Research PolicyPub Date : 2025-07-28DOI: 10.1016/j.respol.2025.105301
Dimitrios Gounopoulos , Winifred Huang , Min Yang
{"title":"Innovation and annual report readability","authors":"Dimitrios Gounopoulos , Winifred Huang , Min Yang","doi":"10.1016/j.respol.2025.105301","DOIUrl":"10.1016/j.respol.2025.105301","url":null,"abstract":"<div><div>We explore the relationship between innovation and annual report readability using multiple innovation metrics. While lower readability can boost innovation, an inverted U-shaped link with patents suggests that excessive opacity becomes counterproductive. We identify two underlying mechanisms—preserving competitive advantages and concealing risks. Consistent with the first mechanism, the innovation-readability link is stronger in competitive markets, where firms reduce transparency to better protect themselves from competitors. In line with the second mechanism, the innovation-readability link is stronger for riskier firms. Overall, our findings support the idea that firms strategically tailor their disclosure to match their innovation needs.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105301"},"PeriodicalIF":7.5,"publicationDate":"2025-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144714305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2025-07-23DOI: 10.1016/j.respol.2025.105266
Klaus Ackermann , Wendy A. Bradley , Jack Francis Cameron
{"title":"Avengers assemble! When digital piracy increases box office demand","authors":"Klaus Ackermann , Wendy A. Bradley , Jack Francis Cameron","doi":"10.1016/j.respol.2025.105266","DOIUrl":"10.1016/j.respol.2025.105266","url":null,"abstract":"<div><div>We show how the content of information goods changes the substitutability or complementarity effects of copyright infringement. Leveraging the quasi-random timing of the appearance of a high-quality pirated movie after its release in-theaters, alongside an instrumental-variables approach, we find that digital piracy complements box-office revenue for “spectacle”-oriented films, where the value of the good is linked to in-theater viewing. For “story”-oriented films, where the value is inherent—unenhanced by in-theater viewing—piracy displaces sales. Our findings suggest the value of creative content is linked to its distribution context, with relevance for commercialization and value capture strategies in creative industries with experience-goods properties.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105266"},"PeriodicalIF":7.5,"publicationDate":"2025-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144687291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2025-07-21DOI: 10.1016/j.respol.2025.105300
Annabelle Gawer , Martín Harracá
{"title":"Inconsistent platform governance and social contagion of misconduct in digital ecosystems: A complementors perspective","authors":"Annabelle Gawer , Martín Harracá","doi":"10.1016/j.respol.2025.105300","DOIUrl":"10.1016/j.respol.2025.105300","url":null,"abstract":"<div><div>This study investigates how complementors' experiences of platform governance impact their compliance behaviour in digital ecosystems. In an inductive qualitative study of Amazon Marketplace, we find that Amazon sellers engage in behaviours ranging from full compliance to repeated infringement. Sellers also report experiencing sustained discrepancies between the platform's declared practices, which ostensibly support sellers' interests, and its undeclared practices, which appear not to. Additionally, we find evidence that the sellers' experience of this inconsistent platform governance can trigger social contagion of misconduct. We develop a process model that elucidates the mechanisms of this social contagion: when complementors observe the platform to be an unreliable enforcer of its own rules and notice that cheating complementors seem to go unpunished and prosper, it erodes their trust in the platform, which leads some of them to legitimize misconduct as a defense against unfair competition under what they perceive to be the indifferent eye of the platform authority. In our discussion, we develop three contributions: (1) We theorise the observed inconsistent platform governance and suggest that it may be an endemic feature of platform behaviour caused by tensions between the platform's conflicting objectives. (2) We enrich the platform strategy literature by expanding our understanding of how complementors experience platform power. (3) We clarify how the study validates and extends theories of social contagion. We conclude with a discussion of the study's limitations, avenues for future research, and policy implications.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105300"},"PeriodicalIF":7.5,"publicationDate":"2025-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144672361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2025-07-19DOI: 10.1016/j.respol.2025.105299
Zhijing Zhu , Haiyang Li
{"title":"Technological catch-up: A new measure and patent-based evidence from China's manufacturing industries","authors":"Zhijing Zhu , Haiyang Li","doi":"10.1016/j.respol.2025.105299","DOIUrl":"10.1016/j.respol.2025.105299","url":null,"abstract":"<div><div>The technological catch-up literature has not yet systematically assessed how different industries from latecomer economies have progressed in catching up. A significant challenge is the lack of reliable measures of innovation capability across countries, industries, and time. In this study, we develop a new measure of innovation capability called quality-weighted revealed innovation advantage (QRIA), which captures innovation capability more comprehensively and reliably than extant measures by simultaneously addressing issues of patent quantity distortion and patent quality heterogeneity. We apply QRIA to evaluate how globally competitive Chinese manufacturing industries (N = 22) have become in terms of innovation capability by using data from all invention patents granted by the US Patent and Trademark Office (USPTO) between 1983 and 2017. Using China as the empirical context, our study provides the first worldwide comparative evidence of technological catch-up across countries and industries over time. Our analyses reveal that while Chinese manufacturing industries have seen significant growth in patents, there are notable differences and time-varying changes in their innovation capabilities compared to their global counterparts. Only two industries have narrowed their gaps with global leaders: (1) computer, electronic, and optical products manufacturing and (2) electrical equipment manufacturing. The other industries have either fallen further behind global leaders or remained close to the average innovation capability.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105299"},"PeriodicalIF":7.5,"publicationDate":"2025-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144662953","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2025-07-18DOI: 10.1016/j.respol.2025.105288
Niccolò Pisani , Hanjo D. Boekhout , Eelke M. Heemskerk , Frank W. Takes
{"title":"China's rise as global scientific powerhouse: A trajectory of international collaboration and specialization in high-impact research","authors":"Niccolò Pisani , Hanjo D. Boekhout , Eelke M. Heemskerk , Frank W. Takes","doi":"10.1016/j.respol.2025.105288","DOIUrl":"10.1016/j.respol.2025.105288","url":null,"abstract":"<div><div>The recent and rapid ascent of China into today's scientific powerhouse is increasingly debated in circles of economic politics and policy making. Yet, we still know relatively little how such rise has materialized in terms of Chinese scientists' openness to international collaborations and relative focus on high-impact research, particularly in relation to the U.S. Leveraging a unique, curated database of over 25 million scientific publications from 2008 until 2020, we aim to fill this gap and empirically investigate: (1) the extent to which collaboration of China-based researchers with scientists from other countries has materialized; (2) how competition in producing high-impact research has evolved for China, especially vis-à-vis the U.S., in the global production of science; and (3) whether specialization in well-defined fields has characterized China's ascent in science and, if so, in which areas. Our findings show that China's rise as a leading player in global science has importantly built on opening its knowledge production to collaboration, both domestically and internationally. This has been paired with a remarkable focus on high-impact research. Recently, China has entirely closed the gap with the U.S. in terms of contribution to the global top 1 % high-impact scientific production, specializing in four key fields – engineering/electrical/electronic, materials science, physics, and chemistry. Our study sheds new light on the changing landscape of global scientific production and opens several avenues for future research.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105288"},"PeriodicalIF":7.5,"publicationDate":"2025-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144653558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Industrial policy, congruence, and innovation: Evidence from “Chinese NASDAQ”","authors":"Xiuping Hua , Yong Wang , Junjie Xia , Haochen Zhang","doi":"10.1016/j.respol.2025.105298","DOIUrl":"10.1016/j.respol.2025.105298","url":null,"abstract":"<div><div>This paper investigates the association between firm innovation and endowment-based fundamental factors through the lens of congruence and then examines the impact of a national-level industrial policy on this newly established link. Based on a sample of small and innovative firms listed on the National Equities Exchange and Quotations, China's NASDAQ counterpart, we find that firms with greater congruence with local endowment structure tend to have more innovation inputs and outputs. Additionally, in a quasi-experimental setting, we further examine the effect of the “Made in China 2025” (MC2025) industrial policy. Our findings indicate that MC2025 increases bank loans for treated firms and weakens the positive association between congruence and firm innovation. This suggests that MC2025 has a dual impact: while it increases access to capital, it may also lead to capital misallocations and policy distortions, ultimately hindering long-term innovation capabilities.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105298"},"PeriodicalIF":7.5,"publicationDate":"2025-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144634151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2025-07-08DOI: 10.1016/j.respol.2025.105285
Erik Engberg , Michael Koch , Magnus Lodefalk , Sarah Schroeder
{"title":"Artificial intelligence, tasks, skills, and wages: Worker-level evidence from Germany","authors":"Erik Engberg , Michael Koch , Magnus Lodefalk , Sarah Schroeder","doi":"10.1016/j.respol.2025.105285","DOIUrl":"10.1016/j.respol.2025.105285","url":null,"abstract":"<div><div>This paper examines how new technologies are linked to changes in the content of work and individual wages. As a first step, it documents novel facts on task and skill changes within occupations over the past two decades in Germany. We furthermore reveal a distinct relationship between ex-ante occupational work content and ex-post exposure to artificial intelligence (AI) and automation (robots). Workers in occupations with high AI exposure perform different activities and face different skill requirements compared to workers in occupations exposed to robots, suggesting that robots and AI are substitutes for different activities and skills. We also document that changes in the task and skill content of occupations is related to ex-ante exposure to technologies. Finally, the study uses individual labour market biographies to investigate the relationship between AI and wages. By exploring the dynamic influence of AI exposure on individuals over time, the study uncovers positive associations with wages, with nuanced variations across occupational groups, thereby shedding further light on the substitutability and augmentability of AI.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105285"},"PeriodicalIF":7.5,"publicationDate":"2025-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144571236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Beyond the reverse product cycle: An exploration of the digital, social and spatial transformation of libraries1","authors":"Benoît Desmarchelier , Faridah Djellal , Faïz Gallouj , Nassim Gallouj","doi":"10.1016/j.respol.2025.105297","DOIUrl":"10.1016/j.respol.2025.105297","url":null,"abstract":"<div><div>Focusing on innovation dynamics in public libraries, this article begins by revisiting one of the very first attempts to construct a theory of innovation in services: the reverse product cycle (RPC), published in Research Policy (Barras, 1986, 1990). With reference to ICT-based innovation trajectories in libraries, the article validates the RPC by identifying a cycle that begins with a stage dominated by process innovations, followed by one dominated by product innovations. It goes further by extending – and in some respects updating – the model, taking into account forgotten technologies and introducing new waves of enabling technologies associated with Industry 4.0 and 5.0. The rise of the internet and digitization posed an existential threat to libraries. Their survival, however, is due to their ability to reinvent themselves – transforming this threat into an opportunity, and embracing innovative trajectories that aren't solely ICT-based. These include book-, object-, individual-, and space-based trajectories.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105297"},"PeriodicalIF":7.5,"publicationDate":"2025-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144569824","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2025-07-03DOI: 10.1016/j.respol.2025.105295
Alex J. Yang
{"title":"Text vs. citations: A comparative analysis of breakthrough and disruption metrics in patent innovation","authors":"Alex J. Yang","doi":"10.1016/j.respol.2025.105295","DOIUrl":"10.1016/j.respol.2025.105295","url":null,"abstract":"<div><div>This study examines two dynamic metrics for assessing technological innovation— the text-based breakthrough index (KI index) and the citation-based disruption index (CD index)—both of which integrate ex-ante (novelty) and ex-post (impact) information. The KI index identifies breakthrough inventions by measuring their novelty (low similarity to prior patents) and impact (high similarity to future patents), whereas the CD index quantifies technological disruption by analyzing shifts in citation patterns. Using a dataset of over six million patents filed with the USPTO between 1980 and 2017, this paper finds that KI and CD indices are highly correlated and both effectively capture technological breakthroughs. Patents with high KI or CD scores typically originate from original and narrowly focused knowledge bases. However, the two indices exhibit distinct patterns: (1) the KI index fluctuates with economic cycles, while the CD index has experienced a steady decline over time; (2) the KI index positively correlates with future patent citation impact, whereas the CD index follows a U-shaped relationship with patent citation impact; and (3) small and remote teams produce higher KI but lower CD scores, potentially because larger teams cite newer, widely recognized references. I discuss innovation concepts—breakthroughs, disruptions, and beyond—to contextualize these findings and explore their implications for understanding technological advancement. These results contribute to the discourse on measuring innovation and underscore the complementary strengths of text-based and citation-based approaches in assessing technological progress.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105295"},"PeriodicalIF":7.5,"publicationDate":"2025-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144535012","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2025-07-02DOI: 10.1016/j.respol.2025.105294
Frank W. Geels , Martina Ayoub
{"title":"Policy feedbacks and socio-technical feedbacks in accelerated low-carbon transitions: An integrated conceptual framework illustrated with case studies of lighting and smart meters","authors":"Frank W. Geels , Martina Ayoub","doi":"10.1016/j.respol.2025.105294","DOIUrl":"10.1016/j.respol.2025.105294","url":null,"abstract":"<div><div>This paper aims to make two conceptual contributions to the growing research strand on policy feedbacks and socio-technical systems, which highlights that policies can generate effects in socio-technical systems that subsequently shape policymaking and strengthen policy trajectories. While policy feedbacks are relevant for understanding accelerated low-carbon transitions, the first contribution is to suggest that a fuller understanding should also include feedbacks within socio-technical systems. We therefore propose an integrated conceptual framework that opens up the black box of socio-technical systems and complements policy feedbacks with a more differentiated conceptualisation of socio-technical feedbacks between firms, users, wider publics, and technology. These socio-technical feedbacks can generate cost reductions, performance improvements, increasing confidence and investments, favourable public debates, and enhanced user adoption. We suggest and show that positive policy feedbacks as well as positive socio-technical feedbacks are needed to accelerate low-carbon transitions. The second contribution is to elaborate the moderating role of technological characteristics such as design complexity and customisation needs in positively or negatively shaping feedback loops. We apply our conceptual framework to case studies of energy efficiency lighting and smart meters in the UK, showing empirically how positive policy feedbacks and socio-technical feedbacks in the former accelerated the LED transition and led to stronger policies over time, whereas negative feedbacks in the latter case resulted in slower than anticipated diffusion and delayed deployment targets.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105294"},"PeriodicalIF":7.5,"publicationDate":"2025-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144523972","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}