Papers in Innovation Studies, CIRCLE, Center for Innovation, Research and Competences in the Learning Economy, Lund University
Organizational paths of commercializing patented inventions: The effects of transaction costs, firm capabilities, and collaborative ties
() and John P. Walsh
Abstract: This study examines the factors affecting modes of
commercializing patented inventions using a novel dataset based on a survey
of U.S. inventors. We find that technological uncertainty and possessing
complementary assets raise the propensity for internal commercialization.
We find that R&D collaboration with firms in a horizontal relationship is
likely to increase the propensity to license the invention. In addition,
the paper shows that macro-level environment conditions that affect
exchange conditions, such as technology familiarity, influence the effects
of capabilities on governance choice.
Keywords: transaction cost economics; knowledge-based view; collaboration ties; commercialization; innovation; patent; (follow links to similar papers)
JEL-Codes: O32; (follow links to similar papers)
56 pages, April 11, 2011
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