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Science linkages and innovation performance: An analysis on CIS-3 firms in Belgium

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Author Info
Cassiman, Bruno () (IESE Business School)
Veugelers, Reinhilde (Katholike Universiteit Leuven)
Zuniga, Pluvia (Katholike Universiteit Leuven)

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Abstract

This paper examines the diversity of linkages of firms to science and their effect on innovation performance for a sample of Belgian firms (CIS-3). While at the sectoral level links to science are highly related to the R&D intensity of the sector, we show that there is considerable heterogeneity in the type of links to science at the firm level. Overall, firms with a science linkage -which can be of various sorts- have superior innovation performance, in particular with respect to innovations new to the market. At the invention level, our findings confirm that patents from firms engaged in science are more frequently cited and have a broader technological and geographical impact, but we show that it is crucial to distinguish between direct science links at the invention level and indirect science links at the firm level to encounter these distinct positive effects of science links. Therefore, Science & Technology indicators should control for both invention-level and firm-level science links to really account for the effect of these industry-science links.

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Paper provided by IESE Business School in its series IESE Research Papers with number D/671.

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Length: 21 pages
Date of creation: 21 Jan 2007
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Handle: RePEc:ebg:iesewp:d-0671

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Related research
Keywords: Innovation; patents; forward citation; science; industrial innovation;

Find related papers by JEL classification:
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D
O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights

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This item is featured on the following reading lists:
  1. Socio-Economics of Innovation
References listed on IDEAS
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