An Empirical Investigation Of Licensing Probability And Sectoral Pattern In Technology Transfer

A technology evaluation model based on the negotiation between a licensor and a licensee is proposed. This model also considered information asymmetry which decreases the probability of technology transfer between the licensor and the licensee. Factors which affect this decrease and sectors which are more exposed to this decrease using the technology evaluation model are explored using the pooled technology transferred cases of NTB (National Technology Bank), Korea. The only explanatory factor which covers all sectors is the "technology regime-based innovation pattern," and the factor named "patent authorization stage" is the most influencing variable within a specific sector. In three sectors of the four "technology regime-based innovation patterns," namely, scale intensive, specialized supplier, and science based, the variation of licensing probability is likely to increase when the "patent authorization stage" increases. Using SOFM and ANOVA, the negotiated result and the value of technology evaluated are likely to increase.