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Conjoint analysis of R&D contract agreements for industry-funded university research

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  • So Sohn

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  • Mooyeob Lee

Abstract

Since the late nineteenth century, universities have been regarded as useful sources of technological development to stimulate economic activity. Therefore, many governments have encouraged research collaborations between universities and industries. A consequence of such collaboration in Korea, however, is that university researchers have difficulty claiming ownership of their technological developments. Typical contracts used in academia in Korea have biased benefits for industries. Research and development contract agreements that decrease negotiation efforts between the sectors of academia and industry are essential to increase the efficiency of industry-academia collaborations. In order to determine an optimal contract design, we use conjoint analysis of four attributes, including policies of ownership and compensation, indemnity responsibility, patent application and maintenance fees, and publication restrictions. The resulting preferences take into account the perspectives of both industry and academia. We expect our approach to contribute to increasingly healthy collaborations between industry and academia, which in turn will benefit industrial competition as well as the Korean economy. Copyright Springer Science+Business Media, LLC 2012

Suggested Citation

  • So Sohn & Mooyeob Lee, 2012. "Conjoint analysis of R&D contract agreements for industry-funded university research," The Journal of Technology Transfer, Springer, vol. 37(4), pages 532-549, August.
  • Handle: RePEc:kap:jtecht:v:37:y:2012:i:4:p:532-549
    DOI: 10.1007/s10961-011-9220-0
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    File URL: http://hdl.handle.net/10.1007/s10961-011-9220-0
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    References listed on IDEAS

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    1. Rosenberg, Nathan & Nelson, Richard R., 1994. "American universities and technical advance in industry," Research Policy, Elsevier, vol. 23(3), pages 323-348, May.
    2. Czarnitzki, Dirk & Glänzel, Wolfgang & Hussinger, Katrin, 2009. "Heterogeneity of patenting activity and its implications for scientific research," Research Policy, Elsevier, vol. 38(1), pages 26-34, February.
    3. Fontana, Roberto & Geuna, Aldo & Matt, Mireille, 2006. "Factors affecting university-industry R&D projects: The importance of searching, screening and signalling," Research Policy, Elsevier, vol. 35(2), pages 309-323, March.
    4. Lee, Yong S, 2000. "The Sustainability of University-Industry Research Collaboration: An Empirical Assessment," The Journal of Technology Transfer, Springer, vol. 25(2), pages 111-133, June.
    5. Gustavo Crespi & Aldo Geuna & Onder Nomaler & Bart Verspagen, 2010. "University IPRs and knowledge transfer: is university ownership more efficient?," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(7), pages 627-648.
    6. Schmiemann, Manfred & Durvy, Jean-Noel, 2003. "New Approaches to Technology Transfer from Publicly Funded Research," The Journal of Technology Transfer, Springer, vol. 28(1), pages 9-15, January.
    7. Dirk Libaers & Martin Meyer & Aldo Geuna, 2006. "The Role of University Spinout Companies in an Emerging Technology: The Case of Nanotechnology," The Journal of Technology Transfer, Springer, vol. 31(4), pages 443-450, July.
    8. Hertzfeld, Henry R. & Link, Albert N. & Vonortas, Nicholas S., 2006. "Intellectual property protection mechanisms in research partnerships," Research Policy, Elsevier, vol. 35(6), pages 825-838, July.
    9. 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.
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    1. repec:spr:scient:v:113:y:2017:i:1:d:10.1007_s11192-017-2480-1 is not listed on IDEAS

    More about this item

    Keywords

    Industry-academia collaboration; R&D contract agreements; Conjoint analysis; K12; L24; O39;

    JEL classification:

    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other

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