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By Al-Suhaibani And Kryzanowski

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2003a; Siegel, Waldman, Atwater, & Link, 2004). These include problems with differences in organizational cultures between universities and (small) firms, incentive structures, including both pecuniary and non-pecuniary rewards, such as credit toward tenure and promotion, and staffing and compensation practices of the TTO itself. 4. REVIEW OF STUDIES ON THE EFFECTIVENESS OF SCIENCE PARKS In recent years there has been a substantial increase in investment in science parks and other property-based institutions that facilitate technology transfer.

SIEGEL AND PHILLIP H. PHAN precise nature of their business models and managerial practices can be somewhat complex. S. science parks and their influence on academic missions of universities, employing econometric methods and qualitative analysis. They use two data sources: a dataset constructed by the Association of University Related Research Parks (AURRP) containing a directory of science parks and limited information on their characteristics, and their own qualitative survey of provosts at 88 major research universities.

According to the authors, the TTO engages in a ‘‘balancing act,’’ in the sense that it can influence the rate of invention disclosures, must evaluate the inventions once they are disclosed, and negotiate licensing agreements with firms as the agent of the administration. The Jensen et al. (2003) theoretical analysis generates some interesting empirical predictions. For instance, in equilibrium, the probability that a university scientist discloses an invention and the stage at which he or she discloses the invention is related to the pecuniary reward from licensing, as well as faculty quality.

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An Exploratory Analysis Of The Order Book, And Order Flow And Execution On The Saudi Stock Market by Al-Suhaibani And Kryzanowski


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