nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2018‒01‒29
four papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Investment in knowledge-based capital and its impact on productivity By Siedschlag, Iulia; Lawless, Martina; Di Ubaldo, Mattia
  2. Knowledge Interactions in Regional Innovation Networks: Comparing Data Sources By Michael Fritsch; Mirko Titze; Matthias Piontek
  3. Regional Knowledge, Entrepreneurial Culture and Innovative Start-ups over Time and Space - An Empirical Investigation By Michael Fritsch; Michael Wyrwich
  4. Exploitation of Research Findings as a Source of Well-being By Kotiranta, Annu; Tahvanainen, Antti-Jussi

  1. By: Siedschlag, Iulia; Lawless, Martina; Di Ubaldo, Mattia
    Date: 2017
  2. By: Michael Fritsch (FSU Jena); Mirko Titze (Halle Institute for Economic Research (IWH), Germany); Matthias Piontek (Friedrich Schiller University Jena, Germany)
    Abstract: The value of social network analysis is critically dependent on the comprehensive and reliable identification of actors and their relationships. We compare regional knowledge networks based on different types of data sources, namely, co-patents, co-publications, and publicly subsidized collaborative R&D projects. Moreover, by combining these three data sources, we construct a multilayer network that provides a comprehensive picture of intraregional interactions. By comparing the networks based on the data sources, we address the problems of coverage and selection bias. We observe that using only one data source leads to a severe underestimation of regional knowledge interactions, especially those of private sector firms and independent researchers. The key role of universities that connect many regional actors is identified in all three types of data.
    Keywords: Knowledge interactions, social network analysis, regional innovation systems, data sources
    JEL: O30 R12 R30
    Date: 2018–01–08
  3. By: Michael Fritsch (FSU Jena); Michael Wyrwich (FSU Jena)
    Abstract: We investigate the role of entrepreneurship culture and the historical knowledge base of a region on current levels of new business formation in innovative industries. The analysis is for German regions and covers the time period 1907-2014. We find a pronounced positive relationship between high levels of historical self-employment in science-based industries and new business formation in innovative industries today. This long-term legacy effect of entrepreneurial tradition indicates the prevalence of a regional culture of entrepreneurship. Moreover, local presence and geographic proximity to a technical university founded before the year 1900 is positively related to the level of innovative start-ups more than a century later. The results show that a considerable part of the knowledge that constitutes an important source of entrepreneurial opportunities is deeply rooted in history. We draw conclusions for policy and for further research.
    Keywords: Innovative start-ups, universities, regional knowledge, regional cultures of entrepreneurship
    JEL: L26 L60 L80 O18 R12 R30
    Date: 2018–01–08
  4. By: Kotiranta, Annu; Tahvanainen, Antti-Jussi
    Abstract: In Finland, universities have the explicit mandate to support the transformation of high-quality knowledge into profitable business, as well as to promote the creation of new businesses and workplaces within the boundaries of their so-called third mission. This report looks at how Finnish universities perform in the task. The results point at a clear lack of dedicated resources. The underlying reason is systemic: performance is not linked to incentives in the form of public university funding. Currently, resources for the implementation of the third mission are largely obtained via competition from external sources, endangering the continuity of the technology transfer function and creating disincentives to invest in its development. The lack of incentives is echoed among researchers: Nearly half of the scientists who, according to their own view, have made economically valuable findings state they do not find the time to promote their exploitation. The report proposes several remedies: (1) the performance of universities in their third mission needs to be metered. (2) These metrics need to be linked to earmarked public university funding; (3) Individual-level metrics concerning the exploitation of their findings should encourage researchers and promote their academic careers. In order to support more rapid cultural change, universities could (4) recruit professors directly from the business world; and (5) set up cooperative, joint laboratories with industry in their respective strategic research areas.
    Keywords: Technology transfer, third mission, commercialization, university, higher education
    JEL: O31 O32 O33 O38 O43 O52 D02 I23 I25 I28
    Date: 2018–01–22

This nep-knm issue is ©2018 by Laura Ştefănescu. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.