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Gaining from interactions with universities: Multiple methods for nurturing absorptive capacity
Authors:Kate Bishop  Andy Neely
Institution:a National Institute of Economic and Social Research, London SW1P 3HE, UK
b INGENIO (CSIC-UPV), Institute of Knowledge and Innovation Management, Spanish Council for Scientific Research (CSIC)-Polytechnic University of Valencia (UPV), Ciudad Politécnica de la Innovación, Edif. 8E 4°, Camino de Vera s/n, 46 022 Valencia, Spain
c Institute for Manufacturing, Dept. of Engineering, University of Cambridge, Cambridge CB3 0FS, UK
Abstract:This paper examines the various methods through which firms benefit from interactions with universities, arguing that such benefits are instrumental in nurturing the multiple facets of a firm's absorptive capacity. We bring together data collected from a survey of UK firms that collaborated with universities, and firm-level data on past partnerships with universities. The results show that benefits from interactions with universities are multifaceted, including enhancement of the firm's explorative and exploitative capabilities. Results also indicate that firms’ R&D commitments, geographical proximity to and research quality of university partners have a distinct impact on the different types of benefits from interactions with universities. We find geographical proximity is crucial for assessing problem-solving as an important benefit, while interactions with top quality universities have a positive influence on the benefits associated with firms’ downstream activities. We discuss the implications of these findings for research and policy.
Keywords:O31  O32
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