Drawing on contractual economics and innovation management, licensing-in is hypothesized to accelerate licensees’ invention process. Studying a matched dataset of licensees and nonlicensees, licensees are shown to be faster at inventing, but the effect is negated if the license includes a grant-back clause, shifting incentives from licensee to licensor. Also, the effect is significantly reduced if the licensee is unfamiliar with the licensed technology. The effect of the grant-back clause is offset if the licensee is unfamiliar with the licensed technology, suggesting that the licensee retains the incentives to invent under these circumstances.

Licensing Fosters Rapid Innovation! The Effect of the Grant-Back clause and Technological Unfamiliarity / Leone, MARIA ISABELLA; T., Reichstein. - In: STRATEGIC MANAGEMENT JOURNAL. - ISSN 0143-2095. - STAMPA. - 33:8(2012), pp. 965-985. [10.1002/smj.1950]

Licensing Fosters Rapid Innovation! The Effect of the Grant-Back clause and Technological Unfamiliarity

LEONE, MARIA ISABELLA;
2012

Abstract

Drawing on contractual economics and innovation management, licensing-in is hypothesized to accelerate licensees’ invention process. Studying a matched dataset of licensees and nonlicensees, licensees are shown to be faster at inventing, but the effect is negated if the license includes a grant-back clause, shifting incentives from licensee to licensor. Also, the effect is significantly reduced if the licensee is unfamiliar with the licensed technology. The effect of the grant-back clause is offset if the licensee is unfamiliar with the licensed technology, suggesting that the licensee retains the incentives to invent under these circumstances.
Licensing Fosters Rapid Innovation! The Effect of the Grant-Back clause and Technological Unfamiliarity / Leone, MARIA ISABELLA; T., Reichstein. - In: STRATEGIC MANAGEMENT JOURNAL. - ISSN 0143-2095. - STAMPA. - 33:8(2012), pp. 965-985. [10.1002/smj.1950]
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11385/68861
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