Does Chinese Ownership Policy of Sci‐Tech Achievements Promote the University Technology Transfer Efficiency?

ABSTRACT With scholars paying increasing attention to the effects of ownership policy of sci‐tech achievements, further discussion on the nexus between the ownership policy and the university technology transfer (UTT) efficiency is particularly useful for improving UTT system. Accordingly, this paper investigates the impact mechanism of Chinese ownership policy of sci‐tech achievements on UTT efficiency using the regression models based on the OLS method and Tobit model. By proposing a comprehensive evaluation index, this paper quantifies the ownership policy of sci‐tech achievements by using the ownership policy system construction capability of sci‐tech achievements (PSCC) in 30 provinces. A dynamic two‐stage data envelopment analysis model with considering ownership policy heterogeneity is constructed to assess and analyse the UTT efficiency. We find that regardless of the overall system and sub‐stages, the efficiency of leading areas classified by PSCC tends to be higher than that of other areas. Among policy support dimensions, element support level exerts a significantly positive impact on UTT efficiency and its sub‐stage efficiencies, serving as the core driving factor, while subject support level has no significant effect.