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| Research on the Influence of Co-Founding Industry-University-Research Innovation Entities on High-Tech SMEs’ Innovation Performance |
| ZHANG Yufei，YUAN Changhong，ZHANG Shuman |
| 1. Xi’an Jiaotong University， Xi’an， China; 2. Zhejiang Gongshang University， Hangzhou， China |
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Abstract Based on data of listed manufacturing companies on China’s GEM Board from 2009 to 2018, this study examines the influence of co-founding IUR (industry-university-research) innovation entities on high-tech SMEs’ innovation performance, and the moderating role of social trust, government innovation subsidy as well as the interaction of them. Results show that: co-founding IUR innovation entities with universities or research institutes can improve innovation performances of high-tech SMEs; both social trust and government innovation subsidy can enhance the positive relationship between co-founding IUR innovation entities and firm innovation performance; the interaction of social trust and government innovation subsidy can positively moderate the relationship between co-founding IUR innovation entities and firm innovation performance.
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Received: 14 May 2021
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