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...

Technology transfer-the process of sharing and disseminating knowledge, skills, scientific discoveries, production methods, and other innovations among universities, government agencies, private firms, and other institutions-is one of the major challenges of societies operating in the global...