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
Date Written: April 27, 2011
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
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