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Abstract: Most of the literatures related to university–industry (U–I) and technology transfer assume that the collaboration particularly the U–I joint research is beneficial to both university and industry which as a result underpins the sustainable development of economics and living standards of developed and developing countries. The U–I joint research for photovoltaic technology transfer in a developing country like Thailand should have been increased considering the fact that (i) the government implemented various strategies to support the renewable energy research and market development, (ii) the university aimed to be “research-based university and (iii) the Thai photovoltaic industry struggle for competitiveness and survival in the global market. However, evidence revealed that the university and industry conducted little number of U–I joint projects. In this paper, we investigate the factors influencing the effective U–I joint research for photovoltaic technology transfer (UIJRPTT). In an attempt to better understand the influence of the factors, the path model with factors related to characteristics and perspectives of the university and the industry as well as joint research mechanism and their linkages to higher growth and improved economic and quality performance of the U–I joint research is developed and validated. The developed model empirically explains interaction between the factors and the outcome factors and can assist the government, the university and the industry to devise target strategies to improve the growth and performance of UIJRPTT. [ABSTRACT FROM AUTHOR]