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Externally commercializing technology assets: An examination of different process stages

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  • Lichtenthaler, Ulrich

Abstract

Besides applying technological knowledge in products and services, firms may externally leverage their technology assets, e.g., by means of technology licensing. Despite its increasing managerial and theoretical importance, outward technology transfer has been relatively neglected in prior research. We use data from 152 industrial companies to analyze how different levels of proficiency in managing different stages of the external technology exploitation process influence a firm's out-licensing performance. With the trend towards open innovation strategies, this research represents an important complement to the large number of success factor studies into new product development.

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  • Lichtenthaler, Ulrich, 2008. "Externally commercializing technology assets: An examination of different process stages," Journal of Business Venturing, Elsevier, vol. 23(4), pages 445-464, July.
  • Handle: RePEc:eee:jbvent:v:23:y:2008:i:4:p:445-464
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    Cited by:

    1. Hagedoorn, John & Ridder, Ann-Kristin, 2012. "Open innovation, contracts, and intellectual property rights: an exploratory empirical study," MERIT Working Papers 2012-025, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Lichtenthaler, Ulrich, 2009. "Product business, foreign direct investment, and licensing: Examining their relationships in international technology exploitation," Journal of World Business, Elsevier, vol. 44(4), pages 407-420, October.

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