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Firms' innovation and university cooperation. New evidence from a survey of Italian firms

Author

Listed:
  • Daniela Bragoli

    (Università Cattolica del Sacro Cuore - Milano)

  • Flavia Cortelezzi

    (Insubria University - Como)

  • Massimiliano Rigon

    (Bank of Italy)

Abstract

In this paper, we investigate whether the cooperation with universities may stimulate the innovative performance of Italian firms. We use a dataset merging information from two different surveys carried out by the Bank of Italy between 2007 and 2010. We derive our results using a two-stage procedure with the aim of ruling out spurious correlations due to the existence of omitted variables. Results show that the cooperation with universities does not affect the likelihood of firms introducing technological innovations. However, when we distinguish between pure technological innovation outcomes (only new products and/or productive processes) and joint innovation outcomes, which involve both organizational and technological changes, we find that only the latter is positively stimulated by the cooperation with universities. These findings are promising since, according to the innovation management literature, joint innovation activities are more successful in transferring new ideas and new business opportunities into market success.

Suggested Citation

  • Daniela Bragoli & Flavia Cortelezzi & Massimiliano Rigon, 2023. "Firms' innovation and university cooperation. New evidence from a survey of Italian firms," Temi di discussione (Economic working papers) 1400, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:wptemi:td_1400_23
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    Keywords

    university cooperation; technological innovation; organizational innovation; control function;
    All these keywords.

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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