The Journal of Technology Transfer

, Volume 44, Issue 1, pp 155–166 | Cite as

Risk attitudes, patenting and invention disclosures by academic researchers

  • Rajeev K. GoelEmail author
  • Devrim Göktepe-Hultén


This paper examines the effect of risk attitudes on innovation behavior of academic researchers. Specifically, using two alternate measures of self-reported risk attitudes, we test the hypothesis that aversion to risk would negatively affect revelation of information in innovations. Results based on a sample of more than 2500 German researchers across both measures of risk aversion show that, consistent with intuition, risk aversion has a significant negative effect on invention disclosures, but not on patenting.


Patents Invention disclosure Risk averse Academic research Germany 

JEL Classification

O33 O31 O52 


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Copyright information

© Springer Science+Business Media New York (outside the USA) 2017

Authors and Affiliations

  1. 1.Department of EconomicsIllinois State UniversityNormalUSA
  2. 2.Lund UniversityLundSweden

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