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Is Academic Entrepreneurship Good or Bad for Science? Empirical Evidence from the Max Planck Society

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  • Guido Buenstorf

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Abstract

Based on new data, this paper studies invention disclosure, licensing, and firm formation activities of Max Planck Institute directors over the time period 1985-2004, and analyzes their effects on scientists' publication and citation records. The results are consistent with prior findings that inventing does not adversely affect research output. More mixed results are obtained with regard to academic entrepreneurship. The analysis raises questions vis-Ã -vis earlier explanations for positive relationships between inventing and publishing. It finds little evidence than inventors learn from interacting with firms. Likewise, license revenues do not enable scientists to step up their research activities.

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Bibliographic Info

Paper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Economics and Evolution with number 2006-17.

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Date of creation: Nov 2006
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Handle: RePEc:esi:evopap:2006-17

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Keywords: Basic science; academic entrepreneurship; innovation; licensing; firm formation Length 32 pages;

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References

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  1. Zellner, Christian, 2003. "The economic effects of basic research: evidence for embodied knowledge transfer via scientists' migration," Research Policy, Elsevier, vol. 32(10), pages 1881-1895, December.
  2. Egeln, Jürgen & Gottschalk, Sandra & Rammer, Christian & Spielkamp, Alfred, 2002. "Spinoff-Gründungen aus der öffentlichen Forschung in Deutschland: Kurzfassung ; Gutachten für das Bundesministerium für Bildung und Forschung," ZEW Dokumentationen 03-02, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  3. Jerry A. Hausman & Bronwyn H. Hall & Zvi Griliches, 1984. "Econometric Models for Count Data with an Application to the Patents-R&D Relationship," NBER Technical Working Papers 0017, National Bureau of Economic Research, Inc.
  4. Sampat, Bhaven N., 2006. "Patenting and US academic research in the 20th century: The world before and after Bayh-Dole," Research Policy, Elsevier, vol. 35(6), pages 772-789, July.
  5. Gustavo Crespi & Aldo Geuna & Bart Verspagen, 2007. "University IPRs and Knowledge Transfer. Is the IPR ownership model more efficient?," SPRU Working Paper Series 154, SPRU - Science and Technology Policy Research, University of Sussex.
  6. Levin, Sharon G & Stephan, Paula E, 1991. "Research Productivity over the Life Cycle: Evidence for Academic Scientists," American Economic Review, American Economic Association, vol. 81(1), pages 114-32, March.
  7. Fiona Murray & Scott Stern, 2005. "Do Formal Intellectual Property Rights Hinder the Free Flow of Scientific Knowledge? An Empirical Test of the Anti-Commons Hypothesis," NBER Working Papers 11465, National Bureau of Economic Research, Inc.
  8. Guido Buenstorf, 2007. "Evolution on the Shoulders of Giants: Entrepreneurship and Firm Survival in the German Laser Industry," Review of Industrial Organization, Springer, vol. 30(3), pages 179-202, May.
  9. Ajay Agrawal & Rebecca Henderson, 2002. "Putting Patents in Context: Exploring Knowledge Transfer from MIT," Management Science, INFORMS, vol. 48(1), pages 44-60, January.
  10. Marie Thursby & Richard Jensen, 2001. "Proofs and Prototypes for Sale: The Licensing of University Inventions," American Economic Review, American Economic Association, vol. 91(1), pages 240-259, March.
  11. Bozeman, Barry, 2000. "Technology transfer and public policy: a review of research and theory," Research Policy, Elsevier, vol. 29(4-5), pages 627-655, April.
  12. Paula Stephan & Shiferaw Gurmu & Albert Sumell & Grant Black, 2007. "Who'S Patenting In The University? Evidence From The Survey Of Doctorate Recipients," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 16(2), pages 71-99.
  13. Kira Fabrizio & Alberto Di Minin, 2004. "Commercializing the laboratory: the relationship between faculty patenting and publishing," Working Papers 200402, Scuola Superiore Sant'Anna of Pisa, Istituto di Management.
  14. Geuna, Aldo & Nesta, Lionel J.J., 2006. "University patenting and its effects on academic research: The emerging European evidence," Research Policy, Elsevier, vol. 35(6), pages 790-807, July.
  15. Nicolas Carayol, 2007. "Academic Incentives, Research Organization And Patenting At A Large French University," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 16(2), pages 119-138.
  16. Jerry Thursby & Marie Thursby, 2005. "Gender Patterns of Research and Licensing Activity of Science and Engineering Faculty," The Journal of Technology Transfer, Springer, vol. 30(4), pages 343-353, October.
  17. Chiara Franzoni & Francesco Lissoni, 2006. "Academic entrepreneurship, patents, and spin-offs: critical issues and lessons for Europe," KITeS Working Papers 180, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Sep 2006.
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Cited by:
  1. Julien Pénin, 2009. "On the consequences of university patenting: What can we learn by asking directly to academic inventors?," Working Papers of BETA 2009-04, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  2. Devrim Göktepe-Hulten & Prashanth Mahagaonkar, 2010. "Inventing and patenting activities of scientists: in the expectation of money or reputation?," The Journal of Technology Transfer, Springer, vol. 35(4), pages 401-423, August.

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