Science Linkages and Innovation Performance: An Analysis on CIS-3 Firms in Belgium

21 Pages Posted: 24 Apr 2007

See all articles by Bruno Cassiman

Bruno Cassiman

IESE Business School; KU Leuven - Faculty of Business and Economics (FEB)

Reinhilde Veugelers

Catholic University of Leuven (KUL) - Department of Applied Economics; Centre for Economic Policy Research (CEPR)

Maria Pluvia Zuniga

Organization for Economic Co-Operation and Development (OECD); KU Leuven

Date Written: January 2007

Abstract

This paper examines the diversity of linkages of firms to science and their effect on innovation performance for a sample of Belgian firms (CIS-3). While at the sectoral level links to science are highly related to the R&D intensity of the sector, we show that there is considerable heterogeneity in the type of links to science at the firm level. Overall, firms with a science linkage - which can be of various sorts - have superior innovation performance, in particular with respect to innovations new to the market. At the invention level, our findings confirm that patents from firms engaged in science are more frequently cited and have a broader technological and geographical impact, but we show that it is crucial to distinguish between direct science links at the invention level and indirect science links at the firm level to encounter these distinct positive effects of science links. Therefore, Science & Technology indicators should control for both invention-level and firm-level science links to really account for the effect of these industry-science links.

Keywords: Innovation, patents, forward citation, science, industrial innovation

JEL Classification: 032, 034, L13

Suggested Citation

Cassiman, Bruno and Veugelers, Reinhilde and Zuniga, Maria Pluvia, Science Linkages and Innovation Performance: An Analysis on CIS-3 Firms in Belgium (January 2007). IESE Business School Working Paper No. 671. Available at SSRN: https://ssrn.com/abstract=982321 or http://dx.doi.org/10.2139/ssrn.982321

Bruno Cassiman (Contact Author)

IESE Business School ( email )

Avenida Pearson 21
Barcelona, 08034
Spain
+34 93 602 4426 (Phone)
+34 93 253 4343 (Fax)

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Reinhilde Veugelers

Catholic University of Leuven (KUL) - Department of Applied Economics ( email )

Leuven, B-3000
Belgium
+32 16 32 6908 (Phone)
+32 16 32 6732 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Maria Pluvia Zuniga

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

KU Leuven

Oude Markt 13
Leuven, Vlaams-Brabant 3000
Belgium

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