University-industry collaboration: The impact of postdoctoral workstations on labor investment efficiency
This paper investigates whether managers use knowledge transferred from university-industry collaboration when making investment decisions on labor. To establish causality, we use a difference-in-difference method based on the staggered establishment of postdoctoral workstations in Chinese firms. We...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-10-01
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| Series: | Frontiers in Psychology |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.955935/full |
| _version_ | 1798019521905164288 |
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| author | Yiding Liu Kefu Yi Guanhua Huang |
| author_facet | Yiding Liu Kefu Yi Guanhua Huang |
| author_sort | Yiding Liu |
| collection | DOAJ |
| description | This paper investigates whether managers use knowledge transferred from university-industry collaboration when making investment decisions on labor. To establish causality, we use a difference-in-difference method based on the staggered establishment of postdoctoral workstations in Chinese firms. We find that postdoctoral workstations enable managers to improve labor investment efficiency and thus help mitigate over- and under-investment problems in labor, and the higher the operational quality of the workstation, the more significant the increase in investment efficiency. This finding is robust to utilizing the event study approach, placebo test, propensity score matching, instrumental variable, and entropy balancing. Brain gain and knowledge transfer effects between universities and industries are two plausible mechanisms. Furthermore, the main effect is more pronounced for firms located closer to prestigious universities, firms are non-state-owned enterprises, human-capital-intensive, have political connections, and without national fellows’ lead. Our findings suggest that brain gain in firms does not merely increase or reduce labor investments Per se, but rather inspires managers to maintain optimal labor levels through knowledge transfer processes. |
| first_indexed | 2024-04-11T16:42:08Z |
| format | Article |
| id | doaj.art-d541cf7ede3c4278ac8dcb321741c49d |
| institution | Directory Open Access Journal |
| issn | 1664-1078 |
| language | English |
| last_indexed | 2024-04-11T16:42:08Z |
| publishDate | 2022-10-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Psychology |
| spelling | doaj.art-d541cf7ede3c4278ac8dcb321741c49d2022-12-22T04:13:39ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-10-011310.3389/fpsyg.2022.955935955935University-industry collaboration: The impact of postdoctoral workstations on labor investment efficiencyYiding Liu0Kefu Yi1Guanhua Huang2Business School, University of International Business and Economics, Beijing, ChinaSchool of Economics and Management, Inner Mongolia University, Hohhot, ChinaBranch of Jiangxi, Agricultural Development Bank of China, Nanchang, ChinaThis paper investigates whether managers use knowledge transferred from university-industry collaboration when making investment decisions on labor. To establish causality, we use a difference-in-difference method based on the staggered establishment of postdoctoral workstations in Chinese firms. We find that postdoctoral workstations enable managers to improve labor investment efficiency and thus help mitigate over- and under-investment problems in labor, and the higher the operational quality of the workstation, the more significant the increase in investment efficiency. This finding is robust to utilizing the event study approach, placebo test, propensity score matching, instrumental variable, and entropy balancing. Brain gain and knowledge transfer effects between universities and industries are two plausible mechanisms. Furthermore, the main effect is more pronounced for firms located closer to prestigious universities, firms are non-state-owned enterprises, human-capital-intensive, have political connections, and without national fellows’ lead. Our findings suggest that brain gain in firms does not merely increase or reduce labor investments Per se, but rather inspires managers to maintain optimal labor levels through knowledge transfer processes.https://www.frontiersin.org/articles/10.3389/fpsyg.2022.955935/fulluniversity-industry collaborationpostdoctoral workstationlabor investment efficiencydifference-in-differencesoptimal labor level |
| spellingShingle | Yiding Liu Kefu Yi Guanhua Huang University-industry collaboration: The impact of postdoctoral workstations on labor investment efficiency Frontiers in Psychology university-industry collaboration postdoctoral workstation labor investment efficiency difference-in-differences optimal labor level |
| title | University-industry collaboration: The impact of postdoctoral workstations on labor investment efficiency |
| title_full | University-industry collaboration: The impact of postdoctoral workstations on labor investment efficiency |
| title_fullStr | University-industry collaboration: The impact of postdoctoral workstations on labor investment efficiency |
| title_full_unstemmed | University-industry collaboration: The impact of postdoctoral workstations on labor investment efficiency |
| title_short | University-industry collaboration: The impact of postdoctoral workstations on labor investment efficiency |
| title_sort | university industry collaboration the impact of postdoctoral workstations on labor investment efficiency |
| topic | university-industry collaboration postdoctoral workstation labor investment efficiency difference-in-differences optimal labor level |
| url | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.955935/full |
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