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Academic Engagement and Commercialization in an Institutional Transition Environment Evidence from Shanghai Maritime University

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Document pages: 30 pages

Abstract: Does academic engagement accelerate or crowd out the commercialization ofuniversity knowledge? Research on this topic seldom considers the impact of theinstitutional environment, especially when a formal institution for encouragingthe commercial activities of scholars has not yet been established. This studyinvestigates this question in the context of China, which is in theinstitutional transition stage. Based on a survey of scholars from ShanghaiMaritime University, we demonstrate that academic engagement has a positiveimpact on commercialization and that this impact is greater for risk-aversescholars than for other risk-seeking scholars. Our results suggest that in aninstitutional transition environment, the government should considerencouraging academic engagement to stimulate the commercialization activitiesof conservative scholars.

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