 Entrepreneurship and Human Capital: Evidence of Patenting Activity from the Academic SectorStuart D. Allen, Albert Link and Dan Rosenbaum Entrepreneurship Theory and Practice, 2007, vol. 31, issue 6, 937-951 Abstract: This paper presents empirical evidence of the relationship between faculty entrepreneurial activity—quantified in terms of the propensity of U.S. university faculty to work directly with industry on research activities that lead to patents—and human capital, measured in terms of faculty tenure and age. Patenting reflects a unique dimension of faculty entrepreneurship, namely, collaborative activity that results in joint intellectual property. We find that faculty with tenure are more likely to engage in such activity, thus providing suggestive evidence of an externality associated with permanent employment. We also find that older faculty are more likely to engage with industry, to a point, holding tenure constant. Tenure and age proxy, respectively, what we call the “accumulated advantage†of faculty and their absorptive capacity. Because faculty patenting with industry involved both parties, our findings reflect that such faculty experience and expertise are important to industry to enter into a patenting relationship. Finally, we find that male faculty are more likely to patent with industry than female faculty. Date: 2007 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:31:y:2007:i:6:p:937-951 DOI: 10.1111/j.1540-6520.2007.00207.x Access Statistics for this article More articles in Entrepreneurship Theory and Practice |
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