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Determinants of financial rewards from industry university collaboration in South Korea

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  • Determinants of financial rewards from industry university collaboration in South Korea
  • Han, Junghee; Heshmati, Almas
  • Institute for the Study of Labor


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Title Determinants of financial rewards from industry university collaboration in South Korea
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Material Type Reports
Author(English)

Han, Junghee; Heshmati, Almas

Publisher

Bonn:Institute for the Study of Labor

Date 2013-10
Series Title; No IZA Discussion Paper / 7695
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Industry and Technology < General
Holding Institute for the Study of Labor

Abstract

The external circumstances for universities have been changing rapidly. In order to be competitive, survive, and flourish, universities have shown a growing enthusiasm to generate financial revenues externally. The literature refers to this phenomenon as academic capitalism, defined as the involvement of colleges and faculties in market-like behaviors, which has become a key feature of higher education finances in most countries. As a result, technology transfer, technology commercialization, and patents awarded via industry-university collaboration represent a source of financial rewards. This paper explores the determinants of financial rewards of universities sources from industry-university collaboration in South Korea. We find that among the determinants of financial performances, technology transfer per employee working at technology licensing offices, participation of engineering faculty, patent approvals, the volume of research funds, the number of employees, and firms in incubators within universities turn out to be significant contributors to externally sourced university revenues. (The rest omitted)