Assessing the relative performance of university technology transfer in the US and UK: a stochastic distance function approach

Siegel, D, Wright, M, Chapple, W ORCID: https://orcid.org/0000-0003-1834-8075 and Lockett, A, 2008. Assessing the relative performance of university technology transfer in the US and UK: a stochastic distance function approach. Economics of Innovation and New Technology, 17 (7-8), pp. 717-729. ISSN 1043-8599

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Abstract

University technology transfer offices (henceforth, TTOs) play a critical role in the diffusion of innovation and the development of new technology infrastructure. Studies of the relative efficiency of TTOs have been based on licensing output measures and data from a single country. In contrast, we present the first cross-country comparison of the relative performance of TTOs, based on stochastic multiple output distance functions. The additional dimension of output considered is the university's propensity to generate start-up companies, based on technologies developed at these institutions. We find that US universities are more efficient than UK universities and that the production process is characterized by either decreasing or constant returns to scale. Universities with a medical school and an incubator are closer to the frontier.

Item Type:	Journal article
Publication Title:	Economics of Innovation and New Technology
Creators:	Siegel, D., Wright, M., Chapple, W. and Lockett, A.
Publisher:	Taylor & Francis
Date:	2008
Volume:	17
Number:	7-8
ISSN:	1043-8599
Identifiers:	Number Type 10.1080/10438590701785769 DOI
Rights:	© 2008 Taylor & Francis.
Divisions:	Schools > Nottingham Business School
Record created by:	Linda Sullivan
Date Added:	30 Nov 2018 11:29
Last Modified:	30 Nov 2018 16:29
URI:	https://irep.ntu.ac.uk/id/eprint/35192

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