Do company-owned academic patents influence firm performance? Evidence from the Italian industry

Cerulli, Giovanni; Pierucci, Eleonora; Potì, Bianca

doi:10.1007/s10961-020-09840-3

Cited by 8 publications

(5 citation statements)

References 59 publications

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“…where X denotes the control variable matrix in the econometric model. As Cerulli et al (2020) underlined, pre-and post-treatment eff ects are visible in this approach. The lag eff ect is vital for the R&D-led growth approach; in other words, the current treatment (in the present study: R&D expenditures) aff ects future fi rm growth.…”

Section: Dataset Methodology and Hypothesismentioning

confidence: 93%

Evaluation of Relative R&D-led Growth with Specific Reference to Heterogeneous Time-varying R&D Decision: A Novel Approach

Doruk¹

2023

Prague Economic Papers

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The relationship between R&D expenditures and firm growth is examined for a cross-country firm-level dataset for the EU countries in the period from 1989 to 2019. A panel dynamic average treatment effect is estimated using a panel time-varying dynamic difference-indifferences model. The methodology can be counted as novel. The results show a positive and significant relationship between R&D and firm growth within the first five years of R&D investment in the 22 EU countries, over 700 firms and 30 years. The main novelty of the present study comes from examining the time-varying effect of R&D expenditures on firm growth for manufacturing firms in EU countries.

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Section: Dataset Methodology and Hypothesismentioning

confidence: 93%

Evaluation of Relative R&D-led Growth with Specific Reference to Heterogeneous Time-varying R&D Decision: A Novel Approach

Doruk¹

2023

Prague Economic Papers

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“…Li et al stated that the co-ownership has a negative impact on patent commercialization: industry-academia patents are less probable to be commercialized [90]. Cerulli et al focalized their attention on the impact of academic patents on firm's performance, and they stated that there is a positive impact on market power but a lower profitability [91]. Certainly, academic scientific research is beneficial to industry because allows it to enlarge their capability to explore and develop new solutions and technological fields [92]; however, there is still dramatically limited empirical evidence on the impact of academic patents on business performance [91].…”

Section: Discussionmentioning

confidence: 99%

Best Practices in Knowledge Transfer: Insights from Top Universities

et al. 2022

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The impact of knowledge transfer induced by universities on economy, society, and culture is widely acknowledged; nevertheless, this aspect is often neglected by university rankings. Here, we considered three of the most popular global university rankings and specific knowledge transfer indicators by U-multirank, a European ranking system launched by the European Commission, in order to answer to the following research question: how do the world top universities, evaluated according to global university rankings, perform from a knowledge transfer point of view? To this aim, the top universities have been compared with the others through the calculation of a Global Performance Indicator in Knowledge Transfer (GPI KT), a hierarchical clustering, and an outlier analysis. The results show that the universities best rated by global rankings do not always perform as well from knowledge transfer point of view. By combining the obtained results, it is possible to state that only 5 universities (Berkeley, Stanford, MIT, Harvard, CALTEC), among the top in the world, exhibit a high-level performance in knowledge transfer activities. For a better understanding of the success factors and best practices in knowledge transfer, a brief description of the 5 cited universities, in terms of organization of technology transfer service, relationship with business, entrepreneurship programs, and, more generally, third mission activities, is provided. A joint reading of the results suggests that the most popular global university rankings probably fail to effectively photograph third mission activities because they can manifest in a variety of forms, due to the intrinsic and intangible nature of third mission variables, which are difficult to quantify with simple and few indicators.

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“…This work also adopts additional indicators to explore the characteristics of university patents, although these have not been directly associated with the basicness of research content. For instance, patent family size is generally employed to measure the value of university and non-university patents, with a larger patent family size representing greater value (Sterzi et al, 2019 ) or quality (Cerulli et al, 2021 ). Another common indicator in the literature is patent scope, which has been adopted to measure complexity (Barbieri et al, 2020 ) as it represents the distinct technological components within an invention.…”

Section: Background Literaturementioning

confidence: 99%

A patent-based analysis of the evolution of basic, mission-oriented, and applied research in European universities

2023

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The dynamics of basic and applied research at university and industry have steadily changed since the Eighties, with the private sector reducing its investments in science and universities experiencing significant remodelling in the governance of their funding. While studies have focussed on documenting these changes in industry, less attention has been paid to observe the trajectories of basic and applied research in universities. This work contributes to fill this gap by looking at the evolution of publicly funded research that has been patented by universities between 1978 and 2015. First, we adopt a critical perspective of the basic versus applied dichotomy and identify patents according to three typologies of research: basic, mission-oriented, and applied research. Second, we describe the evolution of these three typologies in universities compared to industry. Our results show that over the years, patents from academic research that was publicly funded have become more oriented towards pure basic research, with mission-oriented basic research and pure applied research decreasing from the late 1990s. These results complement and extend the literature on basic and applied research dynamics in the private sector. By introducing mission-oriented research as a type of basic research with consideration of use, the work problematises the basic and applied research dichotomy and provides insights into the evolution of academic research focus, offering a more complex picture of how university research contributes to industry and broader social value creation.

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Do company-owned academic patents influence firm performance? Evidence from the Italian industry

Cited by 8 publications

References 59 publications

Evaluation of Relative R&D-led Growth with Specific Reference to Heterogeneous Time-varying R&D Decision: A Novel Approach

Evaluation of Relative R&D-led Growth with Specific Reference to Heterogeneous Time-varying R&D Decision: A Novel Approach

Best Practices in Knowledge Transfer: Insights from Top Universities

A patent-based analysis of the evolution of basic, mission-oriented, and applied research in European universities

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