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Published on Apr 1, 2019in Research Policy 4.66
Annamaria Conti7
Estimated H-index: 7
(University of Lausanne),
Nishant Dass6
Estimated H-index: 6
(Georgia Institute of Technology)
+ 1 AuthorsStuart J.H. Graham14
Estimated H-index: 14
(Georgia Institute of Technology)
Employing the 2008 financial crisis as an empirical setting, we examine the investment strategies of venture capitalists (VCs) in response to liquidity supply shocks. While predictably VCs reduce investment, our difference-in-differences approach demonstrates that VCs reposition by increasing their share of, and per-round funding to, startups operating in the VCs’ core sectors. These effects are driven by more-experienced VCs, and are strongest in early-stage portfolio startups. Complementing th...
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Published on May 1, 2019in Research Policy 4.66
Luc Soete22
Estimated H-index: 22
(Maastricht University)
Abstract The setting up of the Science Policy Research Unit (SPRU) at Sussex University 50 years ago represented a “transformative change” in the research on science policy and the understanding of the nature and origin of technological change and innovation studies. It influenced policymakers across the world in both the mature Organisation for Economic Co-operation and Development countries and the developing world. It made the topic of science, technology and innovation (STI) familiar to busi...
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Published on Jan 1, 2019in Research Policy 4.66
Xiaoshu Bei (Duke University)
Abstract In this article, I study the relationship between valuable trademarks and a firm’s technology sourcing strategy. The Profiting from Innovation (PFI) and Transaction Cost Economics (TCE) perspectives have generated competing predictions regarding firms’ historical stock of valuable trademarks and their decision to pursue external technology sourcing. To conduct the empirical analysis, I use a sample of innovator firms in the manufacturing sectors from the Division of Innovative Labor sur...
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Published on Jun 1, 2019in Research Policy 4.66
Stefano Bianchini3
Estimated H-index: 3
(University of Strasbourg),
Gabriele Pellegrino5
Estimated H-index: 5
(École Polytechnique Fédérale de Lausanne)
This paper examines the effect of persistence in product and process innovations on the employment dynamics of a representative sample of Spanish manufacturing firms observed over more than 20 years. We build on a conceptual framework that links innovation persistence, employment growth and the persistence of this growth in the long-run. Using dynamic panel GMM and survival analysis techniques, we find that persistence in product innovation affects both employment growth and the sustainability o...
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Published on Feb 1, 2019in Research Policy 4.66
Alex Coad28
Estimated H-index: 28
(Pontifical Catholic University of Peru)
Do firms in the same sector converge towards the same R&D intensities? Previous research has often assumed this to be true. A closer examination, using microdata from the EU Industrial R&D Investment Scoreboard for the years 2000-2015, shows a large amount of heterogeneity in R&D intensities among firms in the same sector, and that this heterogeneity persists over time. Statistical tests of convergence show that the variation in R&D intensities does not decrease over time (i.e. no ?-convergence)...
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Published on Jun 1, 2019in Research Policy 4.66
Catherine Lyall11
Estimated H-index: 11
(University of Edinburgh),
Joyce Tait19
Estimated H-index: 19
(University of Edinburgh)
Abstract ‘Governance’ is a highly plastic concept that has spilled over from the political sciences and has been adopted, in some cases rather uncritically, by scholars from other social science traditions. We argue that there are limits to this all-pervasive notion of governance. Some of these limitations could potentially be addressed by the ‘tentative governance’ approach if it can create new opportunities for learning in order to cope with the problems of uncertainty at an early stage of new...
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Published on Apr 1, 2019in Research Policy 4.66
D. Lucena-Piquero (University of Toulouse), Jérôme Vicente7
Estimated H-index: 7
(University of Toulouse)
Abstract The paper focuses on cluster policies with particular attention to the role of R&D collaborative incentives in the structuring of knowledge networks in clusters. We disentangle the main network failures in regional innovation systems, and discuss the selection procedures designed by policy makers to foster knowledge collaborations. We draw evidence from the French Aerospace Valley cluster from 2006 to 2015. The case study is based on a dataset of 248 granted research consortia, from whi...
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Published on May 1, 2019in Research Policy 4.66
Markus Grillitsch11
Estimated H-index: 11
(Lund University),
Teis Hansen12
Estimated H-index: 12
(Lund University)
+ 2 AuthorsJerker Moodysson14
Estimated H-index: 14
(Jönköping University)
Abstract The orientation towards grand societal challenges can be seen as a new wave or paradigm for innovation policy. Such policy aims at system-wide transformation and is often referred to as system innovation policy. While insights from transition studies have provided novel and useful rationales for innovation policy targeting system-wide transformation, it remains unclear how to design, implement and evaluate such policies. The contribution of this paper is to translate and concretize the ...
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Published on Feb 1, 2019in Research Policy 4.66
Markus Grillitsch11
Estimated H-index: 11
(Lund University),
Torben Schubert14
Estimated H-index: 14
(Fraunhofer Society),
Martin Srholec11
Estimated H-index: 11
(Charles University in Prague)
Abstract The link between knowledge and firm growth has been a core topic in economics of innovation for a long time. However, despite strong theoretical arguments, empirical evidence remains inconclusive. One important reason for this conundrum may be the failure of standard indicators to capture firm innovation activities comprehensively. We contribute to overcoming this limitation by looking in the knowledge processes that drive variegated forms of innovation and aim thereby to establish a so...
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