Fuel on the Invention Funnel: Technology Licensing-in, Antecedents and Invention

Boccardelli, Paolo and Leone, Maria Isabella and Magnusson, Mats and Reichstein, Toke (2010) Fuel on the Invention Funnel: Technology Licensing-in, Antecedents and Invention. [Working Paper]. DRUID, Aalborg. p. 35. DRUID Working Paper (10-13). ISBN 978-87-7873-295-8.

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Technology management has so far largely overlooked that licensing-in may represent learning opportunities for the recipient firm. Attention has primarily been directed towards a more tactic explanation for the decision of firms to in-license external technologies. However, increasing empirical evidence witnesses an inducing effect of licensing-in on the inventive behavior of the single firm which, in turn, feeds its development and growth. The aim of this paper is to explore whether licensing-in in fact acts as a catalyst for inventive activities pursued by licensee firms. We employ a two-part model to investigate the inventiveness of 133 licensees compared to an equally sized matched sample of non-licensees. The study reveals that licensees exhibit elevated invention performances compared to non-licensee counterparts. This holds both when considering invention in general and invention in licensed technological class.. In addition, the paper reveals that familiarity with the licensed technology and technological specialization instigates the licensee to pursue a narrow invention strategy as defined by the technological classes of the licensed patent.

Item Type: Report / Paper (Working Paper)
Research documents and activity classification: Working Papers > Non-Refereed Working Papers / of national relevance only
Divisions: Department of Business and Management
Additional Information: Una versione precedente è stata presentata alla DRUID Summer Conference, Copenhagen, June 17-19/2009.
MIUR Scientific Area: Area 13 - Economics and Statistics > SECS-P/08 Corporate Finance
Deposited by: Cristiana Leoni
Date Deposited: 15 Jun 2010 16:42
Last Modified: 21 Apr 2015 23:12
URI: http://eprints.luiss.it/id/eprint/634


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