Commercializing Knowledge: University Science, Knowledge Capture, and Firm Performance in Biotechnology - Science & Cents conference proceedings 2002 - FRB Dallas
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چکیده
Our research program over the past 10 years has focused on the use of basic science knowledge in commercial firms and the impact of that knowledge on firm performance. In our earlier research, we have found substantial consistent evidence that top academic science, specifically the star scientists who make most of the defining discoveries, provides intellectual human capital that defines the technology of the firm—at least following scientific breakthroughs. Although there are likely to be considerable spillover effects when knowledge is created or employed (Jaffe 1986, 1989), and perhaps also an important symbolic and legitimating function of high quality science for commercial activity (Stephan and Everhart 1998), our empirical work identifies the main and robust empirical effects due to real scientific labor contributions of star scientists to performance of the firm. To “detect” stars and quantify their labor contributions to firms, we identified 327 “star” bio-scientists worldwide based on their publications of geneticsequence discovery articles up to early 1990 before gene-sequencing machines were in widespread use. Stars were those cumulatively reporting more than 40 genetic-sequence discoveries or on 20 or more articles reporting any geneticsequence discoveries in GenBank (1990). We identified every “star” article on which
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Commercializing Knowledge: University Science, Knowledge Capture, and Firm Performance in Biotechnology - Science & Cents conference 2002 - FRB Dallas
Our research program over the past 10 years has focused on the use of basic science knowledge in commercial firms and the impact of that knowledge on firm performance. In our earlier research, we have found substantial consistent evidence that top academic science, specifically the star scientists who make most of the defining discoveries, provides intellectual human capital that defines the te...
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