Knowledge Generation Managing at Universities

M.V Vlasov

doi:10.5901/mjss.2015.v6n1p453

Abstract

The present paper compares the dynamics of research output of universities, which is expressed quantitatively, with the dynamics of transaction funds spending. Transaction costs are found to determine research performance of universities in terms of publishing research papers, obtaining patents, and participation in conferences and exhibitions. The paper empirically verifies the hypothesis that the transaction rate of knowledge generation expressed as participation in exhibitions in directly proportional to the number of economic units established at universities with the purpose of promoting the application of research achievements. The transaction rate of knowledge generation in the form of conference presentations is shown to be directly proportional to the university contractual work per capita. DOI: 10.5901/mjss.2015.v6n1p453

Highlights

We are a witness to boosting the role of knowledge in economic activity virtually at all levels of economy
Given the above-mentioned, we introduced the transaction rate of knowledge generation – a quantitative parameter, which describes the increase of knowledge under the increase of transaction costs (Popov E.V., Vlasov M.V., 2013)
The study has empirically supported the hypothesis that the transaction rate of knowledge generation in the form of exhibit participation in exhibitions is proportional to the number of economic units established at Institutes to utilise the research developments

Summary

Introduction

We are a witness to boosting the role of knowledge in economic activity virtually at all levels of economy. This is primarily because the world is rapidly shifting to another development stage, the core of which is going to constitute the economy based on knowledge. A distinct feature of the latter is knowledge playing the crucial role, with its generation becoming an impetus for economic growth. The analysis of world universities allows one to conclude that all sorts of funding there serve the primary function of any university – to distribute knowledge in society. Anything hampering its realization is considered unwelcome, and any commercial activity beyond knowledge transfer is seen as a principal cause of conflict of interests. That is why the need to scrutinize university research performance poses the challenge of great research relevance

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Conclusion