University industry links and product innovation: cooperate or contract?
The role of universities in product innovation has received considerable attention over the past decade. However, little is known about how the type of formal university-firm interaction predicts innovative performance and the degree of novelty of new products. This research differentiates two forms...
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| Lenguaje: | English |
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Universidad Alberto Hurtado. Facultad de Economía y Negocios
2017
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oai:scielo:S0718-272420170003000012017-11-15University industry links and product innovation: cooperate or contract?Vega-Jurado,JaiderKask,SeanManjarrés-Henriquez,Liney R&D cooperation R&D contracting innovation universities product novelty The role of universities in product innovation has received considerable attention over the past decade. However, little is known about how the type of formal university-firm interaction predicts innovative performance and the degree of novelty of new products. This research differentiates two forms of firm high-relational interaction with universities: R&D contracting and cooperation. We exploit the panel structure of a dataset of 5,858 Spanish manufacturing firms with fixed-effects models. The empirical analysis finds that, although both contracting and cooperation predict product innovative performance, the two activities differ in the degree of novelty of new product outcomes. The implications are that the codified nature and asymmetric scope of R&D contracting is more suitable for exploitative innovation, resulting in product innovation that is incremental in nature. On the other hand, the possibility to exchange and create tacit knowledge and the explorative nature of R&D cooperation provide firms with the opportunity to better access the broad knowledge base of universities, leading to product innovations with a higher degree of novelty.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.12 n.3 20172017-01-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242017000300001en10.4067/S0718-27242017000300001 |
| institution |
Scielo Chile |
| collection |
Scielo Chile |
| language |
English |
| topic |
R&D cooperation R&D contracting innovation universities product novelty |
| spellingShingle |
R&D cooperation R&D contracting innovation universities product novelty Vega-Jurado,Jaider Kask,Sean Manjarrés-Henriquez,Liney University industry links and product innovation: cooperate or contract? |
| description |
The role of universities in product innovation has received considerable attention over the past decade. However, little is known about how the type of formal university-firm interaction predicts innovative performance and the degree of novelty of new products. This research differentiates two forms of firm high-relational interaction with universities: R&D contracting and cooperation. We exploit the panel structure of a dataset of 5,858 Spanish manufacturing firms with fixed-effects models. The empirical analysis finds that, although both contracting and cooperation predict product innovative performance, the two activities differ in the degree of novelty of new product outcomes. The implications are that the codified nature and asymmetric scope of R&D contracting is more suitable for exploitative innovation, resulting in product innovation that is incremental in nature. On the other hand, the possibility to exchange and create tacit knowledge and the explorative nature of R&D cooperation provide firms with the opportunity to better access the broad knowledge base of universities, leading to product innovations with a higher degree of novelty. |
| author |
Vega-Jurado,Jaider Kask,Sean Manjarrés-Henriquez,Liney |
| author_facet |
Vega-Jurado,Jaider Kask,Sean Manjarrés-Henriquez,Liney |
| author_sort |
Vega-Jurado,Jaider |
| title |
University industry links and product innovation: cooperate or contract? |
| title_short |
University industry links and product innovation: cooperate or contract? |
| title_full |
University industry links and product innovation: cooperate or contract? |
| title_fullStr |
University industry links and product innovation: cooperate or contract? |
| title_full_unstemmed |
University industry links and product innovation: cooperate or contract? |
| title_sort |
university industry links and product innovation: cooperate or contract? |
| publisher |
Universidad Alberto Hurtado. Facultad de Economía y Negocios |
| publishDate |
2017 |
| url |
http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242017000300001 |
| work_keys_str_mv |
AT vegajuradojaider universityindustrylinksandproductinnovationcooperateorcontract AT kasksean universityindustrylinksandproductinnovationcooperateorcontract AT manjarreshenriquezliney universityindustrylinksandproductinnovationcooperateorcontract |
| _version_ |
1714203280826957824 |