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http://dx.doi.org/10.14386/SIME.2020.28.1.1

The impacts of government research funds on technology transfers from universities: A longitudinal study on Korean universities  

Park, Keunjoo (서강대학교 기술경영전문대학원)
Lee, Kyootai (서강대학교 기술경영전문대학원)
Publication Information
Journal of Technology Innovation / v.28, no.1, 2020 , pp. 1-30 More about this Journal
Abstract
The government has implemented policies to increase university technology commercialization while supporting university research over time. This paper adopts the neo-institutional theory and examines the effect of change in the government research funds that universities have received overtime on the change in their technology commercialization performance. It also investigates a location (Seoul metro or others) effect on the relationships. Using latent growth curve modeling (LGM), which is widely used for time-varying analysis, this study longitudinally analyzes 138 universities in South Korea over the past nine years from 2009 to 2017. The results indicate that the growth in the annual government research funds that universities attain affects the growth in the economic value of technology transfers. In addition, the relationship is stronger for universities in Seoul metropolitan areas than those in other areas. The relationships are intact with one-year lagging effects. The findings help understand the effectiveness of government R&D policies for promoting technology commercialization.
Keywords
Technology transfer revenues; Government research funds; Neo-institutionalism; Latent growth curve modeling;
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