A Research on Affecting Factors of Firm-University-Institute Linkage——Dynamic Panel Analysis Based on Two-step System GMM
XU Yi1, 2, XING Fei3
1.School of Public Finance and Tax, Zhongnan University of Economics and Law, Wuhan 430073, China; 2.School of Public Finance and Tax, Guizhou University of Finance and Economics, Guiyang 550004, China; 3.School of Economics, Huazhong University of Science and Technology, Wuhan 430074, China
Abstract：
This paper examines the affecting factors of linkage, using panel data analysis on China’s large and medium-sized manufacturing enterprises. The final results are as followed: in the long run, firm-university-institute linkage will be strengthened by the extent of the long-term innovation capacity and the government’s policy on financing R&D and the cooperation relationship which was established earlier; there is significant discrepancy on affecting factors between institution and university linkage with enterprises; the linkage between institution and enterprises will be strengthened by the short-term profit that the firm cares; the linkage between university and enterprises is significantly strengthened by the corporation’s absorptive capacity, but weakened by the short-term profit that the firm is paying attention to.
XU Yi, XING Fei.A Research on Affecting Factors of Firm-University-Institute Linkage——Dynamic Panel Analysis Based on Two-step System GMM[J] Economic Survey, 2014,V31(2): 74-79
2014 
