What Makes Companies Pursue an Open Science Strategy?

Whereas recent scholarly research has provided many insights about universities engaging in commercial activities, there is still little empirical evidence regarding the opposite phenomenon of companies disseminating scientific knowledge. Our paper aims to fill this gap and explores the motivations of firms that disclose research outcomes in a scientific format. Besides considering a dimension internal to the firm, we focus particularly on knowledge sourcing from academic institutions and the appropriability regime. We conduct an econometric analysis with firm-level data from the fourth edition of the French innovation survey (CIS) and matched scientific publications for a sample of 2512 R&D performing firms from all manufacturing sectors. This analysis provides evidence that firms are more likely to adopt academic principles if they need to access scientific knowledge that is considered important for their innovation development, whereas the mere existence of collaborative links with academic institutions is not a strong determinant. Furthermore, the results suggest that the inclination of firms to publish is sensitive to the level of knowledge spillovers in a sector and the effectiveness of legal appropriation instruments.