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Organizing links with science: Cooperate or contract?: A project-level analysis |
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| Authors: | Bruno Cassiman Maria Chiara Di Guardo Giovanni Valentini |
| Institution: | a IESE Business School, K.U. Leuven, and CEPR, Avenida Pearson, 21-08034 Barcelona, Spain b Faculty of Economics, University of Cagliari, Viale Fra Ignazio, 74-09123 Cagliari, Italy c Bocconi University, Via Roentgen, 1-20136 Milan, Italy |
| Abstract: | Links with science have been argued to improve the (innovation) performance of firms. Yet we still know comparatively little about the project-level characteristics affecting the organization of such links. Our study, based on a sample of 52 projects carried out by a multinational company in the semiconductor industry, reveals that the knowledge attributes of a project help in predicting how the R&D activities will be organized. In particular, basic projects are likely to be developed through formal cooperative agreements with universities. Such projects also tend to be strategically less important. For strategically more important projects, in contrast, and for those where the knowledge to be developed is particularly novel to the firm, the firm is more likely to resort to formal contracting with a university for a specific component of the R&D project, usually early on in the project. |
| Keywords: | R& D projects Industry-science links Organizing innovation |
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