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

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  • Taehyun Jung
  • John P. Walsh

Abstract

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.

Suggested Citation

  • Taehyun Jung & John P. Walsh, 2011. "Organizational paths of commercializing patented inventions: The effects of transaction costs, firm capabilities, and collaborative ties," ICER Working Papers 04-2011, ICER - International Centre for Economic Research.
    • Handle: RePEc:icr:wpicer:04-2011
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    File URL: http://www.bemservizi.unito.it/repec/icr/wp2011/ICERwp04-11.pdf
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    References listed on IDEAS

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    1. Jason Owen-Smith & Walter W. Powell, 2004. "Knowledge Networks as Channels and Conduits: The Effects of Spillovers in the Boston Biotechnology Community," Organization Science, INFORMS, vol. 15(1), pages 5-21, February.
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    Cited by:

    1. Ashish Arora & Andrea Fosfuri & Thomas Rønde, 2013. "Managing Licensing in a Market for Technology," Management Science, INFORMS, vol. 59(5), pages 1092-1106, May.

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    More about this item

    Keywords

    transaction cost economics; knowledge-based view; collaboration ties; commercialization; innovation; patent;
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