Technology licensing partners

Young Jun Kim, Nicholas S. Vonortas

Research output: Contribution to journalArticle

21 Citations (Scopus)

Abstract

While formal economic theory has tended to focus on strategic behavior in technology licensing within a single industry, empirical analysis in this paper shows that transaction and learning cost considerations factor in heavily when choosing technology licensing partners in multi-industry environments. The probability that two companies will engage in a licensing agreement mainly depends on the relationship between the collaborating firms and on their respective characteristics, including the similarity of their market and technological profiles, familiarity through prior interaction, and previous licensing experience, and on the strength of intellectual property protection in the primary industry of the licensor.

Original languageEnglish
Pages (from-to)273-289
Number of pages17
JournalJournal of Economics and Business
Volume58
Issue number4
DOIs
Publication statusPublished - 2006 Jul

Keywords

  • Licensing
  • Partnership
  • Technology

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics

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