University R&D activities and firm innovations

Xiaoying Li and Ying Tan

Finance Research Letters, 2020, vol. 37, issue C

Abstract: This paper combines firm R&D activities with local university R&D activities to investigate the spillover effect of universities on firm innovations. First, we find a positive relationship between universities’ total funding and firm innovations in the same city, which is evidence of positive spillovers from university R&D activities. Funding from the government has larger spillovers than funding from other channels. Second, firms’ internal R&D expenditure does not affect the extent to which they obtain spillovers from local university R&D activities. High-tech firms and firms from the main board generally gain larger spillovers from university R&D activities.

Keywords: Firm innovation; University spillovers; R&D funding (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:37:y:2020:i:c:s1544612319308165

DOI: 10.1016/j.frl.2019.101364

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