Sailing in all winds: Technological search over the business cycle     

Daniela Silvestri  Massimo Riccaboni  Antonio Della Malva 《Research Policy》2018,47(10):1933-1944

Business cycles modify firms’ incentives to innovate and the direction of innovation. By introducing a new measure of patent unconventionality this paper explores the impact of the business cycle on firms’ technological search strategies. We find that during upturns firms generate inventions characterized by a higher level of technological unconventionality. We also find that financially resilient and diversified firms produce more unconventional patents. While patent unconventionality is associated with technological impact and market value, firms extract more value by investing in unconventional inventions in downturns.  相似文献   

The interplay of cognitive and relational social capital dimensions in university-industry collaboration: Overcoming the experience barrier     

Marianne Steinmo  Einar Rasmussen 《Research Policy》2018,47(10):1964-1974

The use of university-industry collaboration in the innovation process is viewed as a major driver of firm competitiveness. The organizational dynamics underlying successful external relationships, however, remain poorly understood. Using longitudinal case studies of 15 innovation projects, we examine how firms with varying degrees of experience in collaborating with universities and public research organizations rely on different social capital dimensions to achieve successful collaborations. We find that experienced firms establish external collaborations on the basis of cognitive social capital, but this basis is reinforced by relational social capital over time. Conversely, less experienced firms initially base their university collaborations on relational social capital, which is reinforced by cognitive social capital over time. Based on these findings, we theorize on the interplay of different dimensions of social capital in university-industry collaborations over time. Our study has important implications for the management of collaborative innovation projects. In particular, it provides guidance to enable less experienced firms to develop successful collaborations with university partners.  相似文献   

Contractual governance and the choice of dispute-resolution mechanisms: Evidence on technology licensing     

Valérie Duplat  Régis Coeurderoy  John Hagedoorn 《Research Policy》2018,47(6):1096-1110

In fast-paced and knowledge-intensive environments, licensing partnerships can be powerful levers for market expansion. Research on the management of technology-oriented licenses has nonetheless pointed out the risks of corrosive disputes caused by conflicting interests or misunderstandings among licensing partners. The choice made ex ante on mechanisms for resolving potential disputes is of prime importance in the execution of licensing exchanges. Although the legal literature has widely emphasized the advantages of arbitration towards litigation, public ordering remains the “default” option in managers’ eyes. By adopting a transaction cost economics logic, our study explores the conditions under which licensing partners may prefer arbitration over public ordering during the contractual-design phase. In accordance with our theoretical arguments, findings show that the occurrence of arbitration provisions increases when the coordination orientation adopted by licensing partners is extensive. In situations where both monitoring and coordination orientations are simultaneously extensive, results reveal a greater propensity to prefer arbitration over public ordering. Our research therefore supports the view that corporate decision-makers tend to favor the conciliatory stance and compromising awards typically associated with arbitration, only when exchanges are expected to be highly coordinative. Their preference for arbitration over litigation is magnified when the coordination orientation develops alongside the monitoring orientation.  相似文献   

University licensing and the flow of scientific knowledge     

Neil C. Thompson  Arvids A. Ziedonis  David C. Mowery 《Research Policy》2018,47(6):1060-1069

As university involvement in technology transfer and entrepreneurship has increased, concerns over the patenting and licensing of scientific discoveries have grown. This paper examines the effect that the licensing of academic patents has on journal citations to academic publications covering the same scientific research. We analyze data on invention disclosures, patents, and licenses from the University of California, a leading U.S. academic patenter and licensor, between 1997 and 2007. We also develop a novel “inventor-based” maximum-likelihood matching technique to automate and generalize Murray's (2002) “patent-paper pairs” methodology. We use this methodology to identify the scientific publications associated with University of California patents and licenses.Based on a “difference-in-differences” analysis, we find that within our sample of patented academic discoveries, citations to licensed patent-linked publications are higher in the three years after the license, although this difference is not statistically significant. We then disaggregate our sample into (a) patented discoveries that are likely to be used as “research tools” by other researchers (based on the presence of material transfer agreements (MTAs) that cover them) and (b) patented discoveries not covered by MTAs. Citations to publications linked to licensed patents in the latter subset (not covered by MTAs) are higher for publications linked to licensed patents, and this difference is statistically significant. In contrast, licensing of patented discoveries that are also research tools is associated with a reduction in citations to papers linked to these research advances, raising the possibility that licensing may restrict the flow of inputs to “follow-on” scientific research.  相似文献   

The social structure of entrepreneurship as a scientific field     

Hans Landström  Gouya Harirchi 《Research Policy》2018,47(3):650-662

Entrepreneurship as a scientific field has grown significantly, irrespective of the measures used. In this article we raise the question: How can we understand the evolution and success of entrepreneurship as a scholarly field? In particular, we focus on the social structure of entrepreneurship scholars to explain (1) how they are becoming integrated into larger scholarly communities and (2) how they differ from the way scholars integrate within the field of innovation studies. Based on a unique database and responses from 870 entrepreneurship scholars, we demonstrate that entrepreneurship can be regarded as a phenomenon-driven field bound together by a shared communication system and social interaction rather than strong theoretical influences, i.e., a social scholarly community. We identify two broader social communities; one embedded in entrepreneurship conferences that includes a rather eclectic group of entrepreneurship scholars, and another related to entrepreneurship journals and entrepreneurship economics, characterized by a stronger domain orientation. In contrast, scholars in innovation studies tend to be more theory-driven and are bound together by their disciplinary and theoretical background, i.e., an intellectual scholarly community.  相似文献   

Spillovers in the production of knowledge: A meta-regression analysis     

Pedro Cunha Neves  Tiago Neves Sequeira 《Research Policy》2018,47(4):750-767

The production of knowledge was subjected to quantitative analysis in the second half of the twentieth century, following Arrow (1962). The determinants of knowledge and the externalities present in the innovation process were discussed with immediate policy influence. In particular, the presence and strength of the spillover of the pool of past knowledge has encouraged high subsidization of R&D in the most developed countries. We survey the empirical literature on the spillover effect in the production of knowledge and implement a meta-analytic regression. We discover that the average spillover effect is less than but close to one and is highly significant. We also find that the spillover effect tends to be greater when the estimation of knowledge production accounts for foreign inputs, and it tends to be lower when the estimation includes only rich economies, regional data are used, and the pool of knowledge is not the patent stock.  相似文献   

A comparative evaluation of regional subsidies for collaborative and individual R&D in small and medium-sized enterprises     

Annalisa Caloffi  Marco Mariani  Federica Rossi  Margherita Russo 《Research Policy》2018,47(8):1437-1447

We analyse whether public subsidies supporting collaborative research and development (R&D) projects in small and medium-sized enterprises (SMEs) are able to encourage persistent R&D investment and interorganisational networking more than subsidies supporting individual R&D projects. Adopting a counterfactual approach to policy evaluation, we compare subsidies for collaborative R&D and for individual R&D implemented in the same Italian region in the same period. Our findings suggest that, once public support is no longer available, the two subsidies have different effects on different types of SMEs. If the policymakers’ objective is to increase the number of R&D-performing SMEs over time, they should provide subsidies for collaborative R&D to firms with modest R&D experience. If their objective is to increase the amount of spontaneous R&D investment over time, they should target SMEs with some prior R&D experience, using either subsidy. Finally, if their objective is to induce SMEs to network with external organisations, subsidies for collaborative R&D projects should be preferred to subsidies for individual R&D projects.  相似文献   

Joint ventures and technology adoption: A Chinese industrial policy that backfired     

Sabrina T. Howell 《Research Policy》2018,47(8):1448-1462

To spur technology transfer, emerging market policymakers often require foreign firms to form joint ventures (JVs) with domestic firms. Through knowledge spillovers, JVs may reduce technology acquisition costs for domestic firms. Yet domestic firm rents from JVs could discourage innovation through a cannibalization effect. Which force dominates is an empirical question. I address it with novel data on China's auto sector. In response to fuel economy standards requiring firms to upgrade technology or sacrifice quality, firms with JVs reduced quality and price relative to their counterparts. Consistent with cannibalization, firms with JVs drive the negative effect.  相似文献   

Technology adoption,consumer inattention and heuristic decision-making: Evidence from a UK district heating scheme     

Andrew Burlinson  Monica Giulietti  Giuliana Battisti 《Research Policy》2018,47(10):1873-1886

This paper contributes to the debate on the energy efficiency paradox according to which consumers fail to adopt cost-effective, energy efficient technologies over less efficient technologies and therefore fail to reduce energy consumption. Both traditional and behavioural theories are used to investigate the decision-making process of residential consumers with empirical evidence based upon a specially designed quasi-experimental survey of 784 households on the decision to connect to a district-heating system, a more energy efficient alternative to individual heating systems. The results suggest an internal discount rate of around 36 per cent for homeowners, a signal that consumers undervalue future energy costs. We also find the household’s decision to be negatively affected by years of payback up to around 7–8 years. Our findings suggest that neglecting consumer inattention and heuristics can lead to biases which cast doubt on the existence of the energy efficiency paradox. We believe that these results help to explain why some consumers are unlikely to invest in energy efficient technology, particularly those on low incomes.  相似文献   

Protecting knowledge: How legal requirements to reveal information affect the importance of secrecy     

Wolfgang Sofka  Pedro de Faria  Edlira Shehu 《Research Policy》2018,47(3):558-572

Most firms use secrecy to protect their knowledge from potential imitators. However, the theoretical foundations for secrecy have not been well explored. We extend knowledge protection literature and propose theoretical mechanisms explaining how information visibility influences the importance of secrecy as a knowledge protection instrument. Building on mechanisms from information economics and signaling theory, we postulate that secrecy is more important for protecting knowledge for firms that have legal requirements to reveal information to shareholders. Furthermore, we argue that this effect is contingent on the location in a technological cluster, on a firm’s investment in fixed assets and on a firm’s past innovation performance. We test our hypotheses using a representative sample of 683 firms in Germany between 2005 and 2013. Our results support the moderation effect of a technological cluster and a firm’s investment in fixed assets. Our findings inform both academics and managers on how firms balance information disclosure requirements with the use of secrecy as a knowledge protection instrument.  相似文献