In recent decades, firms have intensified the exploration of external sources of knowledge to enhance their innovation capabilities. This paper presents an empirical analysis of the factors that affect the importance of academic knowledge for firms’ innovation activities. An integrated approach that simultaneously considers country- and firm-level factors is adopted. Regarding the former factors, the analysis shows that the entrepreneurial orientation of university and the quality of academic research increase the importance of knowledge transfers from universities to firms. This suggests that the environmental and institutional context contributes to cross-national disparities in university-industry interactions and the effectiveness of knowledge transfer. In regard to the latter factors, the results indicate that firms oriented toward open search strategies and radical innovations are more likely to draw knowledge from universities. Furthermore, firms belonging to high technology sectors and firms with high absorptive capacity place greater value on the various links with universities. With respect to firm size, the estimates show an inverted U-shaped relation with the importance of universities as a source of knowledge.

University knowledge and firm innovation: evidence from European countries

BELLUCCI A;
2016-01-01

Abstract

In recent decades, firms have intensified the exploration of external sources of knowledge to enhance their innovation capabilities. This paper presents an empirical analysis of the factors that affect the importance of academic knowledge for firms’ innovation activities. An integrated approach that simultaneously considers country- and firm-level factors is adopted. Regarding the former factors, the analysis shows that the entrepreneurial orientation of university and the quality of academic research increase the importance of knowledge transfers from universities to firms. This suggests that the environmental and institutional context contributes to cross-national disparities in university-industry interactions and the effectiveness of knowledge transfer. In regard to the latter factors, the results indicate that firms oriented toward open search strategies and radical innovations are more likely to draw knowledge from universities. Furthermore, firms belonging to high technology sectors and firms with high absorptive capacity place greater value on the various links with universities. With respect to firm size, the estimates show an inverted U-shaped relation with the importance of universities as a source of knowledge.
2016
https://link.springer.com/article/10.1007/s10961-015-9408-9
Innovation; Knowledge transfer; Multilevel data; University entrepreneurial orientation; University-industry links
Bellucci, A; Pennacchio, L
File in questo prodotto:
File Dimensione Formato  
2016 - BP (2016) JTT - University knowledge and firms innovation. Evidence from European countries. (41) 730–752.pdf

non disponibili

Tipologia: Versione Editoriale (PDF)
Licenza: DRM non definito
Dimensione 340.5 kB
Formato Adobe PDF
340.5 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11383/2118406
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 78
  • ???jsp.display-item.citation.isi??? 68
social impact