The Halo Effect and Technology Licensing: The Influence of Institutional Prestige on the Licensing of University Inventions
2003; Institute for Operations Research and the Management Sciences; Volume: 49; Issue: 4 Linguagem: Inglês
10.1287/mnsc.49.4.478.14416
ISSN1526-5501
AutoresWesley Sine, Scott Shane, Dante Di Gregorio,
Tópico(s)Innovation Policy and R&D
ResumoSociologists and organizational theorists have long claimed that the processes of knowledge creation and distribution are fundamentally social. Following in this tradition, we explore the effect of institutional prestige on university technology licensing. Empirically, we examine the influence of university prestige on the annual rate of technology licensing by 102 universities from 1991–1998. We show that institutional prestige increases a university's licensing rate over and above the rate that is explained by the university's past licensing performance. Because licensing success positively impacts future invention production, we argue that institutional prestige leads to stratification in the creation and distribution of university-generated knowledge.
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