Economics at your fingertips  

Public technology transfer, commercialization and business growth

Jae-Woong Min, YoungJun Kim and Nicholas S. Vonortas

European Economic Review, 2020, vol. 124, issue C

Abstract: This study analyzes the conditions for the commercialization of public technologies transferred to the private sector and the subsequent effect on business growth. We focus on the commercial exploitation of technologies transferred by universities and public research institutes (U&PRIs) to companies. The empirical analysis uses detailed information regarding an extensive set of actual instances of public-private technology transfer in Korea (514 cases of technologies transferred by 43 major U&PRIs) to highlight the role of company absorptive capacity and internal innovation capabilities, cooperation with U&PRIs, and the intensity of market competition in determining commercialization success and business growth. We find that the intensity of market competition significantly influenced the paths along which absorptive capacity and internal innovation capacity affected successful commercialization, and successful commercialization in turn affected business growth. Effective partnership is a key factor of the successful commercialization of transferred technologies irrespective of market situations. Absorptive capacity contributes to their short-term success and long-term growth when market competition is strong.

Keywords: Technology transfer; Commercialization of technology; Public–private partnership; Absorptive capacity; Market competition (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.euroecorev.2020.103407

Access Statistics for this article

European Economic Review is currently edited by T.S. Eicher, A. Imrohoroglu, E. Leeper, J. Oechssler and M. Pesendorfer

More articles in European Economic Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2021-09-11
Handle: RePEc:eee:eecrev:v:124:y:2020:i:c:s0014292120300398