Siegel, Donald, Wright, Mike, Chapple, Wendy and Lockett, Andy. (2008) Assessing the relative performance of university technology transfer in the US and the UK : a stochastic distance function approach. Economics of Innovation and New Technology, Vol.17 (No.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
Subjects:	H Social Sciences > HJ Public Finance
Divisions:	Faculty of Social Sciences > Warwick Business School > Centre for Small & Medium-Sized Enterprises Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Economics of Innovation and New Technology
Publisher:	Routledge
ISSN:	1043-8599
Date:	2008
Volume:	Vol.17
Number:	No.7-8
Number of Pages:	13
Page Range:	pp. 717-729
Identification Number:	10.1080/10438590701785769
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
URI:	http://wrap.warwick.ac.uk/id/eprint/44567

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