R&D Cooperation Between Firms and Universities: Some Empirical Evidence from Belgian Manufacturing

Reinhilde Veugelers and Bruno Cassiman

No 3951, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This Paper presents an econometric analysis of firm and industry characteristics conducive to cooperation with universities, using Community Innovation Survey data for Belgium. We find that large firms are more likely to have cooperative agreements with universities. These agreements are formed whenever risk is not an important obstacle to innovation, and typically serve to share costs. Consistent with the open science paradigm, we find no evidence for the importance of the capacity to appropriate the returns from innovation for explaining cooperative agreements with universities. We do argue that cooperating with universities is complementary to other innovation activities such as performing own R&D, sourcing public information and cooperative agreements with suppliers and customers. Therefore, the decision to cooperate with universities cannot be analysed in isolation from the overall innovation strategy of the firm.

Keywords: Industry-science links; Cooperation with universities; Innovation strategy (search for similar items in EconPapers)
JEL-codes: L13 O32 O34 (search for similar items in EconPapers)
Date: 2003-06
New Economics Papers: this item is included in nep-ino
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Citations: View citations in EconPapers (16)

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Journal Article: R&D cooperation between firms and universities. Some empirical evidence from Belgian manufacturing (2005)
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