This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Download to citation manager Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Google Scholar Articles by Sine, W. D. Articles by Gregorio, D. D. Search for Related Content

The Halo Effect and Technology Licensing: The Influence of Institutional Prestige on the Licensing of University Inventions

Robert H. Smith School of Business, University of Maryland, 3314 Van Munching Hall, College Park, Maryland 20742
Robert H. Smith School of Business, University of Maryland, 3321 Van Munching Hall, College Park, Maryland 20742
Robert H. Smith School of Business, University of Maryland, 3321 Van Munching Hall, College Park, Maryland, and Anderson School of Management, University of New Mexico, Albuquerque, New Mexico 87131
wsine{at}rhsmith.umd.edu
sshane{at}rhsmith.umd.edu
ddigrego{at}rhsmith.umd.edu

Sociologists and organizational theorists have long claimed that the processes of knowledge creation and distribution are fundamentally social. Following in this tradition, we explore the effect of institutional prestige on university technology licensing. Empirically, we examine the influence of university prestige on the annual rate of technology licensing by 102 universities from 1991–1998. We show that institutional prestige increases a university's licensing rate over and above the rate that is explained by the university's past licensing performance. Because licensing success positively impacts future invention production, we argue that institutional prestige leads to stratification in the creation and distribution of university–generated knowledge.

Key Words: Prestige; Status; Licensing; Technology
History: Received: March 1, 2001;

This article has been cited by other articles:

				P. Boatwright, A. Kalra, and W. Zhang Research Note Should Consumers Use the Halo to Form Product Evaluations? Management Science, January 1, 2008; 54(1): 217 - 223. [Abstract] [PDF]

				B. N. Sullivan, P. Haunschild, and K. Page Organizations Non Gratae? The Impact of Unethical Corporate Acts on Interorganizational Networks Organization Science, January 1, 2007; 18(1): 55 - 70. [Abstract] [PDF]

				J. B. Fuller, K. Hester, T. Barnett, L. Frey, C. Relyea, and D. Beu Perceived external prestige and internal respect: New insights into the organizational identification process Human Relations, June 1, 2006; 59(6): 815 - 846. [Abstract] [PDF]

				M. Rhee and P. R. Haunschild The Liability of Good Reputation: A Study of Product Recalls in the U.S. Automobile Industry Organization Science, January 1, 2006; 17(1): 101 - 117. [Abstract] [PDF]

				D. Hegde Public and Private Universities: Unequal Sources of Regional Innovation? Economic Development Quarterly, November 1, 2005; 19(4): 373 - 386. [Abstract] [PDF]

				J. W. Boudreau 50th ANNIVERSARY ARTICLE: Organizational Behavior, Strategy, Performance, and Design in Management Science Management Science, November 1, 2004; 50(11): 1463 - 1476. [Abstract] [PDF]

				S. A. Shane and K. T. Ulrich 50th Anniversary Article: Technological Innovation, Product Development, and Entrepreneurship in Management Science Management Science, February 1, 2004; 50(2): 133 - 144. [Abstract] [PDF]

				L. Argote, B. McEvily, and R. Reagans Managing Knowledge in Organizations: An Integrative Framework and Review of Emerging Themes Management Science, April 1, 2003; 49(4): 571 - 582. [Abstract] [PDF]