource cooperation.
Originality/value
This study clarifies the existence of a knowledge cooperation network and its mediating role in stimulating the effectiveness of strategic, innovative platforms on collaborative innovation. This further verifies the stronger role of the knowledge cooperation than the resource cooperation, which serves as a vital element in promoting strategic innovative platforms to optimise collaborative innovation.
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Jinhua Xu, Jiaye Zhang and Xiaoxia Li
New quality productive forces (NQPF) are critical for high-quality economic development. As digital mergers and acquisitions (M&As) gain prominence in corporate digital…
Abstract
Purpose
New quality productive forces (NQPF) are critical for high-quality economic development. As digital mergers and acquisitions (M&As) gain prominence in corporate digital transformation, understanding their impact on NQPF is essential. This study explores whether digital M&As enhance NQPF in firms and identifies key mechanisms that drive this effect.
Design/methodology/approach
This study investigates the impact of corporate digital M&As on NQPF using a multi-period difference-in-difference (DID) methodology. Analyzing a sample of Chinese listed firms from 2011 to 2021, the study explores how digital M&As contribute to NQPF, identifying firm innovation and data assets as key mechanisms. It also examines how external factors, such as industrial structure, urban human capital and economic policy uncertainty, moderate the effect of digital M&As on NQPF.
Findings
The study reveals three key findings: (1) Digital M&As significantly enhance corporate NQPF; (2) innovation and data assets serve as key mechanisms through which digital M&As drive NQPF and (3) external factors, including industrial structure, urban human capital and economic policy uncertainty, amplify the positive effects of digital M&As on NQPF.
Practical implications
Firms should leverage digital M&As as a strategic tool for improving NQPF, focusing on innovation and data assets. Policymakers can support this transformation by fostering an environment that enhances the positive impact of digital M&As on economic development.
Originality/value
This paper introduces a novel NQPF index, offering a comprehensive measurement of the concept. It provides new insights into how digital M&As affect NQPF, filling a gap in the literature on digital transformation and offering actionable recommendations for firms and policymakers.