Is Academic Entrepreneurship Good or Bad for Science? Empirical Evidence from the Max Planck Society

Guido Bünstorf ()
Authors registered in the RePEc Author Service: Guido Buenstorf ()

Papers on Economics and Evolution from Max Planck Institute of Economics, Evolutionary Economics Group

Abstract: Based on new data, this paper studies invention disclosure, licensing, and firm formation activities of Max Planck Institute directors over the time period 1985-2004, and analyzes their effects on scientists’ publication and citation records. The results are consistent with prior findings that inventing does not adversely affect research output. More mixed results are obtained with regard to academic entrepreneurship. The analysis raises questions vis-à-vis earlier explanations for positive relationships between inventing and publishing. It finds little evidence than inventors learn from interacting with firms. Likewise, license revenues do not enable scientists to step up their research activities.

Keywords: Basic science; academic entrepreneurship; innovation; licensing; firm formation Length 32 pages (search for similar items in EconPapers)
JEL-codes: I23 L26 M13 O31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-ino, nep-ipr and nep-sog
Date: 2006-11
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Persistent link: http://EconPapers.repec.org/RePEc:esi:evopap:2006-17

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