Firms' innovation and university cooperation. New evidence from a survey of Italian firms

Daniela Bragoli (), Flavia Cortelezzi () and Massimiliano Rigon ()
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Daniela Bragoli: Università Cattolica del Sacro Cuore - Milano
Flavia Cortelezzi: Insubria University - Como
Massimiliano Rigon: Bank of Italy

No 1400, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: In this paper, we investigate whether the cooperation with universities may stimulate 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 results using a two-stage procedure with the aim of ruling out spurious correlations due to the existence of omitted variables. Results show that the 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 the cooperation with universities. These findings are promising since, according to the innovation management literature, joint innovation activities are more successful in transferring new ideas and new business opportunities into market success.

Keywords: university cooperation; technological innovation; organizational innovation; control function (search for similar items in EconPapers)
JEL-codes: C35 C36 O30 (search for similar items in EconPapers)
Date: 2023-02
New Economics Papers: this item is included in nep-cse, nep-edu, nep-eur, nep-ino, nep-knm, nep-sbm and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_1400_23

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