Licensing of University Science: Tacitness and the Impact of Invention and Governance Capability on Contract Type
نویسندگان
چکیده
We study a research site wherein technology and governance capabilities are loosely coupled. This allows us to examine the main effect of governance capability on contract structure. Furthermore, we focus on the tacitness of the invention to argue that it not only predicts contract structure but also moderates the relationships between invention or governance capability and contract structure. We test our predictions using decisions on the choice of fixed versus performance contracts to license 1,049 technologies from a large university. The results illustrate conditions under which, at the same level of invention or governance capability, inventions are commercialized through different contractual structures.
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