Universities are engaging in more licensing and patenting activities than ever before, and the amount of research funded by industry is increasing. Academics' commercialization activities may inhibit traditional academic scholarship. If the output of such scholarship is an important
input into technological innovation and economic growth, then such an inhibition would be cause for concern. We introduce new instruments and techniques and demonstrate them using a novel panel dataset of academic electrical engineers from Stanford University. We find no evidence that engaging
in inventive activity reduces the quantity of scientific output and some evidence that it increases its quality.
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Document Type: Research Article
Robert H. Smith School of Business, University of Maryland, College Park, MD, USA
John F. Kennedy School of Government, Harvard University, Cambridge, MA, USA
University at Albany, SUNY, Albany, NY, USA
Publication date: 01 January 2009
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