Publication Type
Journal Article
Version
acceptedVersion
Publication Date
4-2019
Abstract
We study the role of the relationship among inventors and intermediaries in the licensing of university inventions. We suggest that a prior inventor-intermediaries relationship positively influences licensing rates through selective retention of higher quality relationships and mutual learning in the relationship, enabling intermediaries to reduce both information asymmetry and search costs between inventors and potential licensees. We argue that the influence of a prior inventor-intermediaries relationship on licensing is especially important before intellectual property protection is attained and can be substituted by the buyer-side contacts of inventors and intermediaries. We test these predictions using 919 inventions from the technology transfer office at Stanford University. This study has implications for the policies and design of university technology licensing organizations.
Keywords
Prior Relationship, Intermediaries, Licensing, Academic Science, Intellectual Property
Discipline
Strategic Management Policy | Technology and Innovation
Research Areas
Strategy and Organisation
Publication
Research Policy
Volume
48
Issue
3
First Page
813
Last Page
829
ISSN
0048-7333
Identifier
10.1016/j.respol.2018.11.007
Publisher
Elsevier
Embargo Period
11-28-2018
Citation
KIM, Young-Choon; RHEE, Mooweon; and Reddi KOTHA.
Many hands: The effect of the prior inventor-intermediaries relationship on academic licensing. (2019). Research Policy. 48, (3), 813-829.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/5934
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1016/j.respol.2018.11.007