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The impact of private ownership, incentives and local development objectives on university technology transfer performance

机译:私有制,激励措施和地方发展目标对大学技术转让绩效的影响

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摘要

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.
机译:我们研究了私有制,激励性薪酬和地方发展目标对大学许可绩效的影响。我们使用新的调查信息以及1995-99年美国大学的面板数据,开发并测试了技术许可办公室的简单合同模式。我们发现,私立大学比公立大学更可能采用激励性薪酬,但是所有权并不影响使用激励性薪酬的许可绩效。采用激励性薪酬将使每个许可证的收入增加约30-40%。具有强大的本地发展目标的大学每许可产生的收入减少约30%,但更有可能许可给本地(州内)初创公司使用。此外,我们表明政府对大学许可活动的限制成本很高。在已放弃的许可证收入和创建初创公司方面。这些结果对于观察到的和未观察到的异质性的对照是可靠的。

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  • 年度 2007
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  • 原文格式 PDF
  • 正文语种 {"code":"en","name":"English","id":9}
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