| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3910 |
| DP3910 The Euro is Good After All: Evidence from Corporate Valuations | |
| Arturo Bris; Yrjö Koskinen; Mattias Nilsson | |
| 发表日期 | 2003-05-25 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | Using data on U.S. universities, we show that universities that give higher royalty shares to faculty scientists generate greater license income, controlling for university size, academic quality, research funding and other factors. We use pre-sample data on university patenting to control for the potential endogeneity of royalty shares. We find that scientists respond both to cash royalties and to royalties used to support their research labs, suggesting both pecuniary and intrinsic (research) motivations. The incentive effects appear to be larger in private universities than in public ones, and we provide survey evidence indicating this may be related to differences in the use of performance pay, government constraints, and local development objectives of technology license offices. Royalty incentives work both by raising faculty effort and sorting scientists across universities. The effect of incentives works primarily by increasing the quality (value) rather than the quantity of inventions. |
| 主题 | Industrial Organization |
| 关键词 | Incentives Royalties Licensing Technology transfer Academic research Intellectual property |
| URL | https://cepr.org/publications/dp3910 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532902 |
| 推荐引用方式 GB/T 7714 | Arturo Bris,Yrjö Koskinen,Mattias Nilsson. DP3910 The Euro is Good After All: Evidence from Corporate Valuations. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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