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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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    Keywords

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

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