INTERACTION BETWEEN FIRMS AND KNOWLEDGE INSTITUTIONS

Abstract

In this chapter it is argued that firms that interact with knowledge institutions increase their potential for exploiting knowledge. This is especially the case if the firms have employees with an academic degree employed. These employees will contribute to absorptive capacity in the traditional sense but also to the formation of social capital. Due to prior basic knowledge and understanding to researchers and scientist, the process of recognizing, assimilating and applying new knowledge from these institutions will become easier and hence increase the likelihood of producing more radical innovations. The estimation of an ordered probit model including 1983 firms from the Danish manufacturing and service industry supports the hypothesis.

Citation

Lund Vinding, A. (2004), "INTERACTION BETWEEN FIRMS AND KNOWLEDGE INSTITUTIONS", Christensen, J.L. and Lundvall, B.-A. (Ed.) Product Inovation, Interactive Learning and Economic Performance (Research on Technological Innovation, Management and Policy, Vol. 8), Emerald Group Publishing Limited, Leeds, pp. 257-283. https://doi.org/10.1016/S0737-1071(04)08011-4