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Academic Entrepreneurship : The Bayh-Dole Act versus the Professor's Privilege
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- Astebro, Thomas (author)
- HEC Paris, Entreprneurship, Dept Econ & Decis Sci, Paris, France.
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- Braguinsky, Serguey (author)
- Univ Maryland, Robert H Smith Sch Business, College Pk, MD 20742 USA.;Univ Maryland, Dept Econ, College Pk, MD 20742 USA.;Osaka Univ, ISER, Osaka, Japan.;NBER, Cambridge, MA 02138 USA.
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- Braunerhjelm, Pontus, 1953- (author)
- KTH,Industriell ekonomi och organisation (Inst.)
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- HEC Paris, Entreprneurship, Dept Econ & Decis Sci, Paris, France Univ Maryland, Robert H Smith Sch Business, College Pk, MD 20742 USA.;Univ Maryland, Dept Econ, College Pk, MD 20742 USA.;Osaka Univ, ISER, Osaka, Japan.;NBER, Cambridge, MA 02138 USA. (creator_code:org_t)
- 2018-12-10
- 2019
- English.
- In: Industrial & labor relations review. - : SAGE PUBLICATIONS INC. - 0019-7939 .- 2162-271X. ; 72:5, s. 1094-1122
- Journal article (peer-reviewed)
Abstract
Subject headings
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- Is the Bayh-Dole intellectual property regime associated with more and better academic entrepreneurship than the Professor's Privilege regime? The authors examine data on US PhDs in the natural sciences, engineering, and medical fields who became entrepreneurs in 1993-2006 and compare this to similar data from Sweden. They find that, in both countries, those with an academic background have lower rates of entry into entrepreneurship than do those with a non-academic background. The relative rate of academics starting entrepreneurial firms is slightly lower in the United States than in Sweden. Moreover, the mean economic gains from becoming an entrepreneur are negative, both for PhDs originating in academia and for non-academic settings in both countries. Analysis indicates that selection into entrepreneurship occurs from the lower part of the ability distribution among academics. The results suggest that policies supporting entrepreneurial decisions by younger, tenure-track academics may be more effective than are general incentives to increase academic entrepreneurship.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
Keyword
- academic entrepreneurship
- innovation
- royalty sharing
- Bayh-Dole
- Professor's Privilege
Publication and Content Type
- ref (subject category)
- art (subject category)
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