Licensing-in fosters rapid invention! the effect of the grant-back clause and technological unfamiliarity

• 成果类型: Article
• 署名作者: Leone, Maria Isabella; Reichstein, Toke
• 署名单位: Copenhagen Business School; Universita LUMSA
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.1950
• 发表日期: 2012
• 页码: 965-985
• 关键词: technology in-licensing; invention speed; incentives; grant-back; technological unfamiliarity

摘要

Drawing on contractual economics and innovation management, licensing-in is hypothesized to accelerate licensees' invention process. Studying a matched dataset of licensees and non-licensees, 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. Copyright (c) 2012 John Wiley & Sons, Ltd.