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Is Academic Entrepreneurship Good or Bad for Science? Empirical Evidence from the Max Planck Society Author info | Abstract | Publisher info | Download info | Related research | Statistics Guido Bünstorf ()
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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-à-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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Paper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Econonmics and Evolution with number
2006-17.
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Date of creation: Nov 2006Date of revision:
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Keywords: Basic science academic entrepreneurship innovation licensing firm formation Length 32 pages Find related papers by JEL classification: I23 - Health, Education, and Welfare - - Education - - - Higher Education Research Institutions L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
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