Do Intellectual Property Rights Increase Commercialization of University Research?

25 Pages Posted: 17 Jun 2019 Last revised: 5 Apr 2022

See all articles by Rafael A. Corredoira

Rafael A. Corredoira

Fisher College of Business - The Ohio State University

Brent 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 3, 2022

Abstract

A foundational assumption of patent law is that vesting inventions with intellectual property (IP) rights increases their commercialization. We test this foundational assumption by examining the impact of IP rights on commercialization of university research. Using the full set of US public firms that patented and conducted research over the period from 1976 to 2007, we see little evidence that university research protected by IP yielded greater commercialization than university research in the public domain. Indeed, if anything, research in the public domain appears to yield slightly greater commercialization.

Keywords: intellectual property rights, patents, publications, university research, IP, Bayh-Dole Act

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

Suggested Citation

Corredoira, Rafael A. and Goldfarb, Brent D. and Kim, Seojin and Knott, Anne Marie, Do Intellectual Property Rights Increase Commercialization of University Research? (April 3, 2022). 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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