| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11475 |
| 来源ID | Working Paper 11475 |
| University Invention, Entrepreneurship, and Start-Ups | |
| Celestine Chukumba; Richard Jensen | |
| 发表日期 | 2005-07-11 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start-up firm rather than an established firm. The model predicts that university inventions are more likely to occur in start-ups when the technology transfer officers (TTOs) search cost is high, the cost of development or commercialization is lower for a start-up, or the inventor's effort cost in development is lower in a start-up. We test the theory using data from the Association of University Technology Managers, the National Research Council, and the National Venture Capital Association. Licensing is more likely in general, and especially so in start-ups, by universities with higher quality engineering faculty and older TTOs. Start-ups are more likely by universities in states with larger levels of venture capital. TTO size has no effect on start-ups, but does increase licenses. Conversely, universities that earn greater licensing royalties have fewer start-ups but more licenses. The number of start-ups is decreasing in the interest rate, increasing in the S&P 500, and unaffected by levels of industrial research funding and the presence of a medical school. All of these results are consistent with the predictions of our theory. |
| 主题 | Industrial Organization ; Nonprofits ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w11475 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569118 |
| 推荐引用方式 GB/T 7714 | Celestine Chukumba,Richard Jensen. University Invention, Entrepreneurship, and Start-Ups. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11475.pdf（605KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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