Commercializing the laboratory: Faculty patenting and the open science environment

This paper investigates the relationship between patenting and publication of research results by university faculty members. Our study adds to the limited evidence on this topic with an empirical investigation based on a panel data set for a broad sample of university researchers. Results suggest that publication and patenting are complementary, not substitute, activities for faculty members. This is not consistent with recent concerns regarding deleterious effects of patenting on the research output of faculty members. Average citations to publications, however, appear to decline for repeat patenters, suggesting either a decrease in quality or restrictions on use associated in patent protection.