Organizational paths of commercializing patented inventions: The effects of transaction costs, firm capabilities, and collaborative ties
AbstractThis study examines the factors affecting modes of commercializing patented inventions using a novel dataset based on a survey of U.S. inventors. We find that technological uncertainty and possessing complementary assets raise the propensity for internal commercialization. We find that R&D collaboration with firms in a horizontal relationship is likely to increase the propensity to license the invention. In addition, the paper shows that macro-level environment conditions that affect exchange conditions, such as technology familiarity, influence the effects of capabilities on governance choice.
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Bibliographic InfoPaper provided by Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy in its series CIRCLE Electronic Working Papers with number 2011/3.
Length: 56 pages
Date of creation: 11 Apr 2011
Date of revision:
transaction cost economics; knowledge-based view; collaboration ties; commercialization; innovation; patent;
Find related papers by JEL classification:
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-16 (All new papers)
- NEP-CSE-2011-04-16 (Economics of Strategic Management)
- NEP-INO-2011-04-16 (Innovation)
- NEP-IPR-2011-04-16 (Intellectual Property Rights)
- NEP-PPM-2011-04-16 (Project, Program & Portfolio Management)
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