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 ICER - International Centre for Economic Research in its series ICER Working Papers with number 04-2011.
Length: 36 pages
Date of creation: Apr 2011
Date of revision:
transaction cost economics; knowledge-based view; collaboration ties; commercialization; innovation; patent;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-05-14 (All new papers)
- NEP-CSE-2011-05-14 (Economics of Strategic Management)
- NEP-INO-2011-05-14 (Innovation)
- NEP-IPR-2011-05-14 (Intellectual Property Rights)
- NEP-PPM-2011-05-14 (Project, Program & Portfolio Management)
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