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Determinants of industry–academy linkages and, their impact on firm performance : The case of Korea as a latecomer in knowledge industrialization

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  • Determinants of industry–academy linkages and, their impact on firm performance
  • Eom, Boo-Young; Lee, Keun
  • Elsevier Ltd.


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Title Determinants of industry–academy linkages and, their impact on firm performance
Similar Titles
Sub Title

The case of Korea as a latecomer in knowledge industrialization

Material Type Articles
Author(English)

Eom, Boo-Young; Lee, Keun

Publisher

[London]:Elsevier Ltd.

Date 2009-04
Journal Title; Vol./Issue Research Policy:Vol. 39(issue. 5)
Pages 34
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology
Industry and Technology < Science/Technology
Holding Georgia Tech

Abstract

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. This implies that the IUG cooperation cannot guarantee a firm success in technological innovation; rather, it may have an influence on the selection or direction of the firm’s research projects. (The rest omitted)