Influence of university–firm governance on SMEs innovation and performance levels
Antonia Madrid-Guijarro and
Dominique Philippe Martin
Technological Forecasting and Social Change, 2017, vol. 123, issue C, 250-261
The purpose of this paper is to study how different university–firm governance styles impact SMEs' innovation and performance. In this sense, we differentiate between relational governance – based on interpersonal links of trust – and contractual governance — based on codified scientific and technological knowledge. The empirical analysis is based on data gathered through a questionnaire administered to a sample of 600 Spanish SMEs. The findings show that only contractual university–firm relationships have a direct and significant effect on innovation, whereas relational activities promote and support contractual activities. The findings have managerial implications not just for firms, but also for universities.
Keywords: SME; University; Channel of transfer; Governance; Innovation; Performance (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:123:y:2017:i:c:p:250-261
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