Article(electronic)April 2009

Firm R&D Behavior and Evolving Technology in Established Industries

In: Organization science, Volume 20, Issue 2, p. 352-367

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Abstract

One of the key mechanisms of firms' strategic renewal is R&D, and a key driver of the intensity of R&D is industry context. A number of theories develop propositions linking industry factors to firm R&D behavior, but these theories lack consensus. To date, empirical tests have been unable to resolve the competing predictions because of lack of time-varying measures of technology. We create new measures for technology and then conduct a test of the competing theories. Our results indicate that the data best match a model of innovative behavior in which firms invest in R&D principally to regain eroded advantage rather than to pursue the new frontier.

Languages

English

Publisher

Institute for Operations Research and the Management Sciences (INFORMS)

ISSN: 1526-5455

DOI

10.1287/orsc.1070.0332

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