123 research outputs found
Integration and Reorganisation of Industrial R&D: Deficits and Perspectives of Empirical Research
The combination of research and development units following a merger or an acquisition usually requires a broad and widespread integration project to ensure that a company?s innovative capabilities are carried forward into the future. Previous research has shown, however, that the combined companies tend to produce fewer innovations after the transaction than before. Based on a set of theoretical hypotheses, nine empirical studies are analysed with respect to their contribution to the research problem. The review shows substantial shortcomings in content and methodology which do not allow the hypotheses to be evaluated adequately. --Post Merger Integration,Reorganisation,Research and Development,Literature Review
Scientific excellence and extramural research grants: Beggars can't be choosers?
Several reviews and impact assessment studies have concluded that the Sixth Framework Programme for Research and Technological Development (FP6) succeeded in fostering scientific excellence and attracting the 'A Team' in public science. However, these studies typically fail to contrast their findings with the variety of funding opportunities available to public science. Based on a sample of more than 1,000 scientists at universities and public research institutes in Germany, this paper finds that highly credentialed faculty typically chose other funding opportunities than FP6, for example grants from science foundations or industry. In fact, FP6 only seems to be attractive for the scientific 'B Team' that works rather application oriented. The findings further indicate that an FP6 participation substitutes for other grant programmes while the latter are complementary to each other. If this is intended to be changed other funding priorities will be required, for example smaller team sizes, less predefined research topics, a reduced administrative burden, and a higher quality of the peer review system. --Research funding,scientist productivity,Sixth Framework Programme
Gains and Pains from Contract Research: A Transaction and Firm-level Perspective
Determining the research and development (R&D) boundaries of the firm as the choice between internal, collaborative and external technology acquisition has since long been a major challenge for firms to secure a continuous stream of innovative products or processes. While research on R&D cooperation or strategic alliances is abundant, little is known about the outsourcing of R&D activities to contract research organizations and its implications for innovation performance. This paper investigates the driving forces of external technology sourcing through contract research based on arguments from transaction cost theory and the resource-based view of the firm. Using a large and comprehensive data set of innovating firms from Germany our findings suggest that technological uncertainty, contractual experience and openness to external knowledge sources motivate the choice for engaging in contract research activities. Moreover, we show that internal and external R&D sourcing are complements: the marginal contribution of internal (external) R&D is the larger the more firms spend on external (internal) R&D.contract research, innovation; transaction cost theory; firm capabilities
Pre-empting Technology Competition Through Firm Acquisitions
This paper investigates the motive of pre-empting technology competition through mergers and acquisitions (M&A). Exploiting the patent application procedure at the European Patent Office we introduce a new measure for the possibility to create entry barriers in technology markets. Our results show significant evidence that firms engage in horizontal M&A to pre-empt competition in technology markets. --pre-empting technology competition,mergers and acquisitions
Gains and Pains from Contract Research: A Transaction and Firm-level Perspective
Determining the research and development (R&D) boundaries of the firm as the choice between internal, collaborative and external technology acquisition has since long been a major challenge for firms to secure a continuous stream of innovative products or processes. While research on R&D cooperation or strategic alliances is abundant, little is known about the outsourcing of R&D activities to contract research organizations and its implications for innovation performance. This paper investigates the driving forces of external technology sourcing through contract research based on arguments from transaction cost theory and the resource-based view of the firm. Using a large and comprehensive data set of innovating firms from Germany our findings suggest that technological uncertainty, contractual experience and openness to external knowledge sources motivate the choice for engaging in contract research activities. Moreover, we show that internal and external R&D sourcing are complements: the marginal contribution of internal (external) R&D is the larger the more firms spend on external (internal) R&D. --Contract research,innovation,transaction cost theory,firm capabilities
Searching for innovation in market and transition economies: evidence across Europe
Searching for externally available knowledge has been characterized as a vital part of the innovation process. The availability of such innovation impulses, however, critically depends on the environment a firm is operating in. Little is known on how institutional infrastructures for innovation differ with respect to the munificence in providing innovation impulses. In this paper, we suggest that these differences are particularly pronounced between established market economies and transition economies. We argue that these differences shape a firm's search pattern and that the search pattern subsequently moderates the relationship between innovation inputs and outputs. Based on a sample of more than 4,500 firms from ten European countries we find that search strategies differ considerably between established market and transition economies. Search in transition economies is characterized by much more variety. However, management capacity in these countries is a particularly scarce resource which is why focused search strategies turn out to be most successful. --Search strategies,open innovation,transition economies,institutional infrastructure for innovation
Knowledge Production in Nanomaterials: An Application of Spatial Filtering to Regional Systems of Innovation
Nanomaterials are seen as a key technology for the 21st Century, and much is expected of them in terms of innovation and economic growth. They could open the way to many radically new applications, which would form the basis of innovative products. In this context, it seems all the more important for regions to put their own innovation systems in place, and to ensure that they offer a suitable location for such activities in order to benefit from the expected growth. Many regions have already done so by establishing ?science parks? and ?nanoclusters?. As nanomaterials are still in their infancy, both public research institutes and private businesses could play a vital role in the process. This paper investigates what conditions and configurations allow a regional innovation system to be competitive in a cutting-edge technology like nanomaterials. We analyse European Patent Office data at the German district level (NUTS-3) on applications for nanomaterial patents, in order to chart the effects of localised research and development (R&D) in the public and private sector. We estimate two negative binomial models in a knowledge production function framework and include a spatial filtering approach to adjust for spatial effects. Our results indicate that there is a significant positive effect of both public and private R&D on the production of nanomaterial patents. Moreover, we find a positive interaction between them which hints at the importance of their co-location for realising the full potential of an emerging technology like nanomaterials. --nanotechnology,innovation,patents,Germany,spatial autocorrelation,spatial filtering
Informal university technology transfer: a comparison between the United States and Germany
Existing literature has confined university technology transfer almost exclusively to formal mechanisms, like patents, licenses or royalty agreements. Relatively little is known about informal technology transfer that is based upon interactions between university scientists and industry personnel. Moreover, most studies are limited to the United States, where the Bay-Dole-Act has shaped the institutional environment since 1980. In this paper, we provide a comparative study between the United States and Germany where the equivalent of the Bay-Dole-Act has come into force only in 2002. Based on a sample of more than 800 university scientists, our results show similar relationships for the United States and Germany. Faculty quality which is however based on patent applications rather than publications serves as a major predictor for informal technology transfer activities. Hence, unless universities change their incentives (e.g., patenting as one criterion for promotion and tenure) knowledge will continue to flow out the backdoor. --informal university technology transfer, cross-country comparison
Arbeitszufriedenheit und Fluktuation im Post Merger Integrationsprozess
Zahlreiche Studien weisen auf hohe Misserfolgsquoten von UnternehmenszusammenschlĂŒssen hin, messen dies jedoch vor allem anhand finanzieller Indikatoren, wĂ€hrend eine mitarbeiterbezogene Betrachtung unterbleibt. Kritisch wird die Situation, wenn hochqualifizierte, aber unzufriedene Spezialisten das Unternehmen nach der Transaktion verlassen. Der Beitrag untersucht daher die Determinanten der Arbeitszufriedenheit und deren Auswirkungen auf die Fluktuation im Post Merger Integrationsprozess. Es zeigt sich, dass fĂŒr eine hohe Arbeitszufriedenheit und entsprechend geringe Fluktuation insbesondere die Einkommenssicherheit, die IntegrationsqualitĂ€t und die Vermeidung von Unsicherheit bei den Mitarbeitern relevant sind
Formal and Informal Technology Transfer from Academia to Industry: Complementarity Effects and Innovation Performance
Literature has identified formal and informal channels in university technology transfer. While formal technology transfer typically involves a legal contract on a patent or on collaborative research activities, informal transfer channels refer to personal contacts and hence to the tacit dimension of knowledge transfer. Research is, however, scarce regarding the interaction of formal and informal transfer mechanisms. In this paper, we analyze whether these activities are mutually reinforcing, i.e. complementary. Our analysis is based on a comprehensive dataset of more than 2,000 German manufacturing firms. We perform direct and indirect tests for the complementarity of formal and informal technology transfer. Our results confirm a complementary relationship: using both transfer channels contributes to higher innovation performance. The management of the firm should therefore strive to maintain close informal relationships with universities to realize the full potential of formal technology transfer. --University technology transfer,complementarity,innovation performance
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