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The Impact of the Third Sector of R&D on the Innovative Performance of Entrepreneurial Firms

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  • Albert Link

    (University of North Carolina at Greensboro, Department of Economics)

  • Cody Morris

    (University of North Carolina at Greensboro, Department of Economics)

  • Martijn van Hasselt

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

Entrepreneurial firms that rely on public research institutes, the third sector of R&D, are also firms that are more innovative in terms of introducing new or significantly improved goods or services to the market. This finding is based on an analysis of 4,004 knowledge-intensive entrepreneurial (KIE) firms located in ten European Union countries. We interpret our findings as suggestive evidence of the importance of policy makers continuing to support financially public research institutions.

Suggested Citation

  • Albert Link & Cody Morris & Martijn van Hasselt, 2020. "The Impact of the Third Sector of R&D on the Innovative Performance of Entrepreneurial Firms," UNCG Economics Working Papers 20-2, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2020_002
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    References listed on IDEAS

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    1. Tether, Bruce S. & Tajar, Abdelouahid, 2008. "Corrigendum to "Beyond industry-university links: Sourcing knowledge for innovation from consultants, private research organisations and the public science-base" [Res. Policy 37 (2008) 1079-," Research Policy, Elsevier, vol. 37(9), pages 1653-1654, October.
    2. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-596, September.
    3. Sara Amoroso & David B. Audretsch & Albert N. Link, 2018. "Sources of knowledge used by entrepreneurial firms in the European high-tech sector," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 8(1), pages 55-70, March.
    4. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    5. Beise, Marian & Stahl, Harald, 1999. "Public research and industrial innovations in Germany," Research Policy, Elsevier, vol. 28(4), pages 397-422, April.
    6. Cohen, Wesley M., 2010. "Fifty Years of Empirical Studies of Innovative Activity and Performance," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 129-213, Elsevier.
    7. Andrés Barge-Gil & Aurelia Modrego, 2011. "The impact of research and technology organizations on firm competitiveness. Measurement and determinants," The Journal of Technology Transfer, Springer, vol. 36(1), pages 61-83, February.
    8. Malerba, Franco & McKelvey, Maureen, 2019. "Impact: Knowledge-Intensive Innovative Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 14(6), pages 555-681, January.
    9. Tether, Bruce S. & Tajar, Abdelouahid, 2008. "Beyond industry-university links: Sourcing knowledge for innovation from consultants, private research organisations and the public science-base," Research Policy, Elsevier, vol. 37(6-7), pages 1079-1095, July.
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    Citations

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    Cited by:

    1. Bertello, Alberto & Battisti, Enrico & De Bernardi, Paola & Bresciani, Stefano, 2022. "An integrative framework of knowledge-intensive and sustainable entrepreneurship in entrepreneurial ecosystems," Journal of Business Research, Elsevier, vol. 142(C), pages 683-693.
    2. María García-Vega & Óscar Vicente-Chirivella, 2020. "The effect of technology transfers from public research institutes and universities on firm innovativeness," Discussion Papers 2020-10, University of Nottingham, GEP.
    3. Thomas H. W. Ziesemer, 2022. "Foreign R&D spillovers to the USA and strategic reactions," Applied Economics, Taylor & Francis Journals, vol. 54(37), pages 4274-4291, August.
    4. Maribel Guerrero & Albert N. Link, 2022. "Public support of innovative activity in small and large firms in Mexico," Small Business Economics, Springer, vol. 59(1), pages 413-422, June.
    5. Albert N. Link, 2021. "Investments in R&D and innovative behavior: an exploratory cross-country study," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 731-739, June.
    6. David B. Audretsch & Albert N. Link & Erik E. Lehmann, 2020. "Introduction: Entrepreneurship and Industrial Organization," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(3), pages 515-518, November.
    7. García-Vega, María & Vicente-Chirivella, Óscar, 2024. "The role of public external knowledge for firm innovativeness," International Journal of Industrial Organization, Elsevier, vol. 93(C).

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    More about this item

    Keywords

    Research institute; third sector of R&D; innovation; entrepreneurship; KIE firms;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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