A Behavioral Perspective on Inventors’ Mobility: The Case of Pharmaceutical Industry

Francesco Di Lorenzo, Paul Almeida

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

Building on existing research on employee mobility, this paper investigates an inventor’s motivation to move and seeks to answer the question of which inventors move. This paper builds on behavioral and prospect theory, particularly, on the literature on managerial risk taking in order to explore the motivational influences on individual mobility across firms in the pharmaceutical industry - specifically how performance deviations from specific reference points (aspirations) explain the likelihood of mobility (a risky action). Our results suggest that when the inventor is performing above her aspiration levels (both historical and social), she is less likely to engage in mobility. For an inventor performing below her aspiration level, we found support for risk taking actions (i.e. more mobility) only for social aspiration levels. Thus mobility is most likely when inventors perform below their social aspiration levels.
Building on existing research on employee mobility, this paper investigates an inventor’s motivation to move and seeks to answer the question of which inventors move. This paper builds on behavioral and prospect theory, particularly, on the literature on managerial risk taking in order to explore the motivational influences on individual mobility across firms in the pharmaceutical industry - specifically how performance deviations from specific reference points (aspirations) explain the likelihood of mobility (a risky action). Our results suggest that when the inventor is performing above her aspiration levels (both historical and social), she is less likely to engage in mobility. For an inventor performing below her aspiration level, we found support for risk taking actions (i.e. more mobility) only for social aspiration levels. Thus mobility is most likely when inventors perform below their social aspiration levels.

Conference

ConferenceThe Academy of Management Annual Meeting 2012
Number72
CountryUnited States
CityBoston
Period03/08/201207/08/2012
OtherThe Informal Economy
Internet address

Bibliographical note

CBS Library does not have access to the material

Keywords

  • Aspiration levels
  • Inventors' mobility
  • Patents

Cite this

Di Lorenzo, F., & Almeida, P. (2012). A Behavioral Perspective on Inventors’ Mobility: The Case of Pharmaceutical Industry. Paper presented at The Academy of Management Annual Meeting 2012, Boston, United States.DOI: 10.5465/AMBPP.2012.281
Di Lorenzo, Francesco ; Almeida, Paul. / A Behavioral Perspective on Inventors’ Mobility : The Case of Pharmaceutical Industry. Paper presented at The Academy of Management Annual Meeting 2012, Boston, United States.29 p.
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Di Lorenzo, F & Almeida, P 2012, 'A Behavioral Perspective on Inventors’ Mobility: The Case of Pharmaceutical Industry' Paper presented at, Boston, United States, 03/08/2012 - 07/08/2012, . DOI: 10.5465/AMBPP.2012.281

A Behavioral Perspective on Inventors’ Mobility : The Case of Pharmaceutical Industry. / Di Lorenzo, Francesco; Almeida, Paul.

2012. Paper presented at The Academy of Management Annual Meeting 2012, Boston, United States.

Research output: Contribution to conferencePaperResearchpeer-review

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N2 - Building on existing research on employee mobility, this paper investigates an inventor’s motivation to move and seeks to answer the question of which inventors move. This paper builds on behavioral and prospect theory, particularly, on the literature on managerial risk taking in order to explore the motivational influences on individual mobility across firms in the pharmaceutical industry - specifically how performance deviations from specific reference points (aspirations) explain the likelihood of mobility (a risky action). Our results suggest that when the inventor is performing above her aspiration levels (both historical and social), she is less likely to engage in mobility. For an inventor performing below her aspiration level, we found support for risk taking actions (i.e. more mobility) only for social aspiration levels. Thus mobility is most likely when inventors perform below their social aspiration levels.

AB - Building on existing research on employee mobility, this paper investigates an inventor’s motivation to move and seeks to answer the question of which inventors move. This paper builds on behavioral and prospect theory, particularly, on the literature on managerial risk taking in order to explore the motivational influences on individual mobility across firms in the pharmaceutical industry - specifically how performance deviations from specific reference points (aspirations) explain the likelihood of mobility (a risky action). Our results suggest that when the inventor is performing above her aspiration levels (both historical and social), she is less likely to engage in mobility. For an inventor performing below her aspiration level, we found support for risk taking actions (i.e. more mobility) only for social aspiration levels. Thus mobility is most likely when inventors perform below their social aspiration levels.

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Di Lorenzo F, Almeida P. A Behavioral Perspective on Inventors’ Mobility: The Case of Pharmaceutical Industry. 2012. Paper presented at The Academy of Management Annual Meeting 2012, Boston, United States. Available from, DOI: 10.5465/AMBPP.2012.281