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Risk attitudes, patenting and invention disclosures by academic researchers

Author

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  • Rajeev K. Goel

    (Illinois State University)

  • Devrim Göktepe-Hultén

    (Lund University)

Abstract

This paper examines the effect of risk attitudes on innovation behavior of academic researchers. Specifically, using two alternate measures of self-reported risk attitudes, we test the hypothesis that aversion to risk would negatively affect revelation of information in innovations. Results based on a sample of more than 2500 German researchers across both measures of risk aversion show that, consistent with intuition, risk aversion has a significant negative effect on invention disclosures, but not on patenting.

Suggested Citation

  • Rajeev K. Goel & Devrim Göktepe-Hultén, 2019. "Risk attitudes, patenting and invention disclosures by academic researchers," The Journal of Technology Transfer, Springer, vol. 44(1), pages 155-166, February.
    • Handle: RePEc:kap:jtecht:v:44:y:2019:i:1:d:10.1007_s10961-017-9573-0
    DOI: 10.1007/s10961-017-9573-0
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    References listed on IDEAS

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    Cited by:

    1. Dirk Dohse & Rajeev K. Goel & Michael A. Nelson, 2019. "Female owners versus female managers: Who is better at introducing innovations?," The Journal of Technology Transfer, Springer, vol. 44(2), pages 520-539, April.
    2. Lauretta Rubini & Chiara Pollio & Giuseppe Lucio Gaeta & Elisa Barbieri, 2021. "Heterogeneous effects of spinoff foundations on the means of technology transfer: the role of past academic-industry collaborations," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(1), pages 261-292, April.
    3. Dirk Dohse & Rajeev K. Goel & Devrim Göktepe‐Hultén, 2021. "Paths academic scientists take to entrepreneurship: Disaggregating direct and indirect influences," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(7), pages 1740-1753, October.
    4. Rajeev K. Goel & Michael A. Nelson, 2021. "How do firms use innovations to hedge against economic and political uncertainty? Evidence from a large sample of nations," The Journal of Technology Transfer, Springer, vol. 46(2), pages 407-430, April.
    5. Rajeev K. Goel & Devrim Göktepe-Hultén, 2018. "What drives academic patentees to bypass TTOs? Evidence from a large public research organisation," The Journal of Technology Transfer, Springer, vol. 43(1), pages 240-258, February.
    6. Dirk Dohse & Rajeev K. Goel & James W. Saunoris, 2023. "Patenting uncertainty and its impact on innovation: evidence from the United States," The Journal of Technology Transfer, Springer, vol. 48(5), pages 1839-1859, October.
    7. Rajeev K. Goel & Devrim Göktepe-Hultén, 2021. "Innovation by foreign researchers: relative influences of internal versus external human capital," The Journal of Technology Transfer, Springer, vol. 46(1), pages 258-276, February.

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    More about this item

    Keywords

    Patents; Invention disclosure; Risk averse; Academic research; Germany;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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