Research PolicyPub Date : 2024-10-22DOI: 10.1016/j.respol.2024.105137
{"title":"From perfume to spirits: Exaptation of a bundle of local resources by an outsider entrepreneur","authors":"","doi":"10.1016/j.respol.2024.105137","DOIUrl":"10.1016/j.respol.2024.105137","url":null,"abstract":"<div><div>Exaptation is fundamental to understanding the emergence of novelty in economic systems. Existing research has primarily focused on ‘product-first/new market’ exaptation of a single resource, largely overlooking ‘problem-first’ contexts, particularly where exaptation involves a bundle of resources. Through an exploratory qualitative case study of Comte de Grasse, a distillery start-up founded by an outsider entrepreneur in the perfume cluster of Grasse, South of France, this paper explores the intricate interplay between entrepreneurial decisions and actions that lead to the exaptation of a bundle of resources, resulting in the creation of a new business within an existing regional cluster. Our findings highlight <em>analogical search</em> as a key mechanism that enables entrepreneurs to address identified market needs by repurposing local resources rather than developing new ones. The insights from our research enrich the prevailing theory on exaptation by further highlighting its agentic nature and demonstrating that it can involve more than a single resource.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142528042","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 : 2024-10-19DOI: 10.1016/j.respol.2024.105129
{"title":"A portfolio approach to research funding","authors":"","doi":"10.1016/j.respol.2024.105129","DOIUrl":"10.1016/j.respol.2024.105129","url":null,"abstract":"<div><div>This study argues that portfolio theory can provide a powerful tool to make research funding decisions. The proposed methodology allows for an informed management decision process, also in the presence of project interdependencies and multiple policy objectives. Despite its potential to improve funding decisions, the portfolio model is not widely applied in practice. The most common approach is merit-based funding where the evaluators' scores of the individual proposals guide funding decisions. A possible explanation is that conventions play a role in the selection process. Survey data show that policy practitioners working in the field of research and innovation policy have a relatively strong preference for the merit-based funding model, suggesting the presence of a “club-effect”.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142528041","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 : 2024-10-11DOI: 10.1016/j.respol.2024.105134
{"title":"Endogeny in measuring research excellence. In-house publishing and conflict of interests in Polish science evaluation","authors":"","doi":"10.1016/j.respol.2024.105134","DOIUrl":"10.1016/j.respol.2024.105134","url":null,"abstract":"<div><div>The ministerial exercise of evaluation of scientific institutions gained a pivotal role in the Polish system of science and higher education after the 2018 reform. The evaluation process under the new rules was concluded in 2022, and in the fields of social sciences and humanities (SSH), it was based to a large extent on domestic publications. We have compiled a sample of articles in journals that exerted the highest impact in the four selected SSH disciplines (over 19 thousand articles in 67 journals) to show elements of partiality in how the evaluation was administered. In particular, we show that a degree of control over a journal prompted a substantially higher share of in-house (endogenous) publications, and we point to clear signs of adaptation by editors to the changes in evaluation rules introduced by the Ministry of Science. The results of that particular national case illustrate that domestic indicators of research excellence are relatively prone to bias, as institutions very often have dual and conflicting roles.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142419522","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 : 2024-10-07DOI: 10.1016/j.respol.2024.105130
{"title":"From local markets to global legitimacy: A materialization perspective on technological innovation system's dynamics","authors":"","doi":"10.1016/j.respol.2024.105130","DOIUrl":"10.1016/j.respol.2024.105130","url":null,"abstract":"<div><div>The Technological Innovation Systems (TIS) literature has made considerable strides in exploring the spatial aspect of technological innovation dynamics over the past decade. Abandoning the purely national focus on TISs, scholars have theorized TIS dynamics simultaneously along multiple geographical scales, such as regional, national, and global. Yet, the conceptual and empirical insights on the local scale of TISs have been limited. This paper elaborates a local spatial perspective on TISs and elucidates how the local scale interacts with broader scales through structural couplings. We use technological materialization to define the local scale and illustrate our perspective with a case study on a local biorefining TIS evolution in France. Using event-history analysis, we explore how the local scale evolved through functional interactions both within and across the local and broader scales. The results reveal shifting configurations of TIS functions and their interactions at various scales in different periods: while the local scale was characterized by materialization of biorefining technology and local market formation, broader scales played more versatile roles by providing resources to, forming end markets for, and establishing the legitimacy of the local scale. Policy should promote biorefinery-internal markets through technological materialization and disseminate local success stories at broader scales.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142420133","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2024-10-06DOI: 10.1016/j.respol.2024.105132
{"title":"Consumption targeted innovation for women: From principle to practice?","authors":"","doi":"10.1016/j.respol.2024.105132","DOIUrl":"10.1016/j.respol.2024.105132","url":null,"abstract":"<div><div>This study explores the gendered dimension of innovation policy, taking the perspective of women as users and consumers of innovation, rather than as participants in the innovative workforce; a perspective which has not yet been fully analysed. Based on an analysis of policy documents by supra-national, national, and sub-national agencies and elite interviews, the research examines the beginnings of a new policy we term “Consumption Targeted Innovation for Women” (CTIW) in a limited number of advanced economies: The EU, and the specific cases of Austria and Israel. Elaborating on the necessity of this policy, the dynamics of its spread and its challenges moving forward, the research contributes conceptually to the budding literature on inclusive innovation policy, and practically to the analysis of emerging policies that are likely to further gender equality in innovation. We argue that CTIW is a response to market failure in the form of innovation designs that systematically cater to male needs and preferences while mostly ignoring those of women. The spread of CTIW policies is driven by policy entrepreneurs from the academic world. Policy adoption depends on the degree to which government in general is committed to gender equality and more specifically gender mainstreaming policy. However, even where the environment is ideologically favorable, CTIW must contend with the fact that most policy attention is focused on measures dedicated to furthering gender-equality on the production side.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142420087","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 : 2024-10-02DOI: 10.1016/j.respol.2024.105133
{"title":"Investment in intangible assets and economic complexity","authors":"","doi":"10.1016/j.respol.2024.105133","DOIUrl":"10.1016/j.respol.2024.105133","url":null,"abstract":"<div><div>We study the nexus between a country's economic complexity and its investment level in intangible assets. Our data spans 27 countries, all sector classifications and 8 intangible categories, which allows us to consider over 188 indicators per country. Our approach offers a complementary more policy-oriented perspective, for economic complexity, compared to relatedness. Results underscore the significance of high knowledge intensity intangibles, such as research and development, in explaining economic complexity. Policy recommendations advocate for prioritizing R&D in manufacturing, alongside fostering complementary activities like employee training, design, and branding in the same sector. In the first part of our results, we introduce an intangible-complexity score for policymakers, enabling the assessment of a country's relative performance in ensuring complexity through investments in various forms of intangible capital, on a country basis. Our second set of estimates, which control for a vast set of potential confounders (almost 800), offer a precise measure of the average impact of intangible investments on complexity, and allow us to argue for the empirical superiority of recent advances in causal machine learning when modeling complexity.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142420086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2024-09-30DOI: 10.1016/j.respol.2024.105131
{"title":"Balancing the radical and the incremental: CEO affiliative humor and organizational ambidexterity","authors":"","doi":"10.1016/j.respol.2024.105131","DOIUrl":"10.1016/j.respol.2024.105131","url":null,"abstract":"<div><div>Organizational ambidexterity is positively associated with firm performance. Yet, it is difficult for CEOs to implement ambidextrous strategies as the radical and incremental innovations that underlie ambidexterity are seemingly incongruous. As such, an important task for both scholars and practitioners involves discerning which factors influence organizational ambidexterity. Building on incongruity theory, we address this puzzle by focusing on CEO affiliative humor, establishing its link with ambidexterity, and further developing and testing theory related to boundary conditions. Through videometric analysis of executive interviews, textual analysis of quarterly earnings calls, and a series of supplemental tests, we offer robust evidence for our study's key relationships. Our study thus makes several contributions, including shedding light on a new pathway—CEO affiliative humor—through which firms can carry out and manage the radical and incremental innovations that underlie ambidexterity, as well by highlighting the complementary role of the CEO-director interface in this regard.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142359001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Research PolicyPub Date : 2024-09-27DOI: 10.1016/j.respol.2024.105127
{"title":"Patent litigation and narrative R&D disclosures: Evidence from the adoption of anti-troll legislation","authors":"","doi":"10.1016/j.respol.2024.105127","DOIUrl":"10.1016/j.respol.2024.105127","url":null,"abstract":"<div><div>The last two decades have witnessed a sharp increase in patent litigation in the United States (U.S.), mainly driven by patent trolls. By exploiting the staggered adoption of Anti-Troll laws across 34 states as a plausible exogenous shock that reduces the risk of patent litigation by these trolls, we show that firms significantly increase their narrative R&D disclosures following the enactment of Anti-Troll laws. This effect is less pronounced in firms facing higher competitive pressure, and more pronounced in firms that are more exposed to threats from patent trolls. Further analyses alleviate the concern that the impact of Anti-Troll laws on disclosures is attributable to state-level economic or policy changes. Our results highlight the significant role of patent troll litigation in influencing the dissemination of narrative R&D information.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142323448","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 : 2024-09-26DOI: 10.1016/j.respol.2024.105121
{"title":"Leading researchers in the leadership of leading research universities: Meta-research analysis","authors":"","doi":"10.1016/j.respol.2024.105121","DOIUrl":"10.1016/j.respol.2024.105121","url":null,"abstract":"<div><div>It is unknown to what extent leading researchers are currently involved in the leadership of leading research universities as presidents or as executive board members. The academic administrative leader (president or equivalent role) of each of the 146 Carnegie tier 1 USA universities and of any of the top-100 universities per Times Higher Education (THE) 2024 ranking and the members of the executive governing bodies (Board of Trustees, Council, Corporation or similar) for the each of the top-20 universities per THE 2024 ranking were examined for high citation impact in their scientific subfield. Highly-cited was defined as the top-2 % of a composite citation indicator (that considers citations, h-index, co-authorship adjusted hm-index and citations to papers as single, first, last authors) in their main scientific subfield based on career-long impact until end-2022 among all scholars focusing in the same subfield and having published ≥5 full papers. Very highly-cited was similarly defined as the top-0.2 %. Science was divided into 174 fields per Science-Metrix classification. 38/146 (26 %) tier 1 USA university leaders as of end-2023 were highly-cited and 5/146 (3 %) were very highly-cited. The respective figures for the top-100 THE 2024 universities globally were 43/100 and 12/100. For the 13 US universities among the top-20 of THE 2024, the probability of their leader being highly-cited was lower (6/13, 46 %) than the probability of a randomly chosen active full tenured professor from their faculty being highly-cited (52–77 %). Across 444 board members of 14 top-10 THE 2024 universities with data, only 65 (15 %) were academics, and 19 (4 %) were highly-cited; academics were rare in USA university boards. Board members had predominantly careers in for-profit companies. In conclusion, leading research universities have a dearth of leaders who are high-impact researchers.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142320426","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 : 2024-09-21DOI: 10.1016/j.respol.2024.105114
{"title":"Institutional quality and success in U.S. equity crowdfunding","authors":"","doi":"10.1016/j.respol.2024.105114","DOIUrl":"10.1016/j.respol.2024.105114","url":null,"abstract":"<div><p>In equity crowdfunding, establishing legitimacy is crucial for firms to mitigate the information asymmetry investors face. We propose that the strategic selection of incorporating a business in Delaware—a jurisdiction recognized for its investor-friendly legal framework—sends a quality signal to investors, enticing greater participation in capital raises. While prior studies indicate a diminishing relevance of Delaware incorporation for later-stage and mature ventures, our study presents a contrasting story for smaller, nascent equity crowdfunding firms. Utilizing a comprehensive dataset of U.S. regulated equity crowdfunding offerings from May 2016 to December 2021, our empirical analysis uncovers a positive and meaningful relationship between Delaware incorporation and crowdfunding success in the United States. These findings underscore the significance of Delaware's legal infrastructure for firms confronting heightened challenges of establishing trust due to otherwise limited governance mechanisms. By highlighting the importance of institutional quality, this research contributes to understanding how legal frameworks influence investment outcomes and entrepreneurial motivations, offering insights for entrepreneurs, investors, and policymakers.</p></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5,"publicationDate":"2024-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S004873332400163X/pdfft?md5=260f2c8c3c02ba4cbdbbd22742f18ee0&pid=1-s2.0-S004873332400163X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142272121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}