The relationship between corporate environmental performance and corporate financial performance has been extensively studied in developed countries, and has received less attention in developing countries. For this reason, the main objective of this paper is to examine the effect of corporate environmental performance on corporate financial performance during a global financial crisis, depending on the economic development level of the country where a firm is located. To this end, we obtain data for a sample of 2982 large firms from 2008 to 2015. We apply Petersen’s approach to these data, adjusting the standard errors for clustering by both firm and year. The results obtained show that the adoption of environmental practices significantly and positively affects the corporate financial performance in developed and developing countries. However, this effect is stronger for firms located in developing countries than those located in developed countries.

Beside education and research, universities are increasingly recognised as important actors in innovation and regional development. At the same time, in a globalised context, internationalisation and quality of education and research are complementary to each other. Accordingly, there is a need for universities to implement strategies to promote their international engagement. Do regional mission and internationalisation appear paradoxical? This paper explores the phenomena through a case study of the Autonomous University of Barcelona (UAB) and the region of Barcelona city and Catalonia's AP-7/B-30 industrial agglomeration, by analysing UAB´s infrastructure, capabilities and its collaborations with external stakeholders such as firms, public institutions and communities. As a top ranked institution in Spain and Europe, UAB has a strong point of view towards the importance of internationalisation focusing on three central actions of mobility, collaboration, and attraction of talent. UAB also aims to contribute to innovation and regional development beyond its educational and research activities. The role of UAB in innovation and regional development has been strengthened especially since 2008 when Barcelona city expressed its particular interests in engaging universities as a joint strategy to improve the international competitiveness of the economy and later in 2009 with UAB´s achievement of Campus of International Excellence. The study reveals that UAB has a strong impact by its intensive knowledge spillovers, technology transfer, and several projects developed to solve regional public concerns. Lastly, UAB is increasingly considered as a key stakeholder in negotiating and decision-making process for innovation and regional development.

This book is the result of a European Union funded Marie Skłodowska-Curie Actions Innovative Training Network on the Role of Universities in Innovation and Regional Development (RUNIN). The network received funding from 2016 to 2020 and supported 14 early-career researchers who undertook their doctoral training in the network. It builds on the collaboration between the universities in the European Consortium for Innovative Universities (ECIU), of which six of the participant teams are members. The universities in the ECIU share an ambition to promote innovation and to work closely with their regions. The RUNIN programme brings together scholars working on higher education, innovation and regions in order to study how the universities realise this ambition. The project aims to provide new knowledge for other universities and policy-makers on how universities can contribute to innovation in their regions. The programme includes a university and a regional development agency in each region as partners in order to examine the relationship between universities and their regions from both perspectives.The programme involved international mobility both before and during the programme. All early-career researchers moved from abroad to the university and region in which they were employed. The 14 researchers in the programme came from 12 different countries on four continents. They could thus bring an outsider’s perspective on the universities and the regions. This book presents those perspectives. It includes seven case studies authored by the early-career researchers working at each university, in which they analyse the relationship between the university and its surrounding region.The case studies show the wide array of roles which universities can take in their regions. Even though the universities share the same ambition and, as members of the ECIU, have similar profiles, the regional and national contexts in which they find themselves have implications for the types of activities which they do, the effects of these activities, and the way in which they are received both at the university and in the surrounding region.Work on this book started during the first training week of the project, hosted by the University of Lincoln in March 2017, when the researchers had started their PhDs only weeks or even days before. It ends as the programme draws to a conclusion, following an extensive programme of training weeks in all seven regions, several conference special sessions, joint publications, exchanges and successful PhD defences. It has been an honour to work with such a great group of promising researchers and inspiring supervisors through the process. The scholars in the RUNIN programme share an interest in studying universities and regions, but also in actively engaging with stakeholders, in communicating their research in new ways, and in contributing to the betterment of society. During the course of the programme, the network has evolved into deep collaboration and close friendships, where all participants have contributed to a supportive atmosphere.We hope this book will reflect that collaboration and will be of use to university managers, policymakers, academics and students who want to know how universities can contribute to their regions. The universities and regions presented here are all, in their unique ways, interesting examples of the multi-faceted nature of this relationship.