TY - JOUR
T1 - Do firms with technological capabilities rush in? Evidence from the timing of licensing of Stanford inventions
AU - Kim, Young Choon
AU - Kotha, Reddi
AU - Rhee, Mooweon
N1 - Publisher Copyright:
© 2024 Elsevier Inc.
PY - 2024/5
Y1 - 2024/5
N2 - This study investigates the influence of licensees’ technological capabilities on the timing of technology licensing in university technology commercialization. Drawing on the appropriation-collaboration tension from the literature on university technology licensing and intellectual property management, we propose that while the licensee's technological capabilities drive early licensing by averting technological obsolescence, this effect diminishes significantly with an overlap in the technological domain of the focal invention due to expropriation concerns. Cox regression analysis of Stanford University's invention dataset confirmed our hypotheses. This research reveals that technology licensing experiences delays with the most suitable licensees, namely, those with strong technological capabilities in the knowledge domain of the invention for licensing. This study contributes theoretical insights to the technology market literature and provides practical implications for licensing managers and industry partners in technology commercialization.
AB - This study investigates the influence of licensees’ technological capabilities on the timing of technology licensing in university technology commercialization. Drawing on the appropriation-collaboration tension from the literature on university technology licensing and intellectual property management, we propose that while the licensee's technological capabilities drive early licensing by averting technological obsolescence, this effect diminishes significantly with an overlap in the technological domain of the focal invention due to expropriation concerns. Cox regression analysis of Stanford University's invention dataset confirmed our hypotheses. This research reveals that technology licensing experiences delays with the most suitable licensees, namely, those with strong technological capabilities in the knowledge domain of the invention for licensing. This study contributes theoretical insights to the technology market literature and provides practical implications for licensing managers and industry partners in technology commercialization.
KW - Expropriation
KW - Technological capability
KW - Technological overlap
KW - Technology licensing
KW - University technology
UR - http://www.scopus.com/inward/record.url?scp=85190875009&partnerID=8YFLogxK
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U2 - 10.1016/j.jbusres.2024.114679
DO - 10.1016/j.jbusres.2024.114679
M3 - Article
AN - SCOPUS:85190875009
SN - 0148-2963
VL - 178
JO - Journal of Business Research
JF - Journal of Business Research
M1 - 114679
ER -