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Entrepreneurship from the Ivory Tower: Do Incentive Systems Matter?

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Author Info
Gideon D. Markman ()
Peter T. Gianiodis ()
Phillip H. Phan ()
David B. Balkin ()

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Abstract

There has been a paucity of research to date that has explored whether incentive systems--in the form of monetary payments to inventors, their department or institution, or to university technology transfer office (UTTO) personnel--affect entrepreneurial activities at U.S. universities. To shed light on whether financial incentives to scientists, their departments, and UTTO personnel effect entrepreneurial activity, we used both qualitative data (structured interviews with 128 UTTO directors) and quantitative data from surveys and databases available on the web. Our results show surprisingly and opposite to our theoretical predictions that incentives to scientists and to their departments are negatively related to entrepreneurial activity. In addition and consistent with theory-based predictions, pay to UTTO personnel is positively related to entrepreneurial activity. We conclude with a discussion that offers some implications to research, practice, and theory in the field of technology transfer.

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Publisher Info
Article provided by Springer in its journal The Journal of Technology Transfer.

Volume (Year): 29 (2004)
Issue (Month): 3_4 (08)
Pages: 353-364
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:jtecht:v:29:y:2004:i:3_4:p:353-364

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Web page: http://www.springerlink.com/link.asp?id=104998

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  1. Phillip H. Phan & Donald S. Siegel, 2006. "The Effectiveness of University Technology Transfer: Lessons Learned from Qualitative and Quantitative Research in the U.S. and U.K," Rensselaer Working Papers in Economics 0609, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
  2. Donald S. Siegel & Phillip H. Phan, 2004. "Analyzing the Effectiveness of University Technology Transfer: Implications for Entrepreneurship Education," Rensselaer Working Papers in Economics 0426, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
  3. Réjean Landry & Nabil Amara & Malek Saïhi, 2007. "Patenting and spin-off creation by Canadian researchers in engineering and life sciences," The Journal of Technology Transfer, Springer, vol. 32(3), pages 217-249, June. [Downloadable!] (restricted)
  4. Rory O’Shea & Harveen Chugh & Thomas Allen, 2008. "Determinants and consequences of university spinoff activity: a conceptual framework," The Journal of Technology Transfer, Springer, vol. 33(6), pages 653-666, December. [Downloadable!] (restricted)
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