Management Science and Financial Engineering

The Korean Operations Research and Management Science Society (한국경영과학회)
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Examining Incentives to License Technology in U.S. High-Tech Industries

  • Kim, Young-Jun (Adjunct Professor, Department of Economics. The George Washington University)
  • Published : 2004.05.01
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Abstract

This paper empirically investigates potential factors that might affect firms' incentives to license out technology. The analysis is done with the help of a panel data set of observed licensing transactions involving U.S. public companies in high-technology industries. The important explanatory factors relate to the firm characteristics such as the company's stock of technological knowledge (patent stock). prior involvement in technology licensing. the company size, R&D intensity and capital expenditure. The results suggest that there seems to be significant inter-sectoral differences as well as similarities in determinants of the propensity to transfer technology through licensing agreements.

Keywords

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