Is there a trade-off between academic research and faculty entrepreneurship? Evidence from U.S. NIH supported biomedical researchers
AbstractIs there a trade-off of scholarly research productivity when faculty members found or join for-profit firms? This paper offers an empirical examination of this question for a subpopulation of biomedical academic scientists who received research funding from the U.S. National Institutes of Health (NIH). In this study, we are able to distinguish between permanent versus temporary employment transitions by entrepreneurial faculty members and examine how their journal article publication rates change using individual-level panel data. We find that the biomedical scientists who eventually choose to found or join a for-profit firm were more productive during their careers in academe than a randomly selected control group of their NIH peers. When they pursue entrepreneurship in the private sector, however, their scholarly productivity falls. Those entrepreneurial faculty members who return to academe are not as productive as they were before their entrepreneurial experience in terms of journal publications. --
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Bibliographic InfoPaper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number 09-022.
Date of creation: 2009
Date of revision:
academic entrepreneurship; SBIR; NIH; biomedical research; life scientist productivity;
Other versions of this item:
- Dirk Czarnitzki & Andrew Toole, 2010. "Is there a trade-off between academic research and faculty entrepreneurship? Evidence from US NIH supported biomedical researchers," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(5), pages 505-520.
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-05 (All new papers)
- NEP-EDU-2009-09-05 (Education)
- NEP-EFF-2009-09-05 (Efficiency & Productivity)
- NEP-ENT-2009-09-05 (Entrepreneurship)
- NEP-IPR-2009-09-05 (Intellectual Property Rights)
- NEP-LAB-2009-09-05 (Labour Economics)
- NEP-SBM-2009-09-05 (Small Business Management)
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- Rivera-Huerta, René & Dutrénit, Gabriela & Ekboir, Javier Mario & Sampedro, José Luis & Vera-Cruz, Alexandre O., 2011. "Do linkages between farmers and academic researchers influence researcher productivity? The Mexican case," Research Policy, Elsevier, vol. 40(7), pages 932-942, September.
- Czarnitzki, Dirk & Rammer, Christian & Toole, Andrew A., 2013. "University spinoffs and the 'performance premium'," ZEW Discussion Papers 13-004, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Deschryvere, Matthias, 2009. "A Comparative Survey of Structural Characteristics of Finnish University Departments," Discussion Papers 1195, The Research Institute of the Finnish Economy.
- French, Martin & Miller, Fiona Alice, 2012. "Leveraging the “living laboratory”: On the emergence of the entrepreneurial hospital," Social Science & Medicine, Elsevier, vol. 75(4), pages 717-724.
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