TITLE:
Duality or Specialization: The Innovation Performance and the Interaction between Science-Based Innovation and Technology-Based Innovation
AUTHORS:
Shurong Li
KEYWORDS:
Science-Based Innovation, Technology-Based Innovation, Interaction, Innovation Performance, Pharmaceutical Industry
JOURNAL NAME:
Open Journal of Business and Management,
Vol.5 No.4,
August
21,
2017
ABSTRACT: This paper examines the impact of the interaction between science-based innovation
and technology on innovation performance by using patent data. To
do so, we introduce the “Enterprise-Science Correlation Index (ESCI)” and
“Enterprise-Technology Correlation Index (ETCI)” based on duality theory.
Then we divide Chinese pharmaceutical industry listed companies into duality
organization, specialization organization (science-based and technologybased)
and other organizations. Three substantive conclusions are as follows.
First, both science-based innovation and technology-based innovation have
significant positive impact on innovation performance in both duality organizations
and specialization organizations. Second, the interaction between
science-based innovation and technology-based innovation has a significant
positive impact on innovation performance in duality organizations. Third,
the interaction between science-based innovation and technology-based innovation
has a significant negative impact on innovation performance in specialization
organizations.