Value creation in university-firm research collaborations: A matching approach
Article first published online: 21 DEC 2012
Copyright © 2012 John Wiley & Sons, Ltd.
Strategic Management Journal
Volume 34, Issue 6, pages 644–665, June 2013
How to Cite
Mindruta, D. (2013), Value creation in university-firm research collaborations: A matching approach. Strat. Mgmt. J., 34: 644–665. doi: 10.1002/smj.2036
- Issue published online: 15 APR 2013
- Article first published online: 21 DEC 2012
- Accepted manuscript online: 4 DEC 2012 12:54PM EST
- Manuscript Revised: 2 DEC 2012
- Manuscript Accepted: 24 FEB 2012
- Manuscript Received: 16 JUL 2009
- value creation;
- university–industry alliances
University-based technological opportunities are often exploited through joint corporate and academic entrepreneurship activities such as university–industry research collaborations. This paper explores the partner attributes that drive the matching of academic scientists and firms involved in these relationships. The paper models the formation of firm–faculty partnership as an endogenous selection process driven by synergy between partners' knowledge-creation capabilities. The main findings indicate that faculty–firm matching is multidimensional: firms and scientists complement each other in publishing capabilities but substitute each other in patenting skills. Furthermore, firms and scientists with specialized knowledge create more value by teaming with more knowledge-diversified partners. The paper contributes to the literature on university–industry knowledge transfer and, more generally, to the literature on alliance formation.