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

Author

Listed:
  • Claudio Fassio
  • Aldo Geuna
  • Federica Rossi

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.

Suggested Citation

  • Claudio Fassio & Aldo Geuna & Federica Rossi, 2019. "Which governance of university–industry interactions increases the value of industrial inventions?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 28(5), pages 1227-1256.
    • Handle: RePEc:oup:indcch:v:28:y:2019:i:5:p:1227-1256.
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    File URL: http://hdl.handle.net/10.1093/icc/dty058
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    Cited by:

    1. Fassio, Claudio & Geuna, Aldo & Rossi, Federica, 2019. "International knowledge flows between industry inventors and universities: The role of multinational companies," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201917, University of Turin.
    2. Fassio, Claudio & Geuna, Aldo & Rossi, Federica, 2023. "‘How do firms reach out to foreign universities? Inventors’ personal characteristics and the multinational structure of firms’," Journal of World Business, Elsevier, vol. 58(3).

    More about this item

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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