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  • 한국과학기술정보연구원(KISTI) 서울분원 대회의실(별관 3층)
  • 2024년 07월 03일(수) 13:30
 

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The Difference in the Determinants of Licensing-in and Licensing-out: Evidence from Korean Firms

The Difference in the Determinants of Licensing-in and Licensing-out: Evidence from Korean Firms

동아시아경상학회지 / East Asian Journal of Business Economics, (E)2288-2766
2018, v.6 no.4, pp.47-57
https://doi.org/10.20498/eajbe.2018.6.4.47
박규호 (한신대학교)

Abstract

Purpose – This paper aims to analyze the determinants of licensing behaviors of manufacturing firms empirically in non-advanced exporting countries. Research design and methodology – We try to approach licensing behavior from the perspective of innovation strategy and open innovation, and deal with two activities composing licensing, i.e. licensing-in and licensing-out using the result of Korean Innovation Survey Results – Firstly, Organizational characteristic factors, particularly the size and size related factors influence the firm behavior of licensing-out, but not in case of licensing-in. Secondly, innovation strategy influences the firm behavior of licensing-in, but not in case of licensing-out. Lastly, the determinants of licensing-in and that of licensing-out are different. Conclusions – In general, firms doing licensing–out have many complementary assets and orientation for global markets. Meanwhile, firms doing licensing-in are innovative firms utilizing patent as an appropriation mechanism. Licensing–out have relevance with product market-related factors and licensing-in have more relevance with technology market-related factors

keywords
Licensing-in, Licensing-out, Innovative strategy, Organizational factor, Open innovation, Technology market

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