RETHINKING THE COMMERCIALIZATION OF PUBLIC SCIENCE: FROM ENTREPRENEURIAL OUTCOMES TO SOCIETAL IMPACTS
File(s)
Accepted version
Author(s)
Fini, Riccardo
Rasmussen, Einar
Siegel, Donald
Wiklund, Johan
Type
Journal Article
Abstract
Studies have demonstrated the importance of scientific research for innovation and economic performance at the firm and regional levels, and policymakers have extensively supported the commercialization of public science. However, we still lack theoretical and empirical evidence on the link between the commercialization of public science and broader societal impacts. Specifically, despite a large body of evidence on the determinants of science commercialization, mainly addressed in the literature on academic entrepreneurship, the consequences of such activities remain less explored. In this article, we seek to fill this void by viewing science commercialization as a means rather than as a final outcome. Instead of mapping the direct outcomes of the science commercialization process, mostly achieved through entrepreneurial activities, we see science commercialization as an enabler of broader societal impacts. This article outlines a research agenda on the societal impacts of science commercialization by extending current theories, data, and methods and exploring the need to consider ethical concerns and who is benefiting from these impacts.
Date Issued
2018-02-15
Date Acceptance
2018-02-01
Citation
ACADEMY OF MANAGEMENT PERSPECTIVES, 2018, 32 (1), pp.4-20
ISSN
1558-9080
Publisher
Academy of Management
Start Page
4
End Page
20
Journal / Book Title
ACADEMY OF MANAGEMENT PERSPECTIVES
Volume
32
Issue
1
Copyright Statement
© 2018 Academy of Management
Identifier
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000428015300002&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
Subjects
Social Sciences
Business
Management
Business & Economics
UNIVERSITY-INDUSTRY COLLABORATION
RESEARCH-AND-DEVELOPMENT
SPIN-OFF COMPANIES
BAYH-DOLE ACT
TECHNOLOGY-TRANSFER
ACADEMIC ENTREPRENEURSHIP
HIGHER-EDUCATION
US UNIVERSITIES
UNITED-STATES
START-UPS
Publication Status
Published