Which governance of university–industry interactions increases the value of industrial inventions?

Claudio Fassio, Aldo Geuna and Federica Rossi

Industrial and Corporate Change, 2019, vol. 28, issue 5, 1227-1256

Abstract: While evidence suggests that industry inventors’ interactions with universities enhance invention value, the role of interaction governance has so far been overlooked. Relying on an original survey of industry inventors of European patents based in Italy, we show that governance matters. Personal contractual collaborations between firms and individual academics lead to higher-value inventions than collaborations mediated by university institutions. The former enable more effective exploitation of academic knowledge, by facilitating its full transmission and integration into the firm’s knowledge base.

JEL-codes: O31 O32 O34 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (5)

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