Different Yokes for Different Folks: Individual Preferences, Institutional Logics, and the Commercialization of Academic Research

SPANNING BOUNDARIES AND DISCIPLINES: UNIVERSITY TECHNOLOGY COMMERCIALIZATION IN THE IDEA AGE-ADVANCES IN THE STUDY OF ENTREPRENEURSHIP, Gary Libecap and Marie Thursby, eds., Vol. 21, pp. 1–25, Innovation and Economic Growth, 2010

25 Pages Posted: 28 Sep 2010 Last revised: 29 Sep 2013

See all articles by Riccardo Fini

Riccardo Fini

University of Bologna - Department of Management; Imperial College London

Nicola Lacetera

University of Toronto - Strategic Management; University of Toronto at Mississauga - Department of Management; National Bureau of Economic Research (NBER)

Date Written: September 27, 2010

Abstract

In this chapter, we review the literature that analyzes how the peculiar missions, rules, and incentive systems in the scientific community affect the process and outcomes of the commercialization of academic research. We will focus on how the peculiar institutional logics of academia determine the decision of academics to commercialize their research, and how these logics affect the outsourcing of research from firms to academic laboratories, as well as the attempts of firms to reproduce academic incentive systems within their research labs by allowing their researchers to publish and offering them financial rewards based on their standing in the scientific community. Finally, we report on research that has analyzed how the rules of the scientific community might lead to the production, transfer, and commercialization of false knowledge.

Keywords: commercialization of academic research, institutional logics, individual preferences, scientific community

JEL Classification: O00

Suggested Citation

Fini, Riccardo and Lacetera, Nicola, Different Yokes for Different Folks: Individual Preferences, Institutional Logics, and the Commercialization of Academic Research (September 27, 2010). SPANNING BOUNDARIES AND DISCIPLINES: UNIVERSITY TECHNOLOGY COMMERCIALIZATION IN THE IDEA AGE-ADVANCES IN THE STUDY OF ENTREPRENEURSHIP, Gary Libecap and Marie Thursby, eds., Vol. 21, pp. 1–25, Innovation and Economic Growth, 2010, Available at SSRN: https://ssrn.com/abstract=1683377

Riccardo Fini (Contact Author)

University of Bologna - Department of Management ( email )

Via Terracini 28
Bologna, 40131
Italy

HOME PAGE: http://www.unibo.it/faculty/riccardo.fini

Imperial College London ( email )

South Kensington Campus
London SW7 2AZ, DC
United Kingdom

HOME PAGE: http://www3.imperial.ac.uk/people/r.fini

Nicola Lacetera

University of Toronto - Strategic Management ( email )

Canada

University of Toronto at Mississauga - Department of Management

Canada

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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