Firm R&D Behavior and Evolving Technology in Established Industries
dc.contributor.author | Posen, Hart E. | |
dc.contributor | Knott, Anne Marie | |
dc.date.accessioned | 2008-06-11T13:01:14Z | |
dc.date.available | 2008-06-11T13:01:14Z | |
dc.date.issued | 2007-08 | |
dc.identifier | 1109 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/58723 | |
dc.description.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 due to lack of time-varying measures of technology. We create new measures for technology 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. | en_US |
dc.format.extent | 741331 bytes | |
dc.format.mimetype | application/pdf | |
dc.subject | R&D | en_US |
dc.subject | Innovation | en_US |
dc.subject | Strategic Renewal | en_US |
dc.subject | Industry Evolution | en_US |
dc.subject.classification | Business Administration | en_US |
dc.title | Firm R&D Behavior and Evolving Technology in Established Industries | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | Ross School of Business | en_US |
dc.contributor.affiliationother | Olin School of Business - Washington University | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/58723/1/1109-Posen.pdf | |
dc.owningcollname | Business, Stephen M. Ross School of - Working Papers Series |
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