Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/32651
Authors: 
Buenstorf, Guido
Geissler, Matthias
Year of Publication: 
2009
Series/Report no.: 
Papers on economics and evolution 0920
Abstract: 
Using a new dataset encompassing more than 2,200 inventions made by Max Planck Society researchers from 1980 to 2004, we explore how licensee and technology characteristics affect the licensing and commercialization of technologies from public research. We find no evidence that spin-offs and external licensees systematically differ in their likelihood of successful commercialization. Technologies licensed to foreign firms are less often commercialized, which may reflect selection effects. Patented technologies and inventions by senior scientists are more likely to be licensed, but patent protection is related to lower commercialization odds and lower royalty payments.
Subjects: 
Licensing
public research
cognitive distance
entrepreneurship
Max Planck society
JEL: 
L26
O32
O34
Document Type: 
Working Paper

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