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When publications lead to products: The open science conundrum in new product development

Jong, S; Slavova, K; (2014) When publications lead to products: The open science conundrum in new product development. RESEARCH POLICY , 43 (4) 645 - 654. 10.1016/j.respol.2013.12.009. Green open access

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Abstract

This paper examines interdependencies between firms’ activities in the realms of open science and commercial product development. We present a theoretical framework that outlines when a firm’s involvement in academic communities enhances its innovative performance in terms of new products in development. We argue that the disclosure of more, valuable R&D work in quality scholarly publications and collaborations with academic partners positively affect firm innovation. We further hypothesize a differential effect of adopting open science strategies on the innovation type, being more pronounced for radical innovations than for incremental innovations. We empirically analyze a unique panel dataset containing information on the product innovation performance and R&D activities of 160 UK therapeutic biotechnology firms over the period 1998- 2009. Our results from count data models on the number of new products in development provide empirical support for our hypotheses.

Type: Article
Title: When publications lead to products: The open science conundrum in new product development
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.respol.2013.12.009
Publisher version: http://dx.doi.org/10.1016/j.respol.2013.12.009
Additional information: © 2014 The Authors. Published by Elsevier B.V. All rights reserved. This is an open-access article distributed under the terms of the CreativeCommons Attribution License, which permits unrestricted use, distribution, andreproduction in any medium, provided the original author and source are credited.
Keywords: Biotechnology, Science-industry collaborations, Innovation management, Open science
UCL classification: UCL > School of BEAMS
UCL > School of BEAMS > Faculty of Engineering Science
UCL > School of BEAMS > Faculty of Engineering Science > Management Science and Innovation
URI: http://discovery.ucl.ac.uk/id/eprint/1420254
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