The Triple Helix paradigm in Korea: A test for new forms of capital

The Triple Helix paradigm a construct addressing the research-based links between government, universities, and firms is lacking in formal tests. This study attempts to alleviate this deficiency by conducting an empirical analysis of the effects of relationship-based forms of capital, which has been identified by theorists as an attribute of Triple Helix-based R&D. OLS results utilising a unique dataset (KORTAI R&D) comprised of 108 questionnaire responses of Korean directors and project leaders reveal that new forms of capital are especially significant for firms and universities while less so for government research institutes (GRIs). The effects for universities, however, are delayed and indicate a spillover effect.