Impact of university intellectual property policy on the performance of university-industry research collaboration

Despite the expectation of various advantages, university-industry research collaboration (UIC), a relationship between two different worlds, often faces serious conflicts. The performance of UIC depends on the research partners’ strategies and institutional designs through which they seek to mitiga...

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Bibliographic Details
Published in:The Journal of technology transfer 2013-06, Vol.38 (3), p.273-301
Main Authors: Okamuro, Hiroyuki, Nishimura, Junichi
Format: Article
Language:English
Subjects:
Analysis
Business and Management
Collaboration
Colleges & universities
Colleges and universities
Commercial Law
Conflict
Contracts
cooperative research
Economic Growth
Empirical analysis
Hypotheses
Incentives
Industrial Organization
Industrial research
Innovation/Technology Management
Innovations
Intellectual property
issues and policy
Japan
Licenses
Literature reviews
Management
Mediation
Merit pay
Participation
Policies
Productivity
Property, Intellectual
R&D
Research & development
Revenue
Royalties
Science
Strategy
Studies
Success
Surveys
Technology transfer
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Summary:Despite the expectation of various advantages, university-industry research collaboration (UIC), a relationship between two different worlds, often faces serious conflicts. The performance of UIC depends on the research partners’ strategies and institutional designs through which they seek to mitigate these conflicts and increase partner incentives. We pay special attention to the role of the university intellectual property (IP) policy, formally introduced to Japan in 2003, as the basis of UIC contracts and empirically examine its impact on the performance of UIC projects, considering the factors in firms’ participation in UIC. We argue that the university IP policy that is equitable in sharing revenue and royalty from innovative outcomes and applied flexibly according to the partner’s needs may contribute to improving project performance by enhancing the commitment of firms, and we test our hypotheses using a sample of Japanese firms obtained from our original survey. The estimation results support the hypotheses, although the mediation via the firm’s commitment only partially explains the relationship between the university IP policy and UIC performance.
ISSN:0892-9912
0892-9912
1573-7047
DOI:10.1007/s10961-012-9253-z