Harnessing success
Subtitle: determinants of university technology licensing performance
By: Sharon Belenzon and Mark Schankerman
Contributors: Schankerman, Mark; 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 incentive pay, local development objectives and government constraints 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. Stronger government constraints are 'costly' in terms of foregone license income and startup activity. These results are robust to controls for observed and unobserved heterogeneity
Notes: Title from publisher's abstract page (viewed on July 6, 2007).

"February 2007."

Includes bibliographical references.

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