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Influence of university–firm governance on SMEs innovation and performance levels
The purpose of this paper is to study how different university–firm governance styles impact SMEs' innovation and performance. In this sense, we differentiate between relational governance – based on interpersonal links of trust – and contractual governance — based on codified scientific and te...
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Published in: | Technological forecasting & social change 2017-10, Vol.123, p.250-261 |
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container_title | Technological forecasting & social change |
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creator | Garcia-Perez-de-Lema, Domingo Madrid-Guijarro, Antonia Martin, Dominique Philippe |
description | The purpose of this paper is to study how different university–firm governance styles impact SMEs' innovation and performance. In this sense, we differentiate between relational governance – based on interpersonal links of trust – and contractual governance — based on codified scientific and technological knowledge. The empirical analysis is based on data gathered through a questionnaire administered to a sample of 600 Spanish SMEs. The findings show that only contractual university–firm relationships have a direct and significant effect on innovation, whereas relational activities promote and support contractual activities. The findings have managerial implications not just for firms, but also for universities.
•How different university-firm governance styles impact SMEs' innovation?•We differentiate between relational governance and contractual governance.•Only contractual university-firm relationships have an impact on innovation.•Relational activities promote and support contractual activities. |
doi_str_mv | 10.1016/j.techfore.2016.04.003 |
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source | ScienceDirect Freedom Collection; Sociological Abstracts |
subjects | Academic achievement Business administration Channel of transfer Codification Colleges & universities Empirical analysis Governance Humanities and Social Sciences Innovation Innovations Scientific knowledge Small & medium sized enterprises-SME Small business SME Studies University |
title | Influence of university–firm governance on SMEs innovation and performance levels |
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