How Search in Science Impacts on the Value of Inventions at Early and Late Stages in the R&D cycle

Karin Beukel, Finn Valentin

    Research output: Contribution to conferencePaperResearchpeer-review


    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 languageEnglish
    Publication date2013
    Number of pages43
    Publication statusPublished - 2013
    EventThe 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 201319 Jun 2013
    Conference number: 35


    ConferenceThe 35th DRUID Celebration Conference 2013: Innovation, Strategy and Entrepreneurship
    LocationESADE Business School, Ramon Llull University
    OtherThe DRUID Society Conference 2013
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