University invention and the abolishment of the professor's privilege in Finland |
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| Authors: | Olof Ejermo Hannes Toivanen |
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| Institution: | 1. Department of Economic History, School of Economics and Management, Lund University, P.O. Box 7083, SE-22007 Lund, Sweden;2. CIRCLE, P.O. Box 117, SE-22100 Lund, Sweden;3. Pasilanraitio 5, 00240 Helsinki, Finland |
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| Abstract: | In 2007 Finland changed ownership rights to inventions from its employees – “the professor's privilege” – to universities. We investigate how this change affected academic patenting using new data on inventors and patenting in Finland for the period 1995–2010. Matched sample panel data regressions using difference-in-differences show that patenting by individuals dropped by at least 29 percent after 2007. Unlike other countries studied, in Finland the reform was known before implementation. Adding the period after announcement to the reform period increases the drop in academic patenting to 46 percent. Our and others’ results call into question whether the European reform of the professor's privilege were good innovation policy. |
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| Keywords: | I23 I28 O31 O32 O34 O38 Academic patenting Finland Professor's privilege University ownership |
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