The Relationship Between Collaborative Innovation Risk and Performance of Industrial Parks

The Relationship Between Collaborative Innovation Risk and Performance of Industrial Parks

Xiaofei Wang (School of Economics and Management, Tongji University, China), Yuchun Sun (School of Economics and Management, Tongji University, China), and Guoqiang Li (School of Economics and Management, Tongji University, China)
Copyright: © 2022 |Pages: 19
DOI: 10.4018/JGIM.298673
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Abstract

From the perspective of collaborative innovation risk, the relationship between different risks and IP is explored based on the BPNN (Back Propagation Neural Network) model. Then, the SE (Synergy Effect) and the DC (Dynamic Capability) are introduced as intermediary and moderating variables. Following specific enterprise data input, the relationship between collaborative innovation risk and IP is analyzed based on deep learning and its endogenous mechanism. Conclusion: the analysis model of enterprise IP based on deep learning BPNN can well process enterprise data; different types of collaborative innovation risks in industrial parks have significantly negative effects on IP; the negative effect of organizational collaborative risk on IP is −0.268; apart from market risk factors, the other collaborative innovation methods further hinder the improvement of IP by inhibiting SE; apart from the risk of benefit distribution, the other collaborative innovation risks and IP are negatively regulated by DC, and the regulation effect on the risk of innovative factor input is the largest.
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1. Introduction

Innovation is the core driving force of social and economic development. Nowadays, abnormal development of science and technology makes the competition between enterprises fierce. The core competitiveness of enterprises, global economic and the uncertainty of new technologies make innovative activities particularly complex (Chen, J. et al., 2017). Concurrently, knowledge, technology and capital can be easily shared worldwide through the Internet and the life cycle of technology and products has been significantly shortened. Many enterprises have realized the necessity of cooperation in enterprise innovation (Yang, Z. et al. 2018). Therefore, industrial parts are informed of the significance of enterprise cooperation. These enterprises try to seek common ground, integrate their supply chains and industrial terminals, and innovate through cooperation to improve competitiveness (Hanif, M. et al., 2017). Risk can be burdened among partners, thereby reducing the risk of enterprises in collaborative innovation. Besides, there may be new risks in innovation cooperation, affecting the Synergy effect (SE) of enterprises, reducing their performance and making it difficult for enterprises to give full play to their competitive advantages (Najafi-Tavani, S. et al. 2018). In dynamic environment, high-tech enterprises can use resource-based theory and Dynamic Capability (DC). Gradually, innovation activities will require more and more resources, and simple resource accumulation will be difficult to use for innovation, economic efficiency or risk reduction of collaborative innovation (Zhang, Z. et al. 2020). Therefore, the risk of collaborative innovation is of great significance to the intellectual property rights of enterprises. Risk may directly affect intellectual property rights or be adjusted by the stock exchange intermediaries.

Fan, Y. et al. (2020) believed that industrial parks, while driving the regional economy, posed a great threat to the natural environment due to large resource consumption and intensive pollutant emissions. Eco-industrial development, including cleaner production, biological products or waste exchange and infrastructure sharing, is the key to improve the environmental quality and sustainability of the industry park, which can improve the intellectual property (innovation performance) and competitive advantage of enterprises. In terms of the relationship between cooperative innovation and intellectual property rights, David et al (2021) pointed out that the internal interaction between subordinate members and independent members of cooperative enterprises had a positive impact on their “innovation performance”. Subordinate members are more involved in innovation construction than independent members. Internal social factors are important assets for effective innovation of cooperatives, and a new research path is established from an empirical perspective. Su et al. (2021) proved that under the knowledge economy, organizational risk could be avoided through network and cooperation, which could use social resources to improve the innovation ability and competitiveness of enterprises. While collaborative innovation can benefit both sides, there are potential risks, with instability as high as 30% ~ 50%. These potential risks may reduce enterprise performance and competitive advantage. At present, few scholars have studied the mediating effect of risk, especially the relationship between new collaborative innovation risk of industrial parks and enterprise intellectual property rights (Wang, C., & Hu, Q.2020). Therefore, the research on the relationship between collaborative innovation risk and intellectual property rights has important referencing value for understanding enterprise innovation and decision-making from the perspective of policy. As a conclusion, research aims to identify and analyze the risk factors in enterprise collaborative innovation, clarify the relationship between different risks and enterprise intellectual property, and reveal the influence mechanism of collaborative innovation risk on intellectual property.

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