PurposeKnowledge-based economies are popular in the present world. Simultaneously, universities are becoming more responsible for leading economic development through research. As a key contributor to the national economy, it is vital for the construction industry to move beyond outdated practices, and hence, reviewing the role of academic research in empowering construction industry with knowledge is essential. This paper focuses on how relevant theories conceptualise the expected role of academic research in the innovative development of an industry and the specific location in Sri Lankan construction industry.
Design/methodology/approachFollowing a comprehensive literature review, empirical data were collected from Sri Lankan context with a mixed approach informed by a pragmatist philosophical stance. The perspective of academia and industry practitioners were deductively obtained through surveys and inductively explored through qualitative interviews.
FindingsThis study provides evidence that academic research in Sri Lanka does not contribute effectively to innovative construction management. Due to the absence of industry-focused knowledge dissemination strategies, the academic-industry relationships are mostly non-research based. The industry lacks in research informed-decision making, leading to lesser innovations.
Research limitations/implicationsThe research conclusions are more applicable to the developing-country construction industry contexts.
Practical implicationsThe research urges the need for improved academic-industry research collaborations and strategic knowledge dissemination movements.
Originality/valueThe research confirms academic research as a major integral part of developing construction industry in a knowledge-based economy. In establishing the expected role of academic research, the research revealed the current practice to be under-located. Hence, the research prescribes the necessary actions; research collaborations in major and subsequent requirements.