Handbook of Universities and Regional Development
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Handbook of Universities and Regional Development

Edited by Attila Varga and Katalin Erdős

The Handbook on Universities and Regional Development offers a comprehensive and up-to-date insight into how academic institutions spur their surroundings. The volume sheds light on universities as regional development actors from a historical perspective by introducing institutional changes and discussing the interrelatedness of society, business and academia. It provides detailed investigations on various knowledge transfer mechanisms to help understand the diverse ways through which ideas and intellectual property can flow between universities and businesses. Detailed case studies from three continents (Europe, Asia, and America) demonstrate the highly contextual nature of the interactions between academia, industry and government.
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Chapter 6: Connections between universities and industry in the United States: trusteeship before and after the great recession

Sheila Slaughter and Barrett J. Taylor

Abstract

In the US, trustees have linked universities to industry for at least a century. We extend existing research on this topic by exploring the ways in which “The Great Recession” reshaped trustee-mediated relationships between university and industry. We analyze university trustees’ ties to corporations at two elite universities, the University of Pittsburgh and the Massachusetts Institute of Technology (MIT), by considering the number and type of affiliations that trustees held before (2005), during (2010) and after (2015) the Recession. Findings suggest that trustees of both universities remained highly connected to firms even after the Recession. However, MIT’s position was far stronger than Pitt’s after the Recession, as indicated by total ties and by the types of firms to which trustees linked the two universities. This indicated that university governance in the US reflects not only economic conditions but also factors within the field of higher education such as institutional stratification.

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