Udskriv

The potential for rent dissipation has been argued to be the main cause of firms? licensing out behavior being stifled.However, this aspect has been scarcely studied empirically. We draw on rent dissipation arguments, and hypothesize that firms suffering from the not-invented-here (NIH) syndrome, firms in competitive product markets, and firms that have incurred substantial sunk cost are associated with lower rates of technology out-licensing. We also posit that sunk costs negatively moderate the relationship between competition in the licensor?s product market, and licensing rate. We test our hypotheses using a sample of 151 licensors involved in licensing contracts in the U.S. pharmaceutical industry during the period 1984-2004. We find broad support for our theoretical arguments.

Publikationsoplysninger

OriginalsprogEngelsk
Publikationsdato2015
Antal sider28
StatusUdgivet - 2015
BegivenhedThe DRUID Society Conference 2015 - LUISS Business School, Rome, Italien
Varighed: 15 jun. 201517 jun. 2015
Konferencens nummer: 37
http://druid8.sit.aau.dk/druid/registrant/index/login/cid/16

Konference

KonferenceThe DRUID Society Conference 2015
Nummer37
LokationLUISS Business School
LandItalien
ByRome
Periode15/06/201517/06/2015
SponsorLUISS Guido Carli - Libera Università Internazionale degli Studi Sociali Guido Carli
Internetadresse

ID: 43973302