University-Industry Collaboration, Firm Performance and Stakeholder Theory

Imaduddin Abidin, Anita A. Rani, Mohd. Rashid Ab. Hamid, Yuserrie Zainuddin

Abstract


From the literature study it is obvious that university-industry collaborations (UIC) is generating interest in political, economic, and academic fields. Indeed, knowledge and technology are seen as a major source of long-term economic growth and technology transfer to the firm is critical and significant for firm performance. The purpose of this paper is to improve understanding on the importance of UIC concept and how it can create value to the firm especially in improving firm performance. The UIC will consider knowledge transfer and technology transfer activities from university to firm. This paper also seeks to engage how Stakeholder Theory can answer the question; what is the relationship between UIC concept and value creation, and what responsibility does firm have to university. This paper presents literature analysis concerning this research topic and explores mean of UIC, knowledge transfer, technology transfer, firm performance and stakeholder theory. There is evidence to support that knowledge transfer and technology transfer activities have an impact on firm performance. Theoretically, Stakeholder Theory can explain the relationship between UIC and value creation concept, and the responsibilities a firm has to a university. This finding may pave the way for firms to collaborate with university in order to achieve high performance.

Keywords


University-industry collaboration (UIC); knowledge transfer; technology transfer; stakeholder theory

Full Text:

VIEW PDF

References


Baaken, T. (2003). ‘Science Marketing’, in U. Kamenz (ed.) Applied Marketing: Anwendungsorientierte Marketingwissenschaft der deutschen Fachhochschulen, pp. 1051-66. Berlin: Springer-Verlag.

Bok, D. 2003. Universities in the Marketplace. The Commercialization of Higher Education. Princeton University Press, Princeton, NJ.

Cohen, W., R. Florida, and W.R. Goe, 1994, ‘University industry research centers in the United States,’ Unpublished paper, Carnegie Mellon University, Center for Economic Development, H. John Heinz III School of Public Policy and Management, Carnegie Mellon University, Pittsburgh, PA.

Dasgupta, P., David, P. (1994). Towards a new economics of science. Research Policy, 23, 487-521.

Debackere, K. (2004). Introduction. R&D Management, 34(1), 1-2.

Gibbons, M., C. Limoges, H. Nowotny, S. Schwartzman, P. Scott. 1994. The New Production of Knowledge. Sage, London.

Howitt, P. 2003. The economics of science and the future of universities. The Timlin Lecture, University of Saskatchewan.

Lai, W. (2011). Willingness-to-engage in technology transfer in industry – university collaborations. Journal of Business Research, 64(11), 1218–1223. doi:10.1016/j.jbusres.2011.06.026.

Lim, K., 2000. The many faces of absorptive capacity: Spillovers of copper interconnect technology for semiconductor chips. Mimeo. MIT.

Khaled, N. (2009), Speech by the Minister of Higher Education Malaysia to the Seminar on Enhancing Graduate Employability: Issues, Concerns and The Way Forward, Putrajaya, 21 July.

Mowery, D., D. J. Teece. 1996. Strategic alliances industrial research. Rosenbloom, Spencer, eds. Engines Innovation. Harvard Business School Press, Cambridge, MA. National Science Foundation. 2002. Sci. Engrg. Indicators. NSF, Arlington, VA.

Geiger, R. L. 2004. Knowledge and Money. Stanford University Press, Stanford, CA.Nelson, R. 2004. The market economy and the scientific commons. Research Policy, 33, 455-471.

Plewa, C., Quester, P. G. & Baaken, T. (2005), Relationship marketing and university-industry linkages: a conceptual framework. Marketing Theory, 5(4), 431-54.

Powell, W. W., Owen-Smith, J. (1998). Universities and the market for intellectual property in the life science. Journal of Policy Analysis Management, 17(2), 253-277.

R. A. Bettis and M. A. Hitt, “The new competitive landscape,” Strat. Manage. J., vol. 16, no. Summer Special, pp. 7–19, 1995.

Rosenberg, N. & Nelson, R. R. (1994). American universities and technical advance in industry. Research Policy, 23(3), 323-348.

Schofield, T. & Marketer, C. (n.d.). Critical Success Factors for Knowledge Transfer Collaborations between University and Industry in the Emerging Market Context Author ’ s ` Note, 1-14.

SMEs Division. (2002). Research and Innovation Issues in University - Industry Relations. Technology.

Yousuf, S. (2008). Intermediating knowledge exchange between universities and business. Research Policy, 37(8), 116-1174.

Veugelers, R., & Cassiman, B. (2005). R&D cooperation between firms and universities: Some empirical evidence from Belgium manufacturing. International Journal of Industrial Organisation 23, 355-379.


Refbacks

  • There are currently no refbacks.


ISSN: xxxx-xxxx