Determinants of inter-firm technology licensing in the EU |
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| Authors: | Young Jun Kim George Clarke |
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| Affiliation: | 1. A.R. Sanchez, Jr. School of Business , Texas A&2. M International University, 5201 University Boulevard , Laredo, TX 78041, USA;3. Technology Management, Economics and Policy Program, Seoul National University , Seoul, Korea youngjun.kim@tamiu.edu;5. M International University, 5201 University Boulevard , Laredo, TX 78041, USA |
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| Abstract: | This article investigates the determinants of technology licensing, focusing on how country-specific characteristics affect technology holders’ incentives to sell their proprietary technologies through licensing alliances. An empirical examination of licensing is done using a unique panel data set of licensing transactions involving companies in the EU. The strength of Intellectual Property Rights (IPR) protection, the degree of economic freedom, the level of country risk, and the number of patent granted in the country are found to be important determinants of inter-firm technology licensing. In addition, firms with prior independent experience as a licensor and public companies tend to license technology more. |
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| Keywords: | EU technology licensing intellectual property rights transaction cost |
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