This paper proposes a theory for why firms conduct some research activities in-house while outsourcing other projects to independent partners, and for why firms retain different degrees of control over collaborative research projects. The focus in on the determinants of a company`s choice to...

It is generally claimed that universities provide the scientific basis for future technological progress. Still, empirical evidence of the impact of direct links between universities and firms remains weak and is often at least inconsistent. This paper aims at contributing to the literature by...

Extant literature on firm-university collaboration has emphasized two different strategies that firms in science based industries adopt in order to source scientific knowledge and expertise. On the one hand, firms engage in direct research collaborations with universities. On the other hand,...

The innovative economy is based on effective interaction between the scientific and educational sphere and the business environment, free flow of innovative ideas, and active commercialization of developments in order to constantly update and develop the domestic economy through new...