Ready to leave the ivory tower?: Academic scientists’ appeal to work in the private sector
In this study we investigate the factors that shape the attitudes of scientists toward starting their own business or working in a private sector firm. The analysis is based on data collected from scientists working in the German Max Planck Society, a research institution devoted to basic science. We find that the scientists' evaluations of the attractiveness of working in a private sector firm or of starting their own business differ considerably according to their academic discipline and the perceived commercial potential of their research. The ability to take risks, prior work experience in private firms, and personal experience with industry cooperation lead to a positive attitude towards switching to private sector employment or entrepreneurship. Strong willingness to freely distribute research findings are related to a low appeal of private sector work.
(This abstract was borrowed from another version of this item.)
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zellner, Christian, 2003. "The economic effects of basic research: evidence for embodied knowledge transfer via scientists' migration," Research Policy, Elsevier, vol. 32(10), pages 1881-1895, December.
- Scott Stern, 2004. "Do Scientists Pay to Be Scientists?," Management Science, INFORMS, vol. 50(6), pages 835-853, June.
- Ajay Agrawal & Rebecca Henderson, 2002. "Putting Patents in Context: Exploring Knowledge Transfer from MIT," Management Science, INFORMS, vol. 48(1), pages 44-60, January.
- Pavitt, Keith, 1998. "The social shaping of the national science base," Research Policy, Elsevier, vol. 27(8), pages 793-805, December.
- Dirk Libaers, 2009. "Industry relationships of DoD-funded academics and institutional changes in the US university system," The Journal of Technology Transfer, Springer, vol. 34(5), pages 474-489, October.
- Robert Lowe & Claudia Gonzalez-Brambila, 2007. "Faculty Entrepreneurs and Research Productivity," The Journal of Technology Transfer, Springer, vol. 32(3), pages 173-194, June.
- Czarnitzki, Dirk & Toole, Andrew A., 2007.
"Exploring the relationship between scientist human capital and firm performance: The case of biomedical academic entrepreneurs in the SBIR program,"
ZEW Discussion Papers
07-011, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Andrew A. Toole & Dirk Czarnitzki, 2009. "Exploring the Relationship Between Scientist Human Capital and Firm Performance: The Case of Biomedical Academic Entrepreneurs in the SBIR Program," Management Science, INFORMS, vol. 55(1), pages 101-114, January.
- Krabel, Stefan & Mueller, Pamela, 2009. "What drives scientists to start their own company?: An empirical investigation of Max Planck Society scientists," Research Policy, Elsevier, vol. 38(6), pages 947-956, July.
- Andrew Toole & Dirk Czarnitzki, 2007.
"Biomedical Academic Entrepreneurship through the SBIR Program,"
in: Academic Science and Entrepreneurship: Dual Engines of Growth
National Bureau of Economic Research, Inc.
- Toole, Andrew A. & Czarnitzki, Dirk, 2007. "Biomedical academic entrepreneurship through the SBIR program," Journal of Economic Behavior & Organization, Elsevier, vol. 63(4), pages 716-738, August.
- Toole, Andrew A. & Czarnitzki, Dirk, 2005. "Biomedical Academic Entrepreneurship Through the SBIR Program," ZEW Discussion Papers 05-47, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Andrew A. Toole & Dirk Czarnitzki, 2005. "Biomedical Academic Entrepreneurship Through the SBIR Program," NBER Working Papers 11450, National Bureau of Economic Research, Inc.
- Colombo, Massimo G. & Grilli, Luca, 2005. "Founders' human capital and the growth of new technology-based firms: A competence-based view," Research Policy, Elsevier, vol. 34(6), pages 795-816, August.
- Zucker, Lynne G & Darby, Michael R & Brewer, Marilynn B, 1998. "Intellectual Human Capital and the Birth of U.S. Biotechnology Enterprises," American Economic Review, American Economic Association, vol. 88(1), pages 290-306, March.
- Scott Shane & Rakesh Khurana, 2003. "Bringing individuals back in: the effects of career experience on new firm founding," Industrial and Corporate Change, Oxford University Press, vol. 12(3), pages 519-543, June.
- Mangematin, V., 2000. "PhD job market: professional trajectories and incentives during the PhD," Research Policy, Elsevier, vol. 29(6), pages 741-756, June.
- Dietz, James S. & Bozeman, Barry, 2005. "Academic careers, patents, and productivity: industry experience as scientific and technical human capital," Research Policy, Elsevier, vol. 34(3), pages 349-367, April.
- Buenstorf, Guido, 2009. "Is commercialization good or bad for science? Individual-level evidence from the Max Planck Society," Research Policy, Elsevier, vol. 38(2), pages 281-292, March.
- Herrera, Liliana & Muñoz-Doyague, Maria Felisa & Nieto, Mariano, 2010. "Mobility of public researchers, scientific knowledge transfer, and the firm's innovation process," Journal of Business Research, Elsevier, vol. 63(5), pages 510-518, May.
- Powers, Joshua B. & McDougall, Patricia P., 2005. "University start-up formation and technology licensing with firms that go public: a resource-based view of academic entrepreneurship," Journal of Business Venturing, Elsevier, vol. 20(3), pages 291-311, May.
- Paul D. Reynolds & Nancy M. Carter & William B. Gartner & Patricia G. Greene, 2004. "The Prevalence of Nascent Entrepreneurs in the United States: Evidence from the Panel Study of Entrepreneurial Dynamics," Small Business Economics, Springer, vol. 23(4), pages 263-284, November.
- Etzkowitz, Henry, 1998. "The norms of entrepreneurial science: cognitive effects of the new university-industry linkages," Research Policy, Elsevier, vol. 27(8), pages 823-833, December.
- Min-Wei Lin & Barry Bozeman, 2006. "Researchers’ Industry Experience and Productivity in University–Industry Research Centers: A “Scientific and Technical Human Capital” Explanation," The Journal of Technology Transfer, Springer, vol. 31(2), pages 269-290, 03.
- Branco Ponomariov & P. Craig Boardman, 2008. "The effect of informal industry contacts on the time university scientists allocate to collaborative research with industry," The Journal of Technology Transfer, Springer, vol. 33(3), pages 301-313, June.
- Taran Thune, 2007. "University-industry collaboration: The network embeddedness approach," Science and Public Policy, Oxford University Press, vol. 34(3), pages 158-168, April.
- Mansfield, Edwin, 1995. "Academic Research Underlying Industrial Innovations:," The Review of Economics and Statistics, MIT Press, vol. 77(1), pages 55-65, February.
- Scott Shane & Toby Stuart, 2002. "Organizational Endowments and the Performance of University Start-ups," Management Science, INFORMS, vol. 48(1), pages 154-170, January.
- Rosenberg, Nathan, 1990. "Why do firms do basic research (with their own money)?," Research Policy, Elsevier, vol. 19(2), pages 165-174, April.
When requesting a correction, please mention this item's handle: RePEc:kap:jtecht:v:37:y:2012:i:3:p:271-296. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.