Author(s)

Shurong Li

School of Business Administration, South China University of Technology, Guangzhou, China.

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.

Science-Based Innovation, Technology-Based Innovation, Interaction, Innovation Performance, Pharmaceutical Industry

Li, S. (2017) Duality or Specialization: The Innovation Performance and the Interaction between Science-Based Innovation and Technology-Based Innovation. Open Journal of Business and Management, 5, 561-576. doi: 10.4236/ojbm.2017.54049.