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Organizational paths of commercializing patented inventions: The effects of transaction costs, firm capabilities, and collaborative ties

  • Jung , Taehyun

    ()

    (CIRCLE, Lund University)

  • Walsh , John P.

    ()

    (CIRCLE, Lund University)

This study examines the factors affecting modes of commercializing patented inventions using a novel dataset based on a survey of U.S. inventors. We find that technological uncertainty and possessing complementary assets raise the propensity for internal commercialization. We find that R&D collaboration with firms in a horizontal relationship is likely to increase the propensity to license the invention. In addition, the paper shows that macro-level environment conditions that affect exchange conditions, such as technology familiarity, influence the effects of capabilities on governance choice.

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Paper provided by Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy in its series Papers in Innovation Studies with number 2011/3.

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Length: 56 pages
Date of creation: 11 Apr 2011
Date of revision:
Handle: RePEc:hhs:lucirc:2011_003
Contact details of provider: Postal:
CIRCLE, Lund University, PO Box 117, SE-22100 Lund, Sweden

Phone: +46 (0) 46 222 74 68
Web page: http://www.circle.lu.se/

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