Organizational paths of commercializing patented inventions: The effects of transaction costs, firm capabilities, and collaborative ties

Taehyun Jung and John P. Walsh ()
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John P. Walsh : CIRCLE, Lund University, Postal: CIRCLE, Lund University, PO Box 117, SE-22100 Lund, Sweden

No 2011/3, Papers in Innovation Studies from Lund University, CIRCLE - Centre for Innovation Research

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 (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2011-04-11
New Economics Papers: this item is included in nep-cse, nep-ino, nep-ipr, nep-pr~ and nep-ppm
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:lucirc:2011_003

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