Will connectedness between urban areas foster cooperation?——The impact of urban agglomerations on open innovation

IF 3.1 3区经济学 Q1 ECONOMICS

Quarterly Review of Economics and Finance Pub Date : 2025-08-09 DOI:10.1016/j.qref.2025.102037

Xinzhu Wang , Mengmeng Pan

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Abstract

Enhancing collaboration among enterprises is crucial for fostering and achieving creative progress across the region and within the industry. Distributing resources and risks is an efficient approach to leverage external benefits that can offset a firm’s inherent deficiencies. This study investigates the impact of urban agglomerations on fostering open innovation among firms traded on China’s A-share markets from 2010 to 2021. Our findings reveal that urban agglomerations decrease the quantity of open innovation but enhance its quality. Mechanism analysis indicates that urban agglomerations improve the quality of open innovation by dismantling transportation barriers; however, urban agglomerations reduce open innovation quantity by promoting industrial concentration. This relationship between urban agglomerations and open innovation is pronounced in large firms. Our study also show that urban agglomerations cannot offset managerial myopia. For firms with limited information disclosure, urban agglomerations exert a positive influence on the quality of open innovation.

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城市互联互通是否会促进合作？——城市群对开放式创新的影响

加强企业之间的合作对于促进和实现整个区域和行业内的创造性进步至关重要。分配资源和风险是利用外部利益来抵消企业内在缺陷的有效方法。本研究考察了2010 - 2021年中国a股上市公司中城市群对开放式创新的促进作用。研究发现，城市群开放创新的数量在减少，质量在提高。机制分析表明，城市群通过拆除交通壁垒提高开放式创新质量；而城市群通过促进产业集中度降低了开放创新量。这种城市群与开放式创新之间的关系在大型企业中表现得尤为明显。我们的研究还表明，城市群不能抵消管理近视。对于信息披露有限的企业，城市群对开放式创新质量有正向影响。

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来源期刊

Quarterly Review of Economics and Finance ECONOMICS-

CiteScore

6.00

自引率

2.90%

发文量

118

期刊介绍： The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.