The Impact of Intellectual Property Rights on Commercialization of University Research

30 Pages Posted: 17 Jun 2019 Last revised: 11 Jun 2020

See all articles by Rafael A. Corredoira

Rafael A. Corredoira

Fisher College of Business - The Ohio State University

Brent D. Goldfarb

University of Maryland - Robert H. Smith School of Business

Seojin Kim

University of Maryland, Robert H. Smith School of Business

Anne Marie Knott

Washington University in St. Louis - John M. Olin Business School

Date Written: April 5, 2020

Abstract

One of the foundational assumptions of patent law is that imbuing inventions with intellectual property rights (IPR) is necessary to bring forth innovation. We test this foundational assumption by examining the impact of IPR on commercialization of university research. Using the full set of US public firms who patented and conducted research over the period 1976 to 2007, we find little evidence that university research protected by IPR had higher commercialization relative to university research in the public domain. Indeed, if anything, university research in the public domain appears to have slightly greater commercialization.

Keywords: R&D, patents, publications, university research, Bayh-Dole Act, commercialization, innovation, intellectual property rights

JEL Classification: H59, K39,l24, l38, O34, O38

Suggested Citation

Corredoira, Rafael A. and Goldfarb, Brent D. and Kim, Seojin and Knott, Anne Marie, The Impact of Intellectual Property Rights on Commercialization of University Research (April 5, 2020). Available at SSRN: https://ssrn.com/abstract=3399626 or http://dx.doi.org/10.2139/ssrn.3399626

Rafael A. Corredoira

Fisher College of Business - The Ohio State University ( email )

2100 Neil Avenue
Columbus, OH 43210-1144
United States

Brent D. Goldfarb

University of Maryland - Robert H. Smith School of Business ( email )

College Park, MD 20742-1815
United States
301-405-9672 (Phone)
301-314-8787 (Fax)

Seojin Kim

University of Maryland, Robert H. Smith School of Business ( email )

College Park, MD
United States

Anne Marie Knott (Contact Author)

Washington University in St. Louis - John M. Olin Business School ( email )

One Brookings Drive
Campus Box 1156
St. Louis, MO 63130-4899
United States

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