IDEAS home Printed from
   My bibliography  Save this article

Estudio exploratorio sobre expectativas, gobernanza y rendimiento en las redes de investigación de Galicia




Las redes regionales de investigación tienen un papel destacado en la creación de conocimiento científico y en la innovación, actividades clave en la realidad económica moderna. Este artículo analiza las expectativas de los grupos de investigación y explora la incidencia de la gobernanza en el rendimiento de las redes de investigación mediante un análisis que incluye datos de once redes públicas de investigación, integradas por 83 grupos de investigación en Galicia. La investigación muestra que las redes satisfacen las expectativas de los grupos que en ellas participan, especialmente en términos de resultados, y que existe una serie de factores de gobernanza asociados positiva-mente al rendimiento. Entre las implicaciones derivadas de estos hallazgos destacan la necesidad de impulsar lazos fuertes entre los grupos de investigación en la red, la articulación de acuerdos de equidad y el establecimiento de mecanismos de evaluación en la red. Aunque también se identifican otros factores que influyen de forma negativa en el rendimiento de la red, fundamentalmente la excesiva centralidad y la intermediación de unos grupos de investigación sobre otros. Regional research networks have an important role in the creation of scientific knowledge and innovation, key activities in modern economic reality. This paper analyzes the expectations of re-search groups, and explores the impact of governance on performance research networks, through an analysis that includes data from 11 public research networks, comprising 83 research groups in Galicia. Research shows that networks fulfill the expectations of the participating groups, especially in terms of results, and also discover that governance factors are positively associated with performance. The findings highlight the need to promote strong ties among the research groups in the network, the development of equity arrangements, and the definition of network evaluation mechanisms. Furthermore other factors that negatively influence the network performance were identified, such as the excessive centralization and intermediation of some research groups.

Suggested Citation

  • Patricia Somorrostro López & José Cabanelas Omil & Pablo Cabanelas, 2014. "Estudio exploratorio sobre expectativas, gobernanza y rendimiento en las redes de investigación de Galicia," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 23(2), pages 157-176.
  • Handle: RePEc:sdo:regaec:v:23:y:2014:i:2_8

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Amado Peiro & Javier Quesada & Ezequiel Uriel, 1998. "Transmission of movements in stock markets," The European Journal of Finance, Taylor & Francis Journals, vol. 4(4), pages 331-343.
    2. Paulo Horta & Carlos Mendes & Isabel Vieira, 2008. "Contagion effects of the US Subprime Crisis on Developed Countries," CEFAGE-UE Working Papers 2008_08, University of Evora, CEFAGE-UE (Portugal).
    3. William N. Goetzmann & Lingfeng Li & K. Geert Rouwenhorst, 2005. "Long-Term Global Market Correlations," The Journal of Business, University of Chicago Press, vol. 78(1), pages 1-38, January.
    4. Longin, Francois & Solnik, Bruno, 1995. "Is the correlation in international equity returns constant: 1960-1990?," Journal of International Money and Finance, Elsevier, vol. 14(1), pages 3-26, February.
    5. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    6. Ozdemir, Zeynel Abidin & Cakan, Esin, 2007. "Non-linear dynamic linkages in the international stock markets," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 377(1), pages 173-180.
    7. Cristiana Tudor, 2011. "Changes in Stock Markets Interdependencies as a Result of the Global Financial Crisis: Empirical Investigation on the CEE Region," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(4), pages 525-543, December.
    8. Pindyck, Robert S & Rotemberg, Julio J, 1990. "The Excess Co-movement of Commodity Prices," Economic Journal, Royal Economic Society, vol. 100(403), pages 1173-1189, December.
    9. Agmon, Tamir, 1972. "The Relations Among Equity Markets: A Study of Share Price Co-Movements in the United States, United Kingdom, Germany and Japan," Journal of Finance, American Finance Association, vol. 27(4), pages 839-855, September.
    10. Koop, Gary & Pesaran, M. Hashem & Potter, Simon M., 1996. "Impulse response analysis in nonlinear multivariate models," Journal of Econometrics, Elsevier, vol. 74(1), pages 119-147, September.
    11. Kristin J. Forbes & Roberto Rigobon, 2002. "No Contagion, Only Interdependence: Measuring Stock Market Comovements," Journal of Finance, American Finance Association, vol. 57(5), pages 2223-2261, October.
    12. Geert Bekaert & Campbell R. Harvey & Christian Lundblad & Stephan Siegel, 2007. "Global Growth Opportunities and Market Integration," Journal of Finance, American Finance Association, vol. 62(3), pages 1081-1137, June.
    13. Danielle DiMartino & John V. Duca, 2007. "The rise and fall of subprime mortgages," Economic Letter, Federal Reserve Bank of Dallas, vol. 2(nov).
    14. Pesaran, H. Hashem & Shin, Yongcheol, 1998. "Generalized impulse response analysis in linear multivariate models," Economics Letters, Elsevier, vol. 58(1), pages 17-29, January.
    15. Branch, Ben, 1974. "Common Stock Performance and Inflation: An International Comparison," The Journal of Business, University of Chicago Press, vol. 47(1), pages 48-52, January.
    16. Eun, Cheol S. & Shim, Sangdal, 1989. "International Transmission of Stock Market Movements," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 24(02), pages 241-256, June.
    17. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    18. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    19. Sims, Christopher A, 1972. "Money, Income, and Causality," American Economic Review, American Economic Association, vol. 62(4), pages 540-552, September.
    20. Hassan, M. Kabir & Naka, Atsuyuki, 1996. "Short-run and long-run dynamic linkages among international stock markets," International Review of Economics & Finance, Elsevier, vol. 5(4), pages 387-405.
    21. Bertoneche, Marc L., 1979. "An empirical analysis of the interrelationships among equity markets under changing exchange rate systems," Journal of Banking & Finance, Elsevier, vol. 3(4), pages 397-405, December.
    Full references (including those not matched with items on IDEAS)


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sdo:regaec:v:23:y:2014:i:2_8. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Iglesias Casal). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.