EconPapers    
Economics at your fingertips  
 

The Contribution of Academic Knowledge to the Value of Industry Inventions: Micro level evidence from patent inventors

Claudio Fassio (cfassio@luiss.it), Aldo Geuna and Federica Rossi

Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series from University of Turin

Abstract: There is little evidence on the specific characteristics of the process of university-industry knowledge transfer leading to the generation of valuable inventions. Using the results of an original survey of industry inventors of European patents, resident in the Italian region of Piedmont, we analyze what determines the value of inventions that have benefited from academic knowledge. We find that inventors with greater cognitive proximity to the university and higher patenting output are more likely to interact with universities and to benefit from u niversity knowledge. After controlling for the characteristics of firms and technologies, we find that it is the transfer of theoretical academic knowledge rather than solutions to more technical and specified problems that leads to more valuable inventions. We found some evidence that knowledge transfer processes involving direct personal collaboration between the company inventor and the university researcher (which are characterized by higher trust as a result of social network embeddedness) are conducive to relatively higher value inventions.

Pages: 45 pages
Date: 2014-07
New Economics Papers: this item is included in nep-cse, nep-eur, nep-ino, nep-ipr, nep-pr~, nep-knm, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.est.unito.it/do/home.pl/Download?doc=/a ... 14dip/wp_22_2014.pdf (application/pdf)

Related works:
Working Paper: The Contribution of Academic Knowledge to the Value of Industry Inventions: Micro level evidence from patent inventors (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uto:labeco:201408

Access Statistics for this paper

More papers in Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series from University of Turin Contact information at EDIRC.
Bibliographic data for series maintained by Laura Ballestra (biblio@liuc.it) and Cinzia Carlevaris (periodici.bobbio@unito.it).

 
Page updated 2025-03-22
Handle: RePEc:uto:labeco:201408