Session 272

Research and Development: Antecedents and outcomes

Track I

Date: Tuesday, September 23, 2014

 

Time: 11:00 – 12:15

Paper

Room: Paris


Session Chair:

  • Giovanni Valentini, IESE Business School

Title: An Empirical Test of Endogenous Firm Growth

Authors

  • Anne Marie Knott, Washington University in St. Louis
  • Carl Vieregger, Drake University

Abstract: The link between R&D and growth is largely taken for granted, however the formal theoretical link is actually quite recent. To date there have been no direct firm level tests of endogenous growth theory. We develop a model of firm growth whose propositions match the general equilibrium models: R&D, market value and growth all increase in firm R&D productivity. We test the propositions using three proxies for R&D productivity. We find all propositions are supported in tests using RQ, but not when using TFP and patents. These results suggest blanket policies of R&D subsidies are misplaced—rather subsidies should be tied to firms’ R&D productivity,TFP and patents are problematic measures of R&D productivity.

Title: Are all R&D Alliances Bad for GA?: A Deeper Look at R&D Search Practices

Authors

  • Se Won Park, IE Business School

Abstract: This study addresses how generative appropriability, a firm’s ability to capture future inventions spawned from an original invention, is impacted by the external knowledge acquisition process and collaboration intensity selected by the firm. Specifically, I propose while interfirm alliances reduce generative appropriability, alliances with academic institutions will increase generative appropriability and both effects will be strengthened by the degree of collaboration. In doing so, I identify determinants of generative appropriability in alliances and discuss implications of generative appropriability on organizational learning.

Title: Influence of Social Capital on Decisions Related to Termination of R&D Projects: An Empirical Examination

Authors

  • Rajat Khanna, Tulane University
  • Isin Guler, Sabanci University
  • Scott Rockart, University of North Carolina at Chapel Hill
  • Atul Nerkar, University of North Carolina-Chapel Hill

Abstract: The study explores the relationship between social capital spanned by R&D projects and their termination. Prior research suggests that potential of deriving economic value from a project is the primary reason why firms terminate certain projects. However, we argue in this paper that social factors also play an important role in project termination decisions. By examining intraorganizational networks of 90 pharmaceutical firms over 10 years we are able to support our argument. We focus on two dimensions of social capital, namely structural and positional embeddedness, and show that firms are likely to terminate fewer R&D projects if such projects have higher degree of embeddedness on any of these dimensions, after controlling for their economic value.

Title: R&D Production Team Composition and Firm-Level Innovation

Authors

  • Vikas Aggarwal, INSEAD
  • David Hsu, University of Pennsylvania
  • Andy Wu, Harvard University

Abstract: We examine the relationship between firms’ within- and across-inventor team composition and firm-level innovation. An empirical regularity in the literature on inventor teams is that diversity can positively influence a team’s innovative performance. The literature has remained silent, however, on how an inventor team’s presence within the broader context of the firm influences the firm’s aggregate innovative output. This has implications for understanding the optimal allocation of production-related human capital. We assemble a panel dataset of start-up biotechnology firms to test hypotheses regarding the link between team structure and firm-level forward patent citations. We find that innovation is best promoted with greater across-team diversity and lower within-team diversity. This result is moderated by product development stage, technology complexity, joint experience, and production team structure modulation.

All Sessions in Track I...

Sun: 08:00 – 09:15
Session 278: Routines: Theoretical and Empirical Advancements and Avenues for Future Research
Sun: 09:30 – 10:45
Session 463: Big Data: Revolutionizing Innovation and Competition
Sun: 11:15 – 12:30
Session 464: Foundations Session: A conversation with Michael Tushman on Leadership, Innovation and Strategic Change
Sun: 15:45 – 17:00
Session 270: Innovation in MNCs and Global Networks
Session 275: Open Innovation: Outcomes and antecedents
Sun: 17:15 – 18:30
Session 605: Knowledge and Innovation IG Business Meeting
Mon: 08:00 – 09:15
Session 260: IPRs, Appropriability and Innovation
Session 274: Incumbents, Radical Innovations and Disruptive Technologies
Mon: 11:00 – 12:15
Session 276: Organizational Learning
Session 277: Learning From Others
Session 372: The Challenges of Global Operations: Managing R&D and Complexity
Session 423: Alliances and Innovation Performance
Mon: 14:45 – 16:00
Session 265: Learning, Search, Slack: The behavioral theory revisited
Session 269: Knowledge Flows: Transfer, sharing and replication
Mon: 16:30 – 17:45
Session 254: Conversations about Knowledge
Session 257: Spin offs, Venture Capital and Entrepreneurship
Tue: 08:00 – 09:15
Session 259: Institutionalizing Innovation: Norms, status and legitimacy issues
Session 273: From Internal Resources to Customer Needs
Session 383: Globalization of R&D: Implications for Learning and Innovation
Tue: 11:00 – 12:15
Session 267: The Role of Individuals in Innovation
Session 272: Research and Development: Antecedents and outcomes
Session 361: Creativity and Innovation
Session 469: M&As and Innovation
Tue: 15:30 – 16:45
Session 262: Networks of Innovators
Session 263: Innovation Models in Emerging Economies
Tue: 17:15 – 18:30
Session 255: Exploration and Exploitation
Session 256: Organizing for Open Innovation
Session 261: Practices and Processes for Innovation


Strategic Management Society

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