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Determinants of industry-academy linkages and, their impact on firm performance: The case of Korea as a latecomer in knowledge industrialization

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  • Eom, Boo-Young
  • Lee, Keun
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Abstract

This paper utilizes the Korea Innovation Survey data to identify the determinants of industry-university and industry-government research institute (IUG) cooperation, and its impact on firm performance. First, we find that among the determinants of IUG cooperation, traditional firm characteristic variables of size and R&D intensity are not significant, while participation in national R&D project turns out be most significant and robust in both cooperation modes. This is in contrast to the results from the cases in European countries and reflects the significance of government policies in promoting IUG cooperation in latecomer economies. Second, with regard to the impact of IUG cooperation, we conspicuously find no significant impact on the innovation probability of firms when we control the possible endogeneity, such that already innovative firms would participate more at such cooperation modes. This implies that the IUG cooperation cannot guarantee the success of a firm in technological innovation. Rather, it may have an influence on the selection or direction of the research projects of a firm. When we limited the analysis to innovative firms, we do find a positive impact of the IUG cooperation on patents generated from new product innovation but find none in terms of volume of sales or labor productivity. These results seem to reflect the still transitional nature of the national innovation system (NIS) and knowledge industrialization in Korea.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 39 (2010)
Issue (Month): 5 (June)
Pages: 625-639

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Handle: RePEc:eee:respol:v:39:y:2010:i:5:p:625-639

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Web page: http://www.elsevier.com/locate/respol

Related research

Keywords: University-industry linkage (UIL) Knowledge industrialization; Technological innovation; NIS; Korea;

References

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Citations

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Cited by:
  1. Shimizu, Takashi & Park, Youngwon & Choi, SukBong, 2014. "Project managers and risk management: A comparative study between Japanese and Korean firms," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 437-447.
  2. Sharif, Naubahar & Huang, Can, 2012. "Innovation strategy, firm survival and relocation: The case of Hong Kong-owned manufacturing in Guangdong Province, China," Research Policy, Elsevier, vol. 41(1), pages 69-78.
  3. Tomohiro MACHIKITA & Yasushi UEKI, 2011. "Impacts of Incoming Knowledge on Product Innovation: Technology Transfer in Auto-related Industries in Developing Economies," Working Papers DP-2011-08, Economic Research Institute for ASEAN and East Asia (ERIA).
  4. Okamuro, Hiroyuki & Nishimura, Junichi, 2011. "Impact of University Intellectual Property Policy on the Performance of University-Industry Research Collaboration," CEI Working Paper Series 2011-1, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
  5. Paola Cardamone & Valeria Pupo & Fernanda Ricotta, 2014. "Assessing The Impact Of University Technology Transfer On Firms’ Innovation," Working Papers 201403, Università della Calabria, Dipartimento di Economia, Statistica e Finanza (Ex Dipartimento di Economia e Statistica).
  6. Gunnar Pippel, 2012. "The Impact of R&D Collaboration Networks on the Performance of Firms and Regions: A Meta-Analysis of the Evidence," IWH Discussion Papers 14, Halle Institute for Economic Research.
  7. De Fuentes, Claudia & Dutrénit, Gabriela, 2012. "Best channels of academia–industry interaction for long-term benefit," Research Policy, Elsevier, vol. 41(9), pages 1666-1682.

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