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University-enterprise cooperation has experienced nearly 30 years of development in China, there are still a large number of failure cases in practice, and academic research often presents a unilateral situation of ‘enterprise-university’. This study starts with the bilateral matching between enterprises and universities, using data on invention patents jointly applied for by Chinese enterprises and universities from 2010 to 2020, discusses the influence of university-enterprise knowledge potential matching on the innovation performance of university-enterprise cooperation and the influence of university level and enterprise R&amp;D investment intensity on the innovation performance of university-enterprise cooperation when the knowledge potential difference is similar. The results show that: (1) knowledge potential matching has a significant effect on the innovation performance of university-enterprise cooperation: the smaller the knowledge potential difference, the higher the innovation performance; (2) with similar knowledge potential difference, the level of the university has no significant impact on the innovation performance, and the R&amp;D investment intensity of enterprises is positively correlated with the innovation performance of university-enterprise cooperation; (3) geographical proximity has a significant inverted U-shaped moderating effect on the relationship between knowledge potential matching and the innovation performance of university-enterprise cooperation.

technology analysis and strategic management

The relationship between knowledge potential matching and innovation performance of university-enterprise cooperation: the moderating effect of geographic proximity