Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305811 
Year of Publication: 
2022
Citation: 
[Journal:] Eurasian Business Review [ISSN:] 2147-4281 [Volume:] 12 [Issue:] 1 [Publisher:] Springer International Publishing [Place:] Cham [Year:] 2022 [Pages:] 125-150
Publisher: 
Springer International Publishing, Cham
Abstract: 
This study investigates the impact of both university spillovers and firms' absorptive capacities on firms' financial performance, using a multilevel approach. Considering internal firm characteristics as well as external regional characteristics, our results clearly show that university spillovers do not have a per se stimulating effect. It is the interaction between firms' absorptive capacities and local university spillovers, which proves to have a positive and significant effect on firms' economic performance. We further find that there is an optimal level of absorptive capacities, implying that 'a more the better' logic does not apply. Our findings give impetus to a call for more comprehensive public policy strategies. Policy makers have to balance the support provided to knowledge producing regional actors such as universities as well as knowledge exploiting actors such as knowledge-based firms to leverage local resources and ultimately create economic value within regional innovation systems by enabling efficient technology transfer processes.
Subjects: 
Regional innovation systems
Absorptive capacity
Knowledge spillover
University spillover
Technology transfer
Firm performance
JEL: 
O31
O32
O38
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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