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Some differences between licensed and internalized transfers of machine tool technology: An empirical note
Author(s) -
Davies Howard
Publication year - 1992
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090130609
Subject(s) - corporate governance , industrial organization , range (aeronautics) , transfer (computing) , technology transfer , transaction cost , mode (computer interface) , business , microeconomics , economics , computer science , engineering , finance , international trade , human–computer interaction , parallel computing , aerospace engineering
This note uses survey evidence drawn from the machine tool industry in three countries to identify some of the differences in form between technology transfers which are internalized and those governed by licensing contracts between independent firms. The results show that, consistent with transactions cost theory, the internalized mode of governance leads to the transfer of a much broader range of information and skills than licensed transactions.