Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56831 
Year of Publication: 
2011
Series/Report no.: 
Jena Economic Research Papers No. 2011,061
Publisher: 
Friedrich Schiller University Jena and Max Planck Institute of Economics, Jena
Abstract: 
Using a new dataset with detailed geographic information about licensing activities of the Max Planck Society, Germany's largest non-university public research organization, we analyze how the probability and magnitude of commercial success are affected by geographic distance between licensors and licensees. Our evidence suggests that proximity is not generally associated with superior commercialization outcomes. A negative association between distance and commercialization success is identified only for the specific cases of, first, spin-off licensees located outside Germany and, second, foreign licensees within the subsample of inventions with multiple licensees.
Subjects: 
academic inventions
licensing
spin-off entrepreneurship
geographic distance
JEL: 
L24
L26
O34
R30
Document Type: 
Working Paper

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