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首页> 外文期刊>The Journal of Technology Transfer >Strategic timing of academic commercialism: evidence from technology transfer
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Strategic timing of academic commercialism: evidence from technology transfer

机译：学术商业主义的战略时机：技术转让的证据

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摘要

While the markets for technology have received considerable attention because of the contribution to management and economy, universities and government research institutes have risen as important providers of technology. Their early licensing agreements may contribute to enhancing the licensor’s productivity, the licensee’s competency, and the efficiency of national innovation system. However, later licensing agreements enhance the licensor’s bargaining power. Thus, the timing of licensing is not only a policy consideration at the national level but also a key strategic consideration at the R&D entity level. We first theoretically claim that the ability to “invent around” determines the impact of uncertainty attenuation on the timing of licensing on the condition of market friction. Based on this claim, the paper argues that technology transfers from public research organizations differ from inter-firm licensing transactions in regard to their timing patterns. Using the data of commercialization activity through national R&D programs in South Korea, we empirically find that resolving uncertainties rather delays the licensing time for technology transfers, as opposed to inter-firm transactions. In addition, our findings provide evidence of frictions related to search costs associated with the unique nature of R&D processes in public research organizations.
机译：由于对管理和经济的贡献，技术市场受到了极大的关注，但大学和政府研究机构已成为重要的技术提供者。他们早期的许可协议可能有助于提高许可人的生产率，被许可人的能力以及国家创新系统的效率。但是，以后的许可协议增强了许可人的议价能力。因此，许可的时间不仅是国家层面的政策考虑因素，还是研发实体层面的关键战略考虑因素。我们首先在理论上声称，“发明创造”的能力决定了在市场摩擦条件下不确定性衰减对许可时间的影响。基于这一主张，本文认为，公共研究组织的技术转让与企业间许可交易的时间安排有所不同。利用韩国国家研发计划通过商业化活动获得的数据，我们凭经验发现，解决不确定性反而会延迟技术转让的许可时间，而不是公司间交易。此外，我们的研究结果提供了与公共研究组织研发过程的独特性质相关的搜索成本相关摩擦的证据。

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