Consequences of Enterprises´ Cooperation within the Innovation Process - Case Study of the Czech Machinery Industry.

Abstract

Importance of knowledge spillovers is accompanied by the growing importance of cooperation in recent years. The question is the effectiveness of different types and subjects of cooperation. This article aims to analyze the impact of (i) the cooperation and participation in the group of companies; (ii) cooperation with universities; (iii) the provision of state aid; on overall firms' performance. Analysis was performed on data from Community Innovation Survey (CIS) carried out in the Czech Republic between the period 2010-2012 by using own multiple linear regression models. The results confirm the importance of cooperation between enterprises and the positive impact of participation of companies in the enterprise groups. Cooperation with universities and research organizations also has a positive impact on the performance of companies in the machinery industry in the Czech Republic. We also show that there were inefficient provisions of public aid in machinery industry in the Czech Republic.