Knowledge exchange under asymmetric information in emerging economies: impact of signals from Indian universities
研究了印度大学如何通过公开的组织特征（如所有权结构、声誉和专利数量）作为信号，减少知识市场的信息不对称，促进校企知识交换合作。
Abstract Emerging and developing countries are characterized by severe information asymmetries in knowledge markets, which when combined with other institutional weaknesses, lead to very low levels of interactions between universities and industry. Using data from a sample of Indian universities, we identify university-specific publicly available organizational characteristics which, acting as “signals,” may reduce the information asymmetry problem and catalyze knowledge exchange (KE) partnerships. We find that strength of passive signals such as university ownership structure and reputation, and active ones such as volume of patents filed, impacts a university’s KE performance positively. The impact of each signal is very KE channel specific, and the magnitude of this impact is large. We also find that signal strength negatively moderates the direct linkage between research and KE, implying that signaling is more relevant for universities where there is greater separation of its research outputs and KE performance.