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.
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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 UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1420254 |
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