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Determinants of technology licensing: the case of licensors

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  • YoungJun Kim

    (School of Business, Henderson State University, Arkadelphia, AR 71999, USA)

  • Nicholas S. Vonortas

Abstract

This paper empirically analyzes the behavior of technology licensors using a large dataset of US-traded companies. The stock of technological knowledge of the licensor, this company's prior exposure to licensing, the rate of growth of its primary sector, the strength of IPR protection, and the nature of the technology are found to be important determinants of the propensity to sell technology through nonexclusive licenses. Smaller firms in industries with 'simpler' technologies tend to sell technology through exclusive licenses more than others. In contrast, larger firms in industries dealing with more 'complex' technologies engage relatively more in cross licensing. Copyright © 2006 John Wiley & Sons, Ltd.

Suggested Citation

  • YoungJun Kim & Nicholas S. Vonortas, 2006. "Determinants of technology licensing: the case of licensors," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 235-249.
  • Handle: RePEc:wly:mgtdec:v:27:y:2006:i:4:p:235-249
    DOI: 10.1002/mde.1249
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    File URL: http://hdl.handle.net/10.1002/mde.1249
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    References listed on IDEAS

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    Cited by:

    1. Eberhard Feess & Michael Hoeck & Oliver Lorz, 2009. "International Technology Transfers and Competition ," Review of International Economics, Wiley Blackwell, vol. 17(5), pages 1038-1052, November.
    2. Lichtenthaler, Ulrich, 2010. "Determinants of proactive and reactive technology licensing: A contingency perspective," Research Policy, Elsevier, vol. 39(1), pages 55-66, February.
    3. Rousselière, Samira & Rousselière, Damien & Ramani, Shyama, 2016. "Innovation Led Alliances: Theory and application to the GM Plant Industry," 149th Seminar, October 27-28, 2016, Rennes, France 244949, European Association of Agricultural Economists.
    4. Nicole Ziegler & Frauke Ruether & Martin Bader & Oliver Gassmann, 2013. "Creating value through external intellectual property commercialization: a desorptive capacity view," The Journal of Technology Transfer, Springer, vol. 38(6), pages 930-949, December.
    5. Wood, Matthew S., 2011. "A process model of academic entrepreneurship," Business Horizons, Elsevier, vol. 54(2), pages 153-161.
    6. Jung , Taehyun & Walsh , John P., 2011. "Organizational paths of commercializing patented inventions: The effects of transaction costs, firm capabilities, and collaborative ties," Papers in Innovation Studies 2011/3, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    7. Wood, Matthew S., 2011. "A process model of academic entrepreneurship," Business Horizons, Elsevier, vol. 54(2), pages 153-161, March.
    8. Kim, Bongsun & Kim, Eonsoo & Miller, Douglas J. & Mahoney, Joseph T., 2016. "The impact of the timing of patents on innovation performance," Research Policy, Elsevier, vol. 45(4), pages 914-928.
    9. Mowery, David C. & Ziedonis, Arvids A., 2015. "Markets versus spillovers in outflows of university research," Research Policy, Elsevier, vol. 44(1), pages 50-66.
    10. Preet S Aulakh & Marshall S Jiang & Yigang Pan, 2010. "International technology licensing: Monopoly rents, transaction costs and exclusive rights," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 41(4), pages 587-605, May.
    11. Dohse, Dirk & Goel, Rajeev K. & Nelson, Michael A., 2018. "What induces firms to license foreign technologies? International survey evidence," Kiel Working Papers 2100, Kiel Institute for the World Economy (IfW).
    12. Hagedoorn, John & Lorenz-Orlean, Stefanie & Kranenburg, Hans, 2007. "Inter-firm technology transfer: Partnership-embedded licensing or standard licensing agreements?," MERIT Working Papers 006, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    13. repec:spr:scient:v:95:y:2013:i:1:d:10.1007_s11192-012-0802-x is not listed on IDEAS

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