The Bayh-Dole Act Revisited: The Impact of Intellectual Property Rights on Commercialization of University Research

42 Pages Posted: 17 Jun 2019

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, Students

Anne Marie Knott

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

Date Written: May 22, 2019

Abstract

The National Institute of Standards and Technology (NIST)’s recent ROI Initiative for Unleashing American Innovation has similar goals and assumptions to its predecessor, the Bayh-Dole Act from 40 years ago. Thus, it is worth examining the record of the BDA while the ROI Initiative is still being fleshed out. While research has examined the impact of the BDA using measures collected at universities, universities cannot commercialize innovations, only firms can. Accordingly, we examine the downstream impact of the BDA on commercialization of university research by firms.

Using the full set of US public firms who patent and conduct R&D over the period 1976 to 1997, we found no evidence university research protected by IP rights (patents) had higher commercialization relative to university research in the public domain (publications). 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

JEL Classification: H59, K39,O34, O38

Suggested Citation

Corredoira, Rafael A. and Goldfarb, Brent D. and Kim, Seojin and Knott, Anne Marie, The Bayh-Dole Act Revisited: The Impact of Intellectual Property Rights on Commercialization of University Research (May 22, 2019). 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, Students ( 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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