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Influence of university–firm governance on SMEs innovation and performance levels

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  • Garcia-Perez-de-Lema, Domingo
  • Madrid-Guijarro, Antonia
  • Martin, Dominique Philippe

Abstract

The purpose of this paper is to study how different university–firm governance styles impact SMEs' innovation and performance. In this sense, we differentiate between relational governance – based on interpersonal links of trust – and contractual governance — based on codified scientific and technological knowledge. The empirical analysis is based on data gathered through a questionnaire administered to a sample of 600 Spanish SMEs. The findings show that only contractual university–firm relationships have a direct and significant effect on innovation, whereas relational activities promote and support contractual activities. The findings have managerial implications not just for firms, but also for universities.

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  • Garcia-Perez-de-Lema, Domingo & Madrid-Guijarro, Antonia & Martin, Dominique Philippe, 2017. "Influence of university–firm governance on SMEs innovation and performance levels," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 250-261.
    • Handle: RePEc:eee:tefoso:v:123:y:2017:i:c:p:250-261
    DOI: 10.1016/j.techfore.2016.04.003
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