The impact of private ownership, incentives and local development objectives on university technology transfer performance
By: Sharon Belenzon and Mark Schankerman.
Contributors: Schankerman, Mark.; Belenzon, Sharon.; London School of Economics and Political Science. Centre for Economic Performance.
Series: CEP discussion paper -- no. 779
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Published: 2007
Place of publication: London
Language: eng
Format: Electronic resource
Description: We study the impact of private ownership, incentive pay and local development objectives on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for 1995-99. We find that private universities are much more likely to adopt incentive pay than public ones, but ownership does not affect licensing performance conditional on the use of incentive pay. Adopting incentive pay is associated with about 30-40 percent more income per license. Universities with strong local development objectives generate about 30 percent less income per license, but are more likely to license to local (in-state) startup companies. In addition, we show that government constraints on university licensing activity are .costly. in terms of foregone license income and the creation of start-up companies. These results are robust to controls for observed and unobserved heterogeneity.
Notes: Title from publisher's abstract page (viewed on Jan. 3, 2008).

Originally published as: Harnessing success : determinants of university technology licensing performance, published in February 2007.

"Revised, September 2007."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.