TY - JOUR
T1 - Firms’ innovation and university cooperation. New evidence from a survey of Italian firms
AU - Bragoli, Daniela
AU - Cortelezzi, Flavia
AU - Rigon, Massimiliano
PY - 2022
Y1 - 2022
N2 - In this paper, we investigate whether cooperation with universities stimulates the
innovative performance of Italian firms. We use a dataset merging information from two
different surveys carried out by the Bank of Italy between 2007 and 2010. We derive our
findings from a two-stage procedure in order to rule out any spurious correlations resulting from omitted variables. The results show that cooperation with universities does not affect the likelihood of firms introducing technological innovations. However, when we distinguish between pure technological innovation outcomes (only new products and/or productive processes) and joint innovation outcomes, which involve both organizational and technological changes, we find that only the latter is positively stimulated by cooperation with universities. These findings are promising since, according to the innovation management literature, joint innovation activities are more successful in translating new ideas and new business opportunities into market success.
AB - In this paper, we investigate whether cooperation with universities stimulates the
innovative performance of Italian firms. We use a dataset merging information from two
different surveys carried out by the Bank of Italy between 2007 and 2010. We derive our
findings from a two-stage procedure in order to rule out any spurious correlations resulting from omitted variables. The results show that cooperation with universities does not affect the likelihood of firms introducing technological innovations. However, when we distinguish between pure technological innovation outcomes (only new products and/or productive processes) and joint innovation outcomes, which involve both organizational and technological changes, we find that only the latter is positively stimulated by cooperation with universities. These findings are promising since, according to the innovation management literature, joint innovation activities are more successful in translating new ideas and new business opportunities into market success.
KW - organizational innovation
KW - technological innovation
KW - university cooperation
KW - organizational innovation
KW - technological innovation
KW - university cooperation
UR - http://hdl.handle.net/10807/227974
U2 - 10.1093/oep/gpac048
DO - 10.1093/oep/gpac048
M3 - Article
SN - 0030-7653
SP - N/A-N/A
JO - Oxford Economic Papers
JF - Oxford Economic Papers
ER -