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We develop a model based on asymmetric information (adverse selection) that provides a rational explanation for the persistent use of royalties alongside equity in university technology transfer. The model shows how royalties, through their value-destroying distortions, can act as a screening...
Persistent link: https://www.econbiz.de/10013081400
We study the impact of incentive pay, local development objectives and government constraints on university licensing … performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together … pay than public ones, but ownership does not affect licensing performance conditional on the use of incentive pay …
Persistent link: https://www.econbiz.de/10012771354
the difference in licensing income to differences in the organization and staffing of TTOs. Specifically, US TTOs employ …
Persistent link: https://www.econbiz.de/10014046427
The emergence of new ventures that from inception use resources and sell their goods and services in multiple foreign markets has challenged traditional theories explaining the internationalization of a firm as a stage process (Oviatt & McDougall, 1994). Different factors have been identified to...
Persistent link: https://www.econbiz.de/10011508033
This paper deals with the effects of publicly funded research at universities, polytechnics and federal research labs on industrial innovations in Germany. We discuss the characteristics of companies that benefit from the findings of public research institutions. In questioning 2,300 companies...
Persistent link: https://www.econbiz.de/10011441735
Innovation processes within corporations increasingly tap into international technology sources, yet little is known about the relative contribution of different types of innovation channels. We investigate the effectiveness of different types of international technology sourcing activities...
Persistent link: https://www.econbiz.de/10010443152
Persistent link: https://www.econbiz.de/10014633065
In this paper it is tested which of the various alternative approaches for constructing knowledge spillover pools suggested in existing literature measures the extent to which a firm can costlessly receive external knowlegde best. Since knowledge spillovers are unmeasurable, a 'goodness of fit'...
Persistent link: https://www.econbiz.de/10011443497
This paper analyses the determinants of spatial distribution of foreign technological activity across 96 German regions (1996-2009). We identify foreign inventive activity by applying the ‘cross-border-ownership concept’ to transnational patent applications. The descriptive analysis shows...
Persistent link: https://www.econbiz.de/10010192971
This paper analyses the determinants of spatial distribution of foreign technological activity across 96 German regions (1996-2009). We identify foreign inventive activity by applying the ‘cross-border-ownership concept’ to transnational patent applications. The descriptive analysis shows...
Persistent link: https://www.econbiz.de/10014153638