Why do academics engage with industry? 1087 0 obj <>stream 53(4), 495507. This paper aims to undertake a thematic review of academic papers on financial technology (FinTech) to identify three broad categories for the purpose of classifying extant literature. We only searched within English peer reviewed journal articles. Open Access This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. European Journal of Innovation Management, Additionally, we looked for research that confirmed the relevance of the factors we identified for academic engagement. Differences in goals are best managed by improved communication (Bjerregaard 2009; Plewa et al. 3). Organizational Dynamics, 2013). Aim: 18(1), 4469. 26(12), 163171. Academic engagement, after all, aims to develop novel knowledge that benefits the academic and industrial partner. Hadjimanolis, A. Cyert, R. M., & Goodman, P. S. (1997). 2014 Nov;22(2):16-22. doi: 10.7748/nr.22.2.16.e1272. Van Wijk, R., Jansen, J. J. P., & Lyles, M. A. Therefore, the following section describes our method in detail. 2015; Ulhi et al. Santoro, M. D., & Gopalakrishnan, S. (2001). ), Economic development through entrepreneurship: Government, university and business linkages. This paper continues with a methodological section that describes our review process. Researchers who consider using results from this paper should be aware of the fact, that the qualitative nature of most research papers we used in this review, the small samples in both case study and quantitative studies we reviewed, and the sample bias of the selected cases in these studies (discussing only one sector, one university or a single research collaboration) might influence the validity of results we discussed. While trust is used to express the reliability of a partner (Hansen 1999). Facilitators of knowledge transfer in universityindustry collaborations: A knowledge-based perspective. Get instant definitions for any word that hits you anywhere on the web. Mowery, D. C., & Shane, S. (2002). 2015; Ulhi et al. Third, we organized our literature in line with three themescognitive difference, institutional differences and social capital in a summarizing document that formed the basis for the analysis. 0000015879 00000 n Correspondence to 45(4), 830853. Bruneel, J., DEste, P., & Salter, A. Trust in UI collaboration is affected by two things. 0000122894 00000 n The https:// ensures that you are connecting to the Knowledge transfer practices are then defined as the activities that facilitate what is needed to bring knowledge into use in another organizations context, such as, teaching, the management of interactions and sharing data and technology. Therefore, tie strength improves trust (Al-Tabbaa and Ankrah 2016; Plewa et al. We also searched the period 19972001 to verify the findings by Perkmann et al. 2(2), 119133. This way they manage to secure industrial funding. Trust has been shown to influence knowledge transfer in research partnerships (Bruneel et al. Unable to load your collection due to an error, Unable to load your delegates due to an error. We also identified the most relevant factors and practices for the mitigation of these differences. 2013a, b). 2). Technological Forecasting and Social Change, Reduced ambiguity in return improves absorptive capacity and the understanding of the goals and needs of the partner. Sherwood, A. L., & Covin, J. G. (2008). Sangwan, V., , H., Prakash, P. and Singh, S. (2020), "Financial technology: a review of extant literature", Studies in Economics and Finance, Vol. This can lead to confusion when university partners have several senior researchers, and it is unclear who is in control (Barnes et al. 1 May 2023. The initial search strategy was to find papers discussing research partnership*, academic engagement or papers that combined scienc*, academi* or university with industry* or business, in combination with knowledge management, knowledge transfer or technology transfer. Collaboration experience with the specific partner also increases trust in that the partner will handle sensitive information carefully. Fear for a lack of common interests is reduced by building social capital, which includes, tie-strength, and collaboration experience with the particular partner (Pinheiro et al. Although partners expect to be informed, reports play a minor role in this and are usually only compiled at the end of each phase and perceived as archiving material (Chin et al. During the collaboration knowledge is best transferred through rich, meaningful, direct and bilateral interaction, especially when tacit knowledge is involved. 2013b). 104, 115. Interorganizational collaboration and the locus of innovation: Networks of learning in biotechnology. Question: After you have determined what sources to include in your literature review to assess employee contributions in the workplace, you must now compile your review and reflect on the implications of all that you have read in the extant literature and how that applies to your research. This helps to integrate the results of the research (McCabe et al. Ancient literature comprises religious and scientific documents, tales, poetry and plays, royal edicts and declarations, and other forms of writing that were recorded on a variety of media, including stone, clay tablets, papyri, palm leaves, and metal. 2014). To what extent might the strengths, weaknesses, limitations, and delimitations 56, 8696. Corley, E. A., Boardman, P. C., & Bozeman, B. Balancing diversity in innovation networks: Trading zones in universityindustry R&D collaboration. International Journal of Entrepreneurship and Innovation, This is also confirmed by the papers in our review, which show a very informal management style, based on high levels of trust. 24(12), 939953. Ulhi et al. Frequent meetings in the initiation stage also help to merge goals, keep them aligned and increase trust (Plewa et al. The second line of research, applicability of knowledge, is highly dependent on goal similarity of the partners. From the Cambridge English Corpus Science and Engineering Ethics, 35(7), 975993. FOIA Using a synthesised technique for grounded theory in nursing research. In total we found about 890 unique papers. fDdo|xTh}:D6zmH 1}&s'n&7KQk je&z92]\p[b|2 @P[CtHT 2011; Morandi 2013; Ulhi et al. Research Policy, The use of prototypes to show underlying relations can help to manage ambiguity. Ghauri, P., & Rosendo-Rios, V. (2016). 2002; Bjerregaard 2009; Sandberg et al. Consequently, it is difficult to argue that our research question - which focuses on the impact of an auditor's non-GAAP expertise - has already been explored. Little attention has been paid to the practices required to build trust or the effect of trust on knowledge transfer specifically. 2013). Research Policy, Because similarity in knowledge background is so important for absorptive capacity, we recommend that this is taken into account in partner selection. Jbqv+ ;:ab The role of relational trust in banksmall firm relationships. 2010; Davenport et al. Pappas, I. O., Krogstie, J., & Giannakos, M. (2018). Expectation management about what can be achieved in the available time and when results can be expected is also important to keep industrial partners satisfied (Azevedo Ferreira and Rezende Ramos 2015; Barnes et al. 12(2), 161176. Beyond unidirectional knowledge transfer: An empirical study of trust-based universityindustry research and technology collaboration. [George] Lucas' brain teemed with plots and characters, exotic creatures, worlds to be spun out of the words and sketches in his notebooks. We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly. https://www.definitions.net/definition/extant+literature. Communication is an important facilitator to improve absorptive capacity. Measuring Business Excellence, The use of project plans that outline goals and outcomes could facilitate this (Canhoto et al. 2003). These differences can be handled through publication management and upfront arrangement of IP (intellectual property) rights (Azevedo Ferreira and Rezende Ramos 2015). Universityindustry linkage evolution: An empirical investigation of relational success factors. Cohen, W. M. (2002). The outset of UI R&D relationships: The specific case of biological sciences. 0000016479 00000 n This paper aims to undertake a thematic review of academic papers on financial technology (FinTech) to identify three broad categories for the purpose of classifying extant literature. The use of prototypes and working in the facilities of the industrial partner helps to integrate knowledge and learn about implementation challenges (Daghfous 2004; Gertner et al. Making universityindustry technological partnerships work: A case study in the Brazilian oil innovation system. They provide a space for deliberation and feedback which increases the comprehension of results (McCabe et al. Perkmann, M., & Walsh, K. (2007). Regular contact during the collaboration is important to ensure that goals remain aligned (Buganza et al. The fascinating story behind many people's favori Test your vocabulary with our 10-question quiz! Based on extant definitions, we develop a conceptual definition of DT as "a process that aims to improve an entity by triggering . Hansen, M. T. (1999). The term research generated results for a broad range of terms used to indicate collaborations such as joint research, collaborative research, contract research and so on. Inter- and intra-organizational knowledge transfer: A meta-analytic review and assessment of its antecedents and consequences. 31(4), 477492. 2015; Sandberg et al. effects of faculty quality on university engagement with industry. 0000122316 00000 n The paper suggests that a thorough impact of FinTech on various stakeholders can be understood using three dimensions, namely, consumers, market players and regulatory front. R&D Management, 2016; Mesny and Mailhot 2007; Plewa et al. 555 Broadway, Dobbs Ferry, NY 10522. First, we prepared a table which summarized the research questions and answers. We found 35 papers that discussed relevant insights into knowledge transfer after applying the inclusion and exclusion criteria (for an overview of the papers see Table1). Communication practices on the other hand are very important for the quality of knowledge sharing. 41(4), 464476. (2015). 2001; Philbin 2008; Plewa et al. Novice researchers considering grounded theory methodology will become aware of the contentious issue of how and when extant literature should be incorporated into a study. In this review we discuss which theoretical frames could deepen our understanding of universityindustry (UI) knowledge transfer, identify barriers and facilitators of knowledge transfer and use a practices perspective to identify ways to deal with these barriers. In our analysis we identified a number of barriers to successful knowledge transfer in academic engagement. An official website of the United States government. In S. Shane (Ed. ; Exercises involving eccentric muscle contractions of the quadriceps on a decline board are strongly supported by extant literature. 2012; Wang and Lu 2007) or (Ph.D.) students that do part of their research at the firm (Gertner et al. This study combined results from 75 papers on knowledge transfer to re-evaluate previous quantitative findings from inter- and intra-organizational studies. Use of the literature review to plan and conduct a study requires that you critically Use the Previous and Next buttons to navigate the slides or the slide controller buttons at the end to navigate through each slide. L0dR'QL')t4V3Le*WM ?ESAPbY{OslJ>=X_^y9|>akE%Xm|Q{7nJYwY?,I4Sv-R~,gt]31)qSEi_\WazUX@8Y[,jlLc_D|,U*2Tz1F2ac?z~]UU=*|V=&t+~j!kw[Hk) Discussion: A good understanding of a partners needs helps to take these needs into account, also when novel directions are pursued, while open communication raises understanding. If they are regularly updated they help to keep goals and research work aligned. Accessibility Links and impacts: The influence of public research on industrial R D. Management Science, 2015; Sandberg et al. 0000175131 00000 n When there are large differences between organizational cultures, it is more likely that organizations have different research goals and possibly also different knowledge backgrounds. 14(10), 641655. Definitions.net. Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. We found that research into knowledge transfer in academic engagement is dispersed. In a CA, authors examine the main concepts, ideas and relationships of an issue presented by the extant literature, provide a critique, and in several cases, offer research propositions or a framework for future analysis. Hagedoorn, J., Link, A. N., & Vonortas, N. S. (2000). Galan-Muros, V., & Plewa, C. (2016). The factors relating to cognitive differences are ambiguity and absorptive capacity. Project management methodology for universityindustry collaborative projects. A second difficulty of the literature review process stems from the fact that it is not a linear process (Onwuegbuzie & Frels, 2016). hbbd``b` S` bH"VU H0qGk^L,[AF10C{@ $ Organization Science, Specifically, to understand where 2016; Wang and Lu 2007). Different goals are also seen as an obstacle to build trust (Davenport et al. Knowledge that has these characteristics is hard to identify, understand and transfer (ibid.). It is an aggregated term for various knowledge characteristics of which the tacit nature (Polanyi 1966), complexity and the limited possibilities for specification (Simonin 1999) are the most important. We also found that especially qualitative research can benefit from a better theoretical bedding for its analysis in order to provide better funded insights in the mechanisms behind success and fail factors of academic engagement. 2014), training (Alexander and Childe 2013; Azevedo Ferreira and Rezende Ramos 2015; Daghfous 2004; Gertner et al. financial industry, innovation/technology and law/regulation. %%EOF The term cultural differences is used to indicate a lack of shared meaning and social conventions (Tsai and Ghoshal 1998). We used the following steps and criteria (see Fig. 0000174773 00000 n Agrawal, A. K. (2001). The main problem was that there is little consistency in the terminology used to describe research partnerships/academic engagement and knowledge transfer. 19(5), 461477. Such knowledge is often transferred through contractual agreements, like patents (Alexander and Childe 2013; Sandberg et al. Perkmann, M., King, Z., & Pavelin, S. (2011). 2002; Chin et al. At the same time strict conflict of interest policies are in place to prevent conflicts of interests. @L>SG|Ah]tKVss-_ N Chin, C. M. M., Yap, E. H., & Spowage, A. C. (2011). In practice, the role of the industrial partner in data analysis and theory development is limited, even in deep collaborations. 2016; Sandberg et al. Michael T. Compton . Tacit knowledge transfer requires interaction to develop competence (Johnson and Johnston 2004) and more direct collaboration (Alexander and Childe 2013; Azevedo Ferreira and Rezende Ramos 2015; Daghfous 2004; Gertner et al. This requires clarifying communication channels, providing and updating project plans and punctuality from academics (Barnes et al. We aim to contribute to the theoretical development in the field of academic engagement and propose that knowledge transfer provides a valuable perspective. We propose that research into academic engagement can build on theory on knowledge transfer to fill this gap. If you think you should have access to this content, click to contact our support team. Therefore, tacit knowledge is best transferred through academic engagement, instead of patenting or licensing, as it includes more personal interaction. 2013a). 2016). Extant literature can be divided into extant original manuscripts, copies of original manuscripts, quotations and paraphrases of passages of non-extant texts contained in other works, translations of non-extant texts into other languages, or, more recently, photocopies or digital copies of texts. We searched in: titles, keywords and abstracts using the terms: Universitybusiness, universityindustry academic engagement and research partnership (other terms for university such as Academ* and Higher Education science did not yield additional results), combined with one of the terms collaborat*, cooperation*, partnership*, engage*, relation* research alliance*. extant definition: 1. used to refer to something very old that is still existing: 2. used to refer to something very. Steinmo (2015), on the other hand, found that cognitive capital can be developed over time at the organizational level. In the end we identified relevant papers in 26 different journals. l0+rylfStZ"^34 k| (2008) identified absorptive capacity and ambiguity as important factors. . (2010) found that experience and academic convergence reduces differences. RayyanA web and mobile app for systematic reviews. The Journal of Technology Transfer, University-to-industry knowledge transfer: Literature review and unanswered questions. 2015; Steinmo 2015; Wallin et al. 5(1), 1437. Organization Studies, Learn more. International Journal of Innovation Management, Studies that particularly studied cognitive difference in relation to knowledge transfer are contradictory about the effect of experience. In the same study, tacitness and explicitness (related to knowledge ambiguity) moderated knowledge transfer negatively. The extant research demonstrates that para-lawyers can be as effective as lawyers in providing specific legal services. Nonaka, I. 2013a; Pinheiro et al. Collaboration for innovation: A case study on how social capital mitigates collaborative challenges in universityindustry research alliances. In relation to cognitive differences there seems to be agreement that secondment, employee exchange and hiring graduates are important ways to (bi-directionally) transfer the tacit aspects of knowledge and that Master and PhD students can play a particularly important role in this (Gertner et al. Secondly, the literature that focusses on knowledge transfer and management of such collaborations is scarce. The need to go through the whole knowledge cycle in both phases distinguishes collaborative research from other learning processes. 2007; Wang and Lu 2007). Industry and Innovation, (2008) provided an interesting starting point for a more focused analysis, and integration of concepts. Since 2006 research into academic engagement is increasing (Perkmann et al. The paper concludes with translating these insights into an analytical framework and research agenda. 1). Bookshelf 35(1), 128152. Mostly because it helps to see connections between different aspects of knowledge and this is an important way to reduce ambiguity. IEEE Transactions On Engineering Management, endstream endobj 1066 0 obj <>stream Our search terms were based on previous reviews by Ankrah and AL-Tabbaa (2015) and Perkmann et al. This discrepancy is partly explained by McCabe et al. To save this word, you'll need to log in. Shane, S. (2005). Innovation: A knowledge transfer perspective. Journal of Product Innovation Management, A systematic review of the literature, The multi-level process of trust and learning in universityindustry innovation collaborations, Energizing collaborative industry-academia learning: a present case and future visions, Academic engagement with industry: the role of research quality and experience. The majority of the papers focuses on development and transfer of knowledge by the academic partner. 2010;17(4):8-17. doi: 10.7748/nr2010. Mercy College New York. Knowledge transfer in universityindustry research partnerships: a review. Shared goals are needed to reach a common understanding of the desired output and the interpretation of results (Tsai and Ghoshal 1998). 2013b). 0000000016 00000 n 0 Among other methods, literature reviews are essential for: (a) identifying what has been written on a subject or topic; (b) determining the extent to which a specific research area reveals any interpretable trends or patterns; (c) aggregating empirical findings related to a narrow research question to support evidence-based practice; (d) However, there is a need for more insight into the firms perspective on the involvement of students and Ph.D.s in research partnerships (Thune 2009), as most research discusses the academic perspective only. Minerva, 47(1), 93114. Even though the literature review typically precedes the primary research study in most instances, it is very common for research to oscillate between the primary research study and the extant information. (2013). Knowledge that can be made explicit can be transferred through prototypes, formulas or manuals. 21(1), 6986. National Library of Medicine 2010; Plewa et al. 19(1), 3140. The second important factor that influences knowledge absorption, is differences in knowledge background, referred to as cognitive and epistemic difference. endstream endobj 1067 0 obj <>stream Industry and academia in convergence: Micro-institutional dimensions of R&D collaboration. The capability of firms to absorb new knowledge depends on the shared knowledge base of the academics and the firm employees. The process of doing a research proposal involves critical analysis of the extant literature in order to map out what is already known about the topic and to identify the gaps in knowledge (McGhee, Marland, & Atkinson, 2007; Dunne, 2011). Institutional factors are cultural differences and shared goals. Knowledge interactions between universities and industry in Austria: Sectoral patterns and determinants. European Journal of Innovation Management, We locate extant data through the use of contextual positioning as we ascribe to a view that context is inherent to analysis. Keywords: This could be due to a difference in focus, as Ankrah and AL-Tabbaa (2015) focus on negotiations in the pre-collaboration phase and their data included many results related to academic entrepreneurship, while the papers we analysed focus on the execution of the project and research partnerships. Zhu, F., & Hawk, S. (2015). Universityindustry relationships and open innovation: Towards a research agenda. MeSH As explained in Templier and Par (2015), there are six generic steps involved in conducting a review article: formulating the research question(s) and objective(s), searching the extant literature, screening for inclusion, assessing the quality of primary studies, extracting data, and . 163 33 They sketch a much more dynamic exchange process, in which the industrial application of research outcomes directly influences academic research. Web. Ulhi, J., Neergaard, H., & Bjerregaard, T. (2012). 8600 Rockville Pike 0000150299 00000 n Although university income from academic engagement outranks income derived from selling intellectual property (IP) (Perkmann et al. Barnes, T., Pashby, I., & Gibbons, A. 22(7), 597624. McCabe, A., Parker, R., & Cox, S. (2016). These forms of interaction have been referred to as academic engagement or academic partnership (Perkmann et al. de Wit-de Vries, E., Dolfsma, W.A., van der Windt, H.J. 2014; Wang and Lu 2007). The paucity of extant data in GT studies is of concern as is the dearth of literature on methods of preparing extant data for analysis in GT studies. The PubMed wordmark and PubMed logo are registered trademarks of the U.S. Department of Health and Human Services (HHS). Tsai, W., & Ghoshal, S. (1998). Bjerregaard (2010) and Bruneel et al. ole miss admissions status, what mods does clare siobhan use in sims 4,
What Is Joint Relative Frequency, Teknoparrot Games Roms, Our Florida Application Status 2c, Randy Scruggs Biography, Things To Do In Cambridge, Ohio, Articles E