Externality evaluation: an empirical study of ITRI Online publication date: Tue, 05-May-2009
by Po-Young Chu, Yu-Ling Lin, Chi-Hung Huang, Tzu-Yar Liu
International Journal of Technology Management (IJTM), Vol. 48, No. 3, 2009
Abstract: This study proposes a framework for exploring technology transfer externality of the Industrial Technology Research Institute (ITRI), a national industry technology development research institution in Taiwan over the past three decades. The specific diffusion effects and external impact were quantitatively assessed. High multiplier effects derived from ITRI's spin-off activities are concluded profound. Finally, being a non-profit R&D institution inherited with common properties of public goods, ITRI has created a unique and valuable role to foster Taiwan's high-tech sector. The innovative ITRI model should provide important managerial implications for large R&D institutes as well as emergent countries to initiate and operate projects with unavoidable high risk but desirable enormous externalities.
Online publication date: Tue, 05-May-2009
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