Investing in Localized Relationships with Universities: What are the Benefits for R&D Subsidiaries of Multinational Enterprises?
Maureen McKelvey and
Industry and Innovation, 2009, vol. 16, issue 1, 59-78
In spite of a long-standing interest in the distribution of knowledge spillovers from university research, there is only limited theoretical understanding of if and when opportunities to interact with a research university constitute a significant force of attraction for globally mobile investment in R&D. Based on an empirical investigation of the benefits of interaction with universities, this paper proposes an analytical framework and four ideal types of strategy for localised collaboration between R&D subsidiaries and universities. This taxonomy, which largely transcends industry sectors, and the illustrative cases presented in this paper provide insights into the potential scope for localised university-industry interaction from the perspective of multinational enterprises. By connecting the empirical results to the question whether these benefits are significant enough to enhance a region's attractiveness as a location for R&D, we are able to develop a better understanding of the alternative strategies for policymakers and university leaders interested in stimulating such linkages.
Keywords: Knowledge spillovers; multinational enterprises; university-industry interaction; localisation of R&D (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:taf:indinn:v:16:y:2009:i:1:p:59-78
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