This paper utilizes the Korea Innovation Survey data to find out the determinants of industry-university and industry-GRI (IUG) cooperation and its impact on firm performance. We find first that among determinants of IUG cooperation, traditional firm characteristics variables of sizes and R&D intensity are not significant at all, while the participation at the national R&D project turns out be most significant and robust in both cooperation modes. This is in quite contrast to the results from the cases of European countries, and reflects importantly the heavy weight of government policies in promoting the IUG cooperation in late-comer economies. Second, regarding the impacts of the IUG cooperation, we strikingly find no significant impact on the innovation probability of firms when we control the possible endogeneity such that already innovative firms might participate more at such cooperation modes. (The rest omitted)
An earlier version of this was presented at the IDRC workshop on the developmental universities held in Mexico city, September 2008. The authors would like to thank Eduardo Albuquerque, Gabriela Dutrenit; Richard R. Nelson, Patarapong Intarakumnerd, KJ Joseph, Rajah Rasiah and other participants for comments and mutual learning.