The relationship between university research and firm innovation

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/236699

Title: The relationship between university research and firm innovation
Author(s): Roos, Goran; Pike, Stephen
Abstract: Innovation involves the successful value creating exploitation of new knowledge. Innovation should not be equated to invention; an invention may not necessarily lead to innovation. This distinction is made by Freeman (1982, p. 7), when he noted that: ‘an invention is an idea, a sketch or model for a new or improved device, product, process or system’ whereas ‘an innovation in the economic sense is accomplished only with the first commercial transaction involving the new product, process, system or device…’. Innovation can be given different meanings in different contexts. In the context of this chapter, innovation refers to anything that improves the economic performance of a firm.
Publication type: Book chapter
Source: Bridging the gap between academic accounting research and professional practice / Elaine Evans, Roger Burritt, and James Guthrie (eds.), Chapter 3, pp. 31-50
Publication year: 2011
Keyword(s): Firm innovation; Higher education; Innovation; Research; Universities
Publisher: Institute of Chartered Accountants in Australia
ISBN: 9781921245855, 1921245859
Publisher URL: http://www.charteredaccountants.com.au/News-Media/Reports-and-insights/Academic-leadership-series
Peer reviewed