We need to talk - or do we? Geographic distance and the commercialization of technologies from public research

Guido Buenstorf and Alexander Schacht ()
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Alexander Schacht: Graduate College "The Economics of Innovative Change", Friedrich Schiller University Jena

No 2011-061, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: Using a new dataset with detailed geographic information about licensing activities of the Max Planck Society, Germany's largest non-university public research organization, we analyze how the probability and magnitude of commercial success are affected by geographic distance between licensors and licensees. Our evidence suggests that proximity is not generally associated with superior commercialization outcomes. A negative association between distance and commercialization success is identified only for the specific cases of, first, spin-off licensees located outside Germany and, second, foreign licensees within the subsample of inventions with multiple licensees.

Keywords: academic inventions; licensing; spin-off entrepreneurship; geographic distance (search for similar items in EconPapers)
JEL-codes: L24 L26 O34 R30 (search for similar items in EconPapers)
Date: 2012-01-06
New Economics Papers: this item is included in nep-ent, nep-geo and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: We need to talk – or do we? Geographic distance and the commercialization of technologies from public research (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2011-061

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