Cookies?
Library Header Image
LSE Research Online LSE Library Services

Harnessing success: determinants of university technology licensing performance

Belenzon, Sharon and Schankerman, Mark (2007) Harnessing success: determinants of university technology licensing performance. EI/44. Suntory and Toyota International Centres for Economics and Related Disciplines, London School of Economics and Poltical Science, London, UK.

[img]
Preview
PDF
Download (422kB) | Preview
Identification Number: EI/44

Abstract

We study the impact of incentive pay, local development objectives and government constraints on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for 1995-99. We find that private universities are much more likely to adopt incentive pay than public ones, but ownership does not affect licensing performance conditional on the use of incentive pay. Adopting incentive pay is associated with about 30-40 percent more income per license. Universities with strong local development objectives generate about 30 percent less income per license, but are more likely to license to local (in-state) startup companies. Stronger government constraints are ‘costly’ in terms of foregone license income and startup activity. These results are robust to controls for observed and unobserved heterogeneity.

Item Type: Monograph (Discussion Paper)
Official URL: http://sticerd.lse.ac.uk/
Additional Information: © 2007 The authors
Subjects: T Technology > T Technology (General)
H Social Sciences > HB Economic Theory
L Education > L Education (General)
Sets: Collections > Economists Online
Departments > Economics
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Date Deposited: 05 Mar 2008 11:57
Last Modified: 01 Oct 2010 08:51
URI: http://eprints.lse.ac.uk/id/eprint/3726

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics