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Fiona Murray. Ching, Kenny Hwee Seong Sloan School of Management. Sloan School of Management 2013-11-18T19:02:58Z 2013-11-18T19:02:58Z 2013 2013 http://hdl.handle.net/1721.1/82275 861189189 Thesis (S.M. in Management Research)--Massachusetts Institute of Technology, Sloan School of Management, 2013. Cataloged from PDF version of thesis. Includes bibliographical references (p. 40-43). This study examines the impact of local institutional arrangements on firm level spillover effects from universities. Specifically, I test the proposition of co-location with universities affecting firm performance, taking advantage of a major policy reform in China, to identify distinct university-influenced regions between 1998 and 2005. Together with a unique dataset from the National Bureau of Statistics of China, I find evidence, which suggests that relative to state-owned enterprises, domestic private firms in these regions experienced performance decline. Collectively, the results suggest that spillover effects from universities on industry are not unidirectional and uniform, and are specific to the unique institutional arrangements of each region and country. This finding raises some substantial welfare implications about the efficiency of public investments in universities when the benefits of such investments are offset by the institutional inefficiency of the state ownership. by Kenny Hwee Ching. S.M. in Management Research 43 p. eng Massachusetts Institute of Technology M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 Sloan School of Management. Who benefits from investment in universities? : institutions, university spillovers, and firm performance Thesis application/pdf false Publication unknown unknown <Publication xmlns="https://www.openaire.eu/cerif-profile/1.1/" id="91de690d-37ad-4c65-b80c-67585d08f4dd"> <Type xmlns="https://www.openaire.eu/cerif-profile/vocab/COAR_Publication_Types">http://purl.org/coar/resource_type/c_1843</Type> <Language>eng</Language> <Title>Who benefits from investment in universities? : institutions, university spillovers, and firm performance</Title> <PublishedIn> <Publication> </Publication> </PublishedIn> <PublicationDate>2013</PublicationDate> <Authors> <Author> <DisplayName>Ching, Kenny Hwee Seong</DisplayName> <Affiliation> <OrgUnit> </OrgUnit> </Affiliation> </Author> </Authors> <Editors> </Editors> <Publishers> <Publisher> <DisplayName>Massachusetts Institute of Technology</DisplayName> <OrgUnit /> </Publisher> </Publishers> <License>http://dspace.mit.edu/handle/1721.1/7582</License> <Keyword>Sloan School of Management.</Keyword> <Abstract>This study examines the impact of local institutional arrangements on firm level spillover effects from universities. Specifically, I test the proposition of co-location with universities affecting firm performance, taking advantage of a major policy reform in China, to identify distinct university-influenced regions between 1998 and 2005. Together with a unique dataset from the National Bureau of Statistics of China, I find evidence, which suggests that relative to state-owned enterprises, domestic private firms in these regions experienced performance decline. Collectively, the results suggest that spillover effects from universities on industry are not unidirectional and uniform, and are specific to the unique institutional arrangements of each region and country. This finding raises some substantial welfare implications about the efficiency of public investments in universities when the benefits of such investments are offset by the institutional inefficiency of the state ownership.</Abstract> <Access xmlns="http://purl.org/coar/access_right" > </Access> </Publication>