Real Options in Technology Licensing

Arvids A. Ziedonis
Arvids A. Ziedonis
[email protected]
Stephen M. Ross School of Business, University of Michigan, Ann Arbor, Michigan 48109
Search for more papers by this author

Arvids A. Ziedonis

[email protected]

Stephen M. Ross School of Business, University of Michigan, Ann Arbor, Michigan 48109

Search for more papers by this author

Published Online:3 Aug 2007https://doi.org/10.1287/mnsc.1070.0705

Supplemental Material

mnsc.1070.0705-sm-ec.pdf (62 KB)

Cited by
- Analysis of patent purchasing strategies under capital constraints and R&D uncertainty
  21 June 2026 | Technology Analysis & Strategic Management, Vol. 112
- The way of technological acquisition: Are firms below aspiration level reinforcing the cornerstone?
  Journal of Business Research, Vol. 204
- Reaching for the society: The commercialization effects of NASA technology licensing
  Research Policy, Vol. 54, No. 10
- Real Options: Connecting with Other Perspectives and Exploring New Frontiers
  Academy of Management Perspectives, Vol. 39, No. 2
- Real options and CEO social connections: The role of financial flexibility
  Journal of Corporate Finance, Vol. 91
- Understanding the Link between Post‐Acquisition Resource Reconfiguration and Technology Out‐Licensing
  4 July 2023 | Journal of Management Studies, Vol. 61, No. 5
- Do firms with technological capabilities rush in? Evidence from the timing of licensing of Stanford inventions
  Journal of Business Research, Vol. 178
- Licensing option to reduce rent extraction by the input supplier
  11 February 2024 | Journal of Public Economic Theory, Vol. 26, No. 1
- Testing the waters: founding team composition and search heuristics in academic entrepreneurial ventures
  7 December 2023 | Industrial and Corporate Change, Vol. 33, No. 1
- Research and Development Investment of Would-Be Star Biotech Firms in a Financial Crisis
  IEEE Transactions on Engineering Management, Vol. 71
- The Contribution of Chinese Science to US Technological Advancement: Evidence from Patent Citation of Academic Papers
  1 January 2024 | SSRN Electronic Journal, Vol. 25
- From formation to performance outcomes: A review and agenda for licensing research
  Journal of Business Research, Vol. 167
- Research and Development Sustainability of Future Star Net-loss Biotech Companies in Financial Crisis
- Patents as Real Options: A Sensitivity Analysis of Option Valuation Using the Binomial Model
  30 June 2023 | The Quarterly Journal of Finance, Vol. 13, No. 02
- Institutional logics and founders' identity orientation: Why academic entrepreneurs aspire lower venture growth
  Research Policy, Vol. 52, No. 3
- Relationship-Specific Investments and Firms’ Boundaries: Evidence from Textual Analysis of Patents
  1 January 2023 | SSRN Electronic Journal, Vol. 8
- Standing your ground: Examining the signaling effects of patent litigation in university technology licensing
  Research Policy, Vol. 51, No. 10
- Impact of cybersecurity on operations and supply chain management: Emerging trends and future research directions
  1 December 2022 | Production and Operations Management, Vol. 31, No. 12
- Relicensing scheme selection in closed-loop supply chains with differentiated new and remanufactured products
  Computers & Industrial Engineering, Vol. 171
- The effect of trademark breadth on IPO valuation and post-IPO performance: an empirical investigation of 1510 European IPOs
  Journal of Business Venturing, Vol. 37, No. 5
- Cooperation strategies when leading firms compete with small and medium-sized enterprises in a potentially competitive market
  Journal of Management Science and Engineering, Vol. 7, No. 3
- The impact of the timing of patent allowance on technology licensing performance: evidence from university invention commercialization
  5 November 2021 | R&D Management, Vol. 52, No. 4
- Informal institutions and absorptive capacity: A cross-country meta-analytic study
  27 September 2020 | Journal of International Business Studies, Vol. 53, No. 6
- Tackling uncertain future scenarios with real options: A review and research framework
  27 May 2022 | The Irish Journal of Management, Vol. 41, No. 1
- Dauntless Research and Development Investments of Deficit Senior-Star Biotech Firms in the Valley of Death
- Relative exploration orientation and real options reasoning: survey evidence from Denmark
  17 June 2021 | European Business Review, Vol. 34, No. 2
- Financial performance studies of university spin-off companies (USOs) in the West Midlands
  2 January 2021 | The Journal of Technology Transfer, Vol. 46, No. 6
- Turning the Tables in Research and Development Licensing Contracts
  Niyazi Taneri,
  Pascale Crama
  18 January 2021 | Management Science, Vol. 67, No. 9
- Fifty years of University-industry collaboration: a global bibliometrics overview
  9 March 2021 | Science and Public Policy, Vol. 48, No. 2
- Star Biotech Start-ups' Past R&D Investment in the Financial Crisis Time
- Academic spill-ins or spill-outs? Examining knowledge spillovers of university patents
  23 June 2020 | Industrial and Corporate Change, Vol. 29, No. 5
- Benchmarking U.S. university patent value and commercialization efforts: A new approach
  Research Policy, Vol. 50, No. 1
- Real options in franchise contracting: an application of transaction cost and real options theory
  6 August 2020 | European Journal of Law and Economics, Vol. 50, No. 2
- PORTFÓLIO DE ALIANÇAS E DESEMPENHO INOVADOR DA INDÚSTRIA BRASILEIRA
  1 October 2020 | Revista de Administração de Empresas, Vol. 60, No. 5
- Mapping Patent Usage in Management Research: The State of Prior Art
  11 May 2020 | Journal of Management, Vol. 46, No. 6
- Policy Uncertainty, Technological Competition, and Industry Dynamism
  SSRN Electronic Journal, Vol. 111
- Property Rights and Inefficient Bargaining in 1970's Television
  SSRN Electronic Journal, Vol. 29
- Do Strategy and Timing in IT Security Investments Matter? An Empirical Investigation of the Alignment Effect
  30 October 2017 | Information Systems Frontiers, Vol. 21, No. 5
- Contractual restraints and performance in franchise networks
  Industrial Marketing Management, Vol. 82
- The impact of public research on the technological development of industry in the green energy field
  Technological Forecasting and Social Change, Vol. 144
- Theories from the Lab: How Research on Science Commercialization can Contribute to Management Studies
  18 December 2018 | Journal of Management Studies, Vol. 56, No. 5
- Production Coopetition Strategies for Competing Manufacturers that Produce Partially Substitutable Products
  1 June 2019 | Production and Operations Management, Vol. 28, No. 6
- How do firms utilize the deferred patent examination system? Evidence from Korea
  European Journal of Innovation Management, Vol. 22, No. 2
- 25 Years of Real Option Empirical Research in Management
  22 August 2018 | European Management Review, Vol. 16, No. 1
- Sequencing of emphases on technology alliances and internal R&D: The effects of the market cycle
  Long Range Planning, Vol. 52, No. 1
- Corporate venture capital as a real option in the markets for technology
  9 October 2018 | Strategic Management Journal, Vol. 39, No. 13
- Pharmaceutical Start-ups’ Technology and Financing Strategy
  5 May 2018 | Journal of Pharmaceutical Innovation, Vol. 13, No. 4
- Real Options in Operations Research: A Review
  European Journal of Operational Research, Vol. 270, No. 1
- Valuations and Decisions of Investing in Corporate Social Responsibility: A Real Options Viewpoint
  1 October 2018 | Sustainability, Vol. 10, No. 10
- Dual boundary spanning: Toward a typology of outside‐in open innovation in the Canadian context
  1 December 2016 | Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l'Administration, Vol. 35, No. 3
- Knowledge diversity and coordination: The effect of intrafirm inventor task networks on absorption speed
  26 June 2018 | Strategic Management Journal, Vol. 39, No. 9
- Experience and Signaling Value in Technology Licensing Contract Payment Structures
  Academy of Management Journal, Vol. 61, No. 4
- University licensing and the flow of scientific knowledge
  Research Policy, Vol. 47, No. 6
- A Start-Up’s R&D Stages and the Evolution of Financing Sources: Evidence from the Biotechnology Industry
  16 January 2018 | Entrepreneurship Research Journal, Vol. 8, No. 3
- Toward a behavioral theory of real options: Noisy signals, bias, and learning
  22 February 2018 | Strategic Management Journal, Vol. 39, No. 4
- Does Real Options Reasoning Support or Oppose Project Performance? Empirical Evidence from Electronic Commerce Projects
  1 August 2017 | Project Management Journal, Vol. 48, No. 4
- Evading the Boomerang Effect: Using the Grant-Back Clause to Further Generative Appropriability from Technology Licensing Deals
  Keld Laursen,
  Solon Moreira,
  Toke Reichstein,
  Maria Isabella Leone
  24 May 2017 | Organization Science, Vol. 28, No. 3
- Managing innovation: Optimal incentive contracts for delegated R&D with double moral hazard
  European Economic Review, Vol. 95
- Corporate venture capital as a real option in the markets for technology
- The effects of internal technological diversity and external uncertainty on technological alliance portfolio diversity
  5 August 2016 | Industry and Innovation, Vol. 24, No. 2
- Real options theory in strategic management
  15 November 2016 | Strategic Management Journal, Vol. 38, No. 1
- 25 Years of Real Option Empirical Research in Management
  SSRN Electronic Journal, Vol. 29
- To Be Sure or Not to Be Preempted?: An Empirical Study on the Deferred Examination System in Korea
  SSRN Electronic Journal, Vol. 75
- Demand Uncertainty, Product Differentiation, and Entry Timing Under Spatial Competition
  SSRN Electronic Journal, Vol. 16
- Unveiling the breakthrough potential of established technologies: an empirical investigation in the aerospace industry
  29 April 2016 | Technology Analysis & Strategic Management, Vol. 28, No. 8
- Innovation through exaptation and its determinants: The role of technological complexity, analogy making & patent scope
  Research Policy, Vol. 45, No. 7
- Processes proposal for the intellectual property commercialization management in a technology licensing office from a Brazilian Scientific and Technological Institution
- The impact of the timing of patents on innovation performance
  Research Policy, Vol. 45, No. 4
- Competition and the Efficiency of Markets for Technology
  Marie-Laure Allain,
  Emeric Henry,
  Margaret Kyle
  16 October 2015 | Management Science, Vol. 62, No. 4
- Academic patents and technology transfer
  Journal of Engineering and Technology Management, Vol. 40
- License to learn: an investigation into thin and thick licensing contracts
  28 December 2015 | R&D Management, Vol. 46, No. 2
- When to Forge Alliances?
- Corporate venture capital portfolios and firm innovation
  Journal of Business Venturing, Vol. 31, No. 1
- Scientific celebrity, competition, and knowledge creation: The case of stem cell research in South Korea
  Journal of Engineering and Technology Management, Vol. 39
- University Licensing and the Flow of Scientific Knowledge
  SSRN Electronic Journal, Vol. 287
- How much are flexibility and uncertainty worth in patent licensing?
  22 October 2015 | Economia e Politica Industriale, Vol. 42, No. 4
- Rule-Based Reasoning for Understanding Opportunity Evaluation
  Academy of Management Perspectives, Vol. 29, No. 2
- A Model of Purchase Behavior under Price Uncertainty: A Real Options Approach
  International Journal of Real Options and Strategy, Vol. 3, No. 0
- Structuring and Governing Alliances: New Directions for Research
  23 October 2014 | Global Strategy Journal, Vol. 4, No. 4
- Should I Quit My Day Job?: A Hybrid Path to Entrepreneurship
  Academy of Management Journal, Vol. 57, No. 4
- Corporate Structure, Indirect Bankruptcy Costs, and the Advantage of De Novo Firms: The Case of Gene Therapy Research
  M. Lourdes Sosa
  8 November 2013 | Organization Science, Vol. 25, No. 3
- Technology licensing and innovation performance: evidence from Chinese latecomers in high-tech industries
  16 April 2014 | Journal of Chinese Economic and Business Studies, Vol. 12, No. 2
- Quantity Flexibility Contract in the Presence of Discount Incentive
  29 January 2014 | Decision Sciences, Vol. 45, No. 1
- Analysis of In-licensing Decisions at a Project and Firm-Level: Evidence from the Biopharmaceutical Industry
  11 July 2014
- Prices versus Prizes: Patents, Public Policy, and the Market for Inventions
  SSRN Electronic Journal, Vol. 4004
- The impact of licensed-knowledge attributes on the innovation performance of licensee firms: evidence from the Chinese electronic industry
  18 May 2012 | The Journal of Technology Transfer, Vol. 38, No. 5
- Build-operate-transfer Outsourcing Contracts in Services – Boon or Bane to Emerging Market Vendor Firms?
  Journal of International Management, Vol. 19, No. 3
- Licensee technological potential and exclusive rights in international licensing: A multilevel model
  8 August 2013 | Journal of International Business Studies, Vol. 44, No. 7
- External Venturing and Discontinuous Strategic Renewal: An Options Perspective
  26 June 2013 | Journal of Product Innovation Management, Vol. 30, No. 5
- Real Options, Intangible Resources and Performance of Franchise Networks
  28 January 2013 | Managerial and Decision Economics, Vol. 34, No. 3-5
- Bridging the Mutual Knowledge Gap: Coordination and the Commercialization of University Science
  Academy of Management Journal, Vol. 56, No. 2
- The optimal decisions in franchising under profit uncertainty
  Economic Modelling, Vol. 31
- A Dynamic Capability View on the Determinants of Superior Performance in University Technology Transfer Offices
  SSRN Electronic Journal, Vol. 45
- Research and Practices on Open Innovation
- Marketing control rights and their distribution within technology licensing agreements: a real options perspective
  11 June 2011 | Journal of the Academy of Marketing Science, Vol. 40, No. 5
- Le risorse umane nel trasferimento tecnologico pubblico-privato
- Bridging the Mutual Knowledge Gap: Coordination and the Commercialization of University Science
  SSRN Electronic Journal, Vol. 22
- Using Real Options Theory to Evaluate Strategic Investment Options for Mobile Content Delivery
- Research and Practices on Open Innovation
- Real Options in the Motion Picture Industry: Evidence from Film Marketing and Sequels*
  12 May 2011 | Contemporary Accounting Research, Vol. 28, No. 5
- Ensuring Quality Science From “R” to “D”: An Optimal Adoption Strategy for In-Licensing of Pharmaceutical Innovation
  IEEE Transactions on Engineering Management, Vol. 58, No. 4
- Co-development ventures: Optimal time of entry and profit-sharing
  Journal of Economic Dynamics and Control, Vol. 35, No. 10
- Testing the Waters: Using Collective Real Options to Manage the Social Dilemma of Strategic Alliances
  Academy of Management Review, Vol. 36, No. 4
- Technological joint venture formation under the real options approach
  Research Policy, Vol. 39, No. 9
- Technology exploitation in the context of open innovation: Finding the right ‘job’ for your technology
  Technovation, Vol. 30, No. 7-8
- Technological exploration through licensing: new insights from the licensee's point of view
  10 May 2010 | Industrial and Corporate Change, Vol. 19, No. 3
- Using Real Options Theory to Evaluate Strategic Investment Options for Mobile Content Delivery
  International Journal of Business Data Communications and Networking, Vol. 6, No. 1
- Organizational economics insights from acquisitions research
- Forgoing the Flexibility of Real Options: When and Why Firms Commit to Investment Decisions *
  3 August 2009 | British Journal of Management, Vol. 20, No. 3
- Licensing duration in foreign markets: A real options perspective
  23 October 2008 | Journal of International Business Studies, Vol. 40, No. 4
- RETRACTION NOTICE: Technology licensing strategies: the interaction of process and content characteristics
  15 April 2009 | Strategic Organization, Vol. 7, No. 2
- Appropriability and Commercialization: Evidence from MIT Inventions
  Emmanuel Dechenaux,
  Brent Goldfarb,
  Scott Shane,
  Marie Thursby,
  20 February 2008 | Management Science, Vol. 54, No. 5
- From Bureaucratic Tech Transfer to Entrepreneurial Tech Commercialization
  SSRN Electronic Journal, Vol. 28

Volume 53, Issue 10

October 2007

Pages iv-1674

Article Information

Supplemental Material

Metrics

Information

Received:May 14, 2004
Published Online:August 03, 2007

Cite as

Arvids A. Ziedonis, (2007) Real Options in Technology Licensing. Management Science 53(10):1618-1633.

https://doi.org/10.1287/mnsc.1070.0705

Keywords

PDF download

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Real Options in Technology Licensing

Supplemental Material

Volume 53, Issue 10

Article Information

Supplemental Material

Metrics

Information

Cite as

Keywords

Sign Up for INFORMS Publications Updates and News