Value Creation in University-Firm Research Collaborations: A Matching Approach

45 Pages Posted: 3 Mar 2009 Last revised: 12 Jun 2014

See all articles by Denisa Mindruta

Denisa Mindruta

HEC Paris - Strategy & Business Policy

Date Written: December 1, 2012


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.

Keywords: two-sided matching, value creation, complementarity, university-industry research alliances

Suggested Citation

Mindruta, Denisa, Value Creation in University-Firm Research Collaborations: A Matching Approach (December 1, 2012). Forthcoming, Strategic Management Journal. Available at SSRN: or

Denisa Mindruta (Contact Author)

HEC Paris - Strategy & Business Policy ( email )

Jouy-en-Josas Cedex, 78351

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