Abstract
Search in science is one way to support knowledge creation in firms. In this paper we examine the conditions under which search in science increases the value of individual inventions. Statistical findings from TOBIT regressions show that the cost-benefit tradeoff of search in science depends on the whether the search is aimed at problem solving at early or late R&D stages. If the search is done at early stages of R&D there is a penalizing effect of searching to a higher degree in science, whereas search in science at later stages of R&D contributes to value. The findings of this paper confirm and extend research on search in science during R&D.
| Original language | English |
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| Publication date | 2013 |
| Number of pages | 43 |
| Publication status | Published - 2013 |
| Event | The 35th DRUID Celebration Conference 2013: Innovation, Strategy and Entrepreneurship: Competitiveness and Dynamics of Organizations, Technologies, Systems and Geography - ESADE Business School, Ramon Llull University, Barcelona, Spain Duration: 17 Jun 2013 → 19 Jun 2013 Conference number: 35 http://druid8.sit.aau.dk/registrant/index/login/cid/13 |
Conference
| Conference | The 35th DRUID Celebration Conference 2013: Innovation, Strategy and Entrepreneurship |
|---|---|
| Number | 35 |
| Location | ESADE Business School, Ramon Llull University |
| Country/Territory | Spain |
| City | Barcelona |
| Period | 17/06/2013 → 19/06/2013 |
| Other | The DRUID Society Conference 2013 |
| Internet address |