Performance management of public–private collaboration in innovation

Abstract

The open innovation literature has highlighted that more focus should be placed on non‐pecuniary sources such as public research institutes (PRIs) and their performance management (PM), while innovation network studies have highlighted the growing importance of universities and PRIs in public‐private research partnerships. Building on PM capability and portfolio management perspectives, this research aims is to examine the relationship between knowledge resources and collaboration outcome in such public‐private collaborations, and the mediating role of senior management team's (SMT) ability to govern project portfolio approval and management processes. Examining 153 innovation commercialization collaboration projects between PRIs and firms in Singapore, our study has made several significant contributions to the existing research on innovation and performance in public‐private partnership. First, we empirically demonstrate that there is a direct positive relationship between PRIs' knowledge resources and collaboration outcome. Second, our findings establish that the PRIs' SMT ability to govern project portfolio processes mediates this positive relationship. Third, this research highlights that the SMT ability to govern project portfolio processes fully mediates the conversion of market knowledge into innovation. Only partial mediation is observed in the case of technological knowledge, which directly creates value by virtue of generating discoveries or breakthroughs.

The Effect of Structured Feedback on Performance: the Role of Attitude and Perceived Usefulness

“…Our study extends the literature by demonstrating how students working on company projects outside traditional classroom learning perceive their company supervisor's structured feedback can affect the effectiveness of the PBL method. Specifically, feedback is helpful for students to identify and correct misunderstanding and errors, develop more practical and powerful strategies, and improve their self-regulation [43,44]. Thus, students' perceived usefulness of the feedback is necessary for improving their project performance.…”

Measurement of Innovation-Driven Development Performance of Large-Scale Environmental Protection Enterprises Investing in Public–Private Partnership Projects Based on the Hybrid Method

“…Adebayo et al [20] indicated that the consumption of renewable energy and technological innovation are beneficial to the environment. Therefore, it is necessary to study innovation performance of enterprise-investing PPP projects, and Cheah et al [21] have made some important contributions to the research of innovation and performance in public-private partnerships, which also provided reference for our study.…”

Mapping Studies on Sustainability in the Performance Measurement of Public-Private Partnership Projects: A Systematic Review

“…Globally, PPPs has aided in the construction of numerous projects such as schools, roads, light rail, hospitals, and shopping centres among others [7]. For instance, data from the European Investment Bank (EIB) has shown that 1765 public-private partnership (PPP) contracts were signed in the European Union (EU) from 1990 to 2016, representing a capital value of almost €356 billion [8]. Further evidence from the World Bank and national data shows the growing implementation of PPP to deliver public infrastructure in developing economies to bridge an infrastructural gap amounting to US$1−$1.5 trillion [9,10].…”