Influence of university–firm governance on SMEs innovation and performance levels

Domingo Garcia-Perez-De-Lema, Antonia Madrid-Guijarro and Dominique Philippe Martin ()
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Domingo Garcia-Perez-De-Lema: Business Valuation in Entrepreneurship Center - University of Cartagena, FAEDPYME, UPCT - Universidad Politécnica de Cartagena / Technical University of Cartagena
Antonia Madrid-Guijarro: UPCT - Universidad Politécnica de Cartagena / Technical University of Cartagena, FAEDPYME
Dominique Philippe Martin: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: 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: Channel of transfer; University; SME; Performance; Governance; Innovation (search for similar items in EconPapers)
Date: 2017-10
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Citations: View citations in EconPapers (16)

Published in Technological Forecasting and Social Change, 2017, 123, pp.250-261. ⟨10.1016/j.techfore.2016.04.003⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01354120

DOI: 10.1016/j.techfore.2016.04.003

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