Organizational Paths of Commercializing Patented Inventions: The Effects of Transaction Costs, Firm Capabilities, and Collaborative Ties

ICER Working Paper No. 4/2011

36 Pages Posted: 28 Apr 2011

See all articles by John P. Walsh

John P. Walsh

Georgia Institute of Technology

Taehyun Jung

Lund University

Date Written: April 27, 2011

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

Suggested Citation

Walsh, John P. and Jung, Taehyun, Organizational Paths of Commercializing Patented Inventions: The Effects of Transaction Costs, Firm Capabilities, and Collaborative Ties (April 27, 2011). ICER Working Paper No. 4/2011. Available at SSRN: https://ssrn.com/abstract=1824343 or http://dx.doi.org/10.2139/ssrn.1824343

John P. Walsh (Contact Author)

Georgia Institute of Technology ( email )

Atlanta, GA 30332
United States

Taehyun Jung

Lund University ( email )

Box 117
Lund, SC Skane S221 00
Sweden

Register to save articles to
your library

Register

Paper statistics

Downloads
30
Abstract Views
322
PlumX Metrics