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Academic knowledge quality differentials and the quality of firm innovation

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  • Kenneth Zahringer
  • Christos Kolympiris
  • Nicholas Kalaitzandonakes

Abstract

This article examines whether knowledge from academic research of varying quality can lead to differential quality innovation at the firm level via a knowledge spillover process—without the firm conducting the research and producing the knowledge but by using it as an external input to its innovation process. Based on econometric analysis of data reflecting patent activity of emerging entrepreneurial life sciences firms and thousands of academic publications, we find that higher-quality academic science associates with higher-quality industrial innovation. Importantly, we document that the degree that a given firm conducts basic science moderates this relationship. Our work develops a novel theoretical and empirical link between academic knowledge quality and industrial innovation and identifies the contingencies that allow this link to materialize.

Suggested Citation

  • Kenneth Zahringer & Christos Kolympiris & Nicholas Kalaitzandonakes, 2017. "Academic knowledge quality differentials and the quality of firm innovation," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(5), pages 821-844.
    • Handle: RePEc:oup:indcch:v:26:y:2017:i:5:p:821-844.
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    4. Mariia Ostapchuk & Claire Auplat & Pierre Boucard, 2023. "Economic Growth and Scientific Knowledge as Determinants of Innovation Uptake in a Situation of Uncertainty About Environmental or Health Risk," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1602-1634, June.
    5. Harm-Jan Steenhuis & Xin Fang & Tolga Ulusemre, 2020. "Global Diffusion of Innovation during the Fourth Industrial Revolution: The Case of Additive Manufacturing or 3D Printing," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 17(01), pages 1-34, February.
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    7. Felix Poege & Dietmar Harhoff & Fabian Gaessler & Stefano Baruffaldi, 2019. "Science Quality and the Value of Inventions," Papers 1903.05020, arXiv.org, revised Apr 2019.

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