Research Policy最新文献

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Export controls and innovation transfer within Chinese business groups: Evidence from the U.S. entity list 中国企业集团内部的出口管制和创新转移:来自美国实体名单的证据
IF 8 1区 管理学
Research Policy Pub Date : 2025-08-13 DOI: 10.1016/j.respol.2025.105311
Yuhan He, Jinqiu Lyu
{"title":"Export controls and innovation transfer within Chinese business groups: Evidence from the U.S. entity list","authors":"Yuhan He,&nbsp;Jinqiu Lyu","doi":"10.1016/j.respol.2025.105311","DOIUrl":"10.1016/j.respol.2025.105311","url":null,"abstract":"<div><div>This paper investigates the positive effect of U.S. export controls on the innovation performance of firms in Chinese business groups. Using annual microdata from 2010 to 2022, we analyze how firms indirectly affected by the U.S. entity list respond to these shocks. The positive effect of export controls on innovation performance is evident when indirectly shocked firms are peers of the blacklisted firms and becomes even more pronounced when they are upstream of the blacklisted firms, driven by the need for suppliers to initiate their own innovations. Additionally, we find that both capital and talent within the group are reallocated to these indirectly affected firms following the sanctions. These findings suggest that business groups serve as an internal innovation market, where innovation transfer occurs through inter-firm industrial interaction and resource reallocation. However, the shocks show no significant effect on the innovation performance of the group as a whole, rejecting the hypothesis of overall innovation enhancement. Further analysis reveals that export controls significantly improve firms' productivity, illustrating positive spillover effects on product markets. Overall, this study reveals that export controls drive innovation transfer within Chinese business groups and accelerate technological decoupling from the United States.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 9","pages":"Article 105311"},"PeriodicalIF":8.0,"publicationDate":"2025-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144829980","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}
引用次数: 0
A new approach to measuring invention commercialization: An application to the SBIR program 衡量发明商业化的新方法:在SBIR计划中的应用
IF 8 1区 管理学
Research Policy Pub Date : 2025-08-13 DOI: 10.1016/j.respol.2025.105302
Carlo Bottai , Gaétan de Rassenfosse , Emilio Raiteri
{"title":"A new approach to measuring invention commercialization: An application to the SBIR program","authors":"Carlo Bottai ,&nbsp;Gaétan de Rassenfosse ,&nbsp;Emilio Raiteri","doi":"10.1016/j.respol.2025.105302","DOIUrl":"10.1016/j.respol.2025.105302","url":null,"abstract":"<div><div>Measuring the commercialization of patented inventions remains a key challenge in innovation studies. This paper introduces a novel, web-based method for tracking the commercialization of patented inventions. The method leverages targeted web searches to identify online traces of commercialization, offering a scalable alternative to surveys and case studies. We apply this method to patents arising from the U.S. Department of Defense’s Small Business Innovation Research program, linking 3070 patents to procurement contracts and assessing their commercialization outcomes. The results indicate that 21.5% of these patents show signs of commercialization, with variations across R&amp;D stages and contract phases. The method provides a systematic way to identify market adoption of patented technologies and can be extended to other contexts where identifying commercialized patents is relevant.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 9","pages":"Article 105302"},"PeriodicalIF":8.0,"publicationDate":"2025-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144829982","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}
引用次数: 0
Health and creativity: Evidence from corporate innovation 健康与创造力:来自企业创新的证据
IF 8 1区 管理学
Research Policy Pub Date : 2025-08-12 DOI: 10.1016/j.respol.2025.105310
Truc (Peter) Do , Kelvin Jui Keng Tan , Yanhui Wu
{"title":"Health and creativity: Evidence from corporate innovation","authors":"Truc (Peter) Do ,&nbsp;Kelvin Jui Keng Tan ,&nbsp;Yanhui Wu","doi":"10.1016/j.respol.2025.105310","DOIUrl":"10.1016/j.respol.2025.105310","url":null,"abstract":"<div><div>This study examines how workforce health affects corporate innovation output. At the inventor level, we show that healthier individual inventors, measured using facial recognition-based estimates of Body Mass Index, produce more valuable patents. At the firm level, we show that better workforce health is associated with improved innovation output, particularly in the presence of increased creative destruction and product market competition. Improved workforce health enhances corporate innovation primarily through efficiency gains. This study highlights the importance of workforce health as one of the key drivers of innovation and emphasizes the need for firms to prioritize employee health in their innovation strategies.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 9","pages":"Article 105310"},"PeriodicalIF":8.0,"publicationDate":"2025-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144827562","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}
引用次数: 0
Using computer vision to measure design similarity: An application to design rights 用计算机视觉测量设计相似度:在设计权利中的应用
IF 8 1区 管理学
Research Policy Pub Date : 2025-08-12 DOI: 10.1016/j.respol.2025.105309
Egbert Amoncio , Tian Chan , Cornelia Storz
{"title":"Using computer vision to measure design similarity: An application to design rights","authors":"Egbert Amoncio ,&nbsp;Tian Chan ,&nbsp;Cornelia Storz","doi":"10.1016/j.respol.2025.105309","DOIUrl":"10.1016/j.respol.2025.105309","url":null,"abstract":"<div><div>Competition among firms has increasingly been through design. We show how computer vision algorithms can be leveraged to measure the visual similarity of design rights across large data sets of product design images. In particular: we extract and standardize 716,168 unique design images included in US design patents (1976–2023); adapt the structural similarity index measure to quantify design similarities between images; and rigorously validate the resulting measure of design rights similarity. We then use that measure to produce novel empirical evidence that a design space's similarity density exhibits an inverted U-shape with respect to the likelihood of that space's design rights being litigated—a relationship proposed previously but never tested. Our design rights similarity measure should facilitate the exploration of new research questions in the fields of design rights, innovation, and strategy. We grant open access to our code and data resources to encourage research in such fields.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 9","pages":"Article 105309"},"PeriodicalIF":8.0,"publicationDate":"2025-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144829979","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}
引用次数: 0
Organizing transformative innovation: Advancing an organizational research agenda within Transformative Innovation Policy 组织变革创新:在变革创新政策中推进组织研究议程
IF 8 1区 管理学
Research Policy Pub Date : 2025-08-12 DOI: 10.1016/j.respol.2025.105292
Jane Bjørn Vedel , Jacob Hasselbalch , Susana Borrás , Alan Irwin , Vera Simoneit
{"title":"Organizing transformative innovation: Advancing an organizational research agenda within Transformative Innovation Policy","authors":"Jane Bjørn Vedel ,&nbsp;Jacob Hasselbalch ,&nbsp;Susana Borrás ,&nbsp;Alan Irwin ,&nbsp;Vera Simoneit","doi":"10.1016/j.respol.2025.105292","DOIUrl":"10.1016/j.respol.2025.105292","url":null,"abstract":"<div><div>In a world increasingly shaped by geopolitical divides, technological disruption, and the climate crisis, Transformative Innovation Policy (TIP) is more essential than ever. However, the TIP research field holds considerable potential to move beyond its current state of the art by incorporating a more sophisticated organizational perspective. This paper responds to a recent call for new analytical tools in TIP by proposing that valuable insights can be drawn from Organization Theory (OT) scholarship. By reviewing and categorizing recent OT research on transformative innovation, we show how engagement with this literature can yield novel insights within key TIP gap areas and beyond. In particular, recent OT work on emotions, social movements, and temporality offers promising opportunities to deepen TIP's understanding of capabilities, experimentation, and the systemic impact of policy interventions. More broadly, this paper contributes to TIP debates by advocating for stronger cross-pollination with OT to enhance the field's theoretical foundation and practical relevance. We conclude that closer interaction between OT and TIP can enable more effective approaches to transformative innovation.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 9","pages":"Article 105292"},"PeriodicalIF":8.0,"publicationDate":"2025-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144829977","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}
引用次数: 0
Technological change, incumbent dominance, and knowledge base evolution in multi-technology industries: A patent analysis of the global automotive sector 多技术产业中的技术变革、在位者主导地位和知识库演变:全球汽车行业的专利分析
IF 8 1区 管理学
Research Policy Pub Date : 2025-08-12 DOI: 10.1016/j.respol.2025.105304
Alessandra Perri , Daniela Silvestri , Francesco Zirpoli
{"title":"Technological change, incumbent dominance, and knowledge base evolution in multi-technology industries: A patent analysis of the global automotive sector","authors":"Alessandra Perri ,&nbsp;Daniela Silvestri ,&nbsp;Francesco Zirpoli","doi":"10.1016/j.respol.2025.105304","DOIUrl":"10.1016/j.respol.2025.105304","url":null,"abstract":"<div><div>Traditional models of creative destruction posit that established firms often stick to their dominant technology, exhibiting resistance to change even when new technologies emerge. However, recent perspectives challenge this view, suggesting that incumbents can adapt and innovate in response to technological disruption. This paper contributes to this debate by asking, “What factors influence incumbent firms' sustained market dominance amidst technological change?” We address this question by focusing on the automotive industry — a multi-technology sector characterised by products integrating diverse technological components with varying rates of change, and where incumbents serve a central role as “systems integrators.” By analysing the patent portfolios of the top 25 automotive Original Equipment Manufacturers (OEMs) over a 30-year period (1990–2019), we provide valuable insights into innovation patterns within the automotive sector, specifically concerning the emergence of new technological fields and shifts in industry composition. Our analysis reveals that the structure and evolution of the industry's knowledge base inherently protect incumbents from new entrants, thereby explaining their dominance. This theoretical perspective, coupled with the observed transformation of the automotive industry, highlights the need to investigate whether incumbents' primacy in technological development alone could prevent a future industry shakeout in the absence of relevant investments in product and process innovation. The paper further argues that incumbent inertia amidst technological discontinuities presents a challenge for policymakers, emphasizing the potential need for regulatory intervention to accelerate the transition towards a greener automotive industry.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 9","pages":"Article 105304"},"PeriodicalIF":8.0,"publicationDate":"2025-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144829978","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}
引用次数: 0
Syndication in equity crowdfunding: Performance and the evaluation of experts 股权众筹中的辛迪加:绩效与专家评价
IF 8 1区 管理学
Research Policy Pub Date : 2025-08-06 DOI: 10.1016/j.respol.2025.105290
Christian Catalini , Xiang Hui
{"title":"Syndication in equity crowdfunding: Performance and the evaluation of experts","authors":"Christian Catalini ,&nbsp;Xiang Hui","doi":"10.1016/j.respol.2025.105290","DOIUrl":"10.1016/j.respol.2025.105290","url":null,"abstract":"<div><div>We study investment syndication on an equity crowdfunding platform where experts (syndicate leads) curate and invest in early-stage firms on behalf of other investors in exchange for shared profit. We provide evidence that this model outperforms direct investments, especially for non-Californian startups with less publicly available information. Additional analyses suggest the better performance comes from reduced asymmetric information and lower transaction costs through better access to quality deals and lower effort for evaluating and monitoring startups. Using a large-scale field experiment, we find that investors are more likely to explore syndicate leads’ profiles when provided information about their network size and favorable track record, suggesting that investors value these two attributes when evaluating leads. A survey of 44 active investors shows that large networks are perceived as signals of access to quality deals, reputation, and due diligence, while track record is perceived as a signal of leads’ ability and a direct measure of success. These findings suggest that the syndication model can enhance market efficiency in equity crowdfunding and that emphasizing leads’ professional networks and past performance can be an effective strategy for increasing adoption of the model.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 9","pages":"Article 105290"},"PeriodicalIF":8.0,"publicationDate":"2025-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144779406","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}
引用次数: 0
Collaboration across the globe: Time zone differences and citations 全球协作:时区差异和引用
IF 8 1区 管理学
Research Policy Pub Date : 2025-08-02 DOI: 10.1016/j.respol.2025.105296
Miriam Manchin
{"title":"Collaboration across the globe: Time zone differences and citations","authors":"Miriam Manchin","doi":"10.1016/j.respol.2025.105296","DOIUrl":"10.1016/j.respol.2025.105296","url":null,"abstract":"<div><div>This research examines how time zone differences among co-authors of peer-reviewed articles influence citations. The analysis reveals that articles with authors spanning wider time zones receive more citations, even after controlling for physical distance, the number of co-authors, the number of countries, time since publication, journal-specific factors, and in some specifications also co-author team specific factors with fixed effects. Specifically, a one-hour increase in the average time zone difference between authors is associated with a 4% increase in citations compared to the sample mean. The relationship exhibits an inverted U-shape, where a time zone difference of 5 to 6 h, which allows for sufficient overlap, yields the highest positive coefficient (about 15% increase in citations). Field specific results indicate that one potential mechanism through which time zone differences can improve publication outcome is by facilitating faster collaboration and accelerating research outcomes.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105296"},"PeriodicalIF":8.0,"publicationDate":"2025-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144756712","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}
引用次数: 0
Short technology cycle time and firm innovation: Evidence from China 技术周期短与企业创新:来自中国的证据
IF 8 1区 管理学
Research Policy Pub Date : 2025-07-31 DOI: 10.1016/j.respol.2025.105305
Junwei Shi , Jiajia Zhang
{"title":"Short technology cycle time and firm innovation: Evidence from China","authors":"Junwei Shi ,&nbsp;Jiajia Zhang","doi":"10.1016/j.respol.2025.105305","DOIUrl":"10.1016/j.respol.2025.105305","url":null,"abstract":"<div><div>A theoretical model is developed in this study to account for how the technology cycle time affects firm innovation from the perspective of latecomers. Empirical estimations using data from listed companies in China from 1990 to 2022 are conducted. The results show that the more latecomer firms specialize in technologies with short TCTs, the more likely it is for them to enhance innovation performance. Moderating effects of human capital and R&amp;D investment on the relationship between short TCT and firm innovation are verified. Moreover, the impacts of short TCT on firm innovation are stronger when firms are in environments with high uncertainty; when firms are in highly competitive, high-tech, and high reverse engineering industries; and when firms are private, capital-intensive, and in the earlier stages of the lifecycle. The findings offer new insights into the technological catch-up of latecomers in emerging economies by choosing technologies with short TCTs.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 8","pages":"Article 105305"},"PeriodicalIF":8.0,"publicationDate":"2025-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144739317","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}
引用次数: 0
Innovation and annual report readability 创新和年度报告可读性
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-07-28 DOI: 10.1016/j.respol.2025.105301
Dimitrios Gounopoulos , Winifred Huang , Min Yang
{"title":"Innovation and annual report readability","authors":"Dimitrios Gounopoulos ,&nbsp;Winifred Huang ,&nbsp;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}
引用次数: 0
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