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Which firms have cooperative R&D agreements with universities? Some empirical evidence from Belgian manufacturing

  • Cassiman, Bruno

    ()

    (IESE Business School)

  • Veugelers, Rainhilde

    (Catholic University of Leuven)

This paper presents an econometric analysis of firm and industry characteristics conducive to cooperation with universities, using Community Innovation Survey (I) data for Belgium. We find that large firms are more likely to have cooperative agreements with universities. These agreements are formed whenever risk is not an important obstacle to innovation and typically serve to share costs. Consistent with the open science paradigm, we find no evidence for the importance of the capacity to appropriate the returns from innovation for explaining cooperative agreements with universities. We argue that cooperating with universities is complementary to other innovation activities such as performing own R&D, sourcing public information and cooperative agreements with suppliers and customers. Therefore, the decision to cooperate with universities cannot be analyzed in isolation from a firm's overall innovation strategy.

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Paper provided by IESE Business School in its series IESE Research Papers with number D/502.

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Length: 25 pages
Date of creation: 03 Apr 2003
Date of revision:
Handle: RePEc:ebg:iesewp:d-0502
Contact details of provider: Postal: IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN
Web page: http://www.iese.edu/

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