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Recessions, institutions, and regional exploration
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-25 DOI: 10.1016/j.respol.2025.105189
Amit Kumar , Elisa Operti
{"title":"Recessions, institutions, and regional exploration","authors":"Amit Kumar ,&nbsp;Elisa Operti","doi":"10.1016/j.respol.2025.105189","DOIUrl":"10.1016/j.respol.2025.105189","url":null,"abstract":"<div><div>This paper investigates how recessions affect regional exploration, defined as innovation in technologies that extend beyond a region's existing knowledge base. By analyzing USPTO patent data from 2002 to 2015 across the United States, we demonstrate that regional exploration is counter-cyclical. We further examine whether changes in regional institutions – specifically, public R&amp;D, university R&amp;D, and banking – partially mediate the effect of recessions on regional exploration. Our results indicate that only the increasing predominance of international banks in regional banking systems serves a partial mediator. These findings broaden our understanding of how business cycles impact innovation, suggesting that recessions may encourage the creation of new technological trajectories within regions. Furthermore, our study identifies which institutional factors during recessions support regional exploration, enhancing a region's potential for future growth and adaptability.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105189"},"PeriodicalIF":7.5,"publicationDate":"2025-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143157447","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}
引用次数: 0
Decline processes in technological innovation systems: Lessons from energy technologies
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-24 DOI: 10.1016/j.respol.2025.105174
Nuno Bento , Alejandro Nuñez-Jimenez , Noah Kittner
{"title":"Decline processes in technological innovation systems: Lessons from energy technologies","authors":"Nuno Bento ,&nbsp;Alejandro Nuñez-Jimenez ,&nbsp;Noah Kittner","doi":"10.1016/j.respol.2025.105174","DOIUrl":"10.1016/j.respol.2025.105174","url":null,"abstract":"<div><div>Technology decline is gaining attention in sustainability transitions because it can accelerate the adoption of sustainable alternatives and mitigate the lingering impacts of polluting technologies. However, a systematic analysis of the processes driving the decline of established technologies remains absent. This paper addresses this gap by introducing the concept of “decline functions,” inspired by the functional analysis of technological innovation systems (TIS). While traditional TIS functions make emerging systems thrive, decline functions contribute to the unravelling of faltering systems. Four decline functions are suggested: delegitimation, guidance toward exit, market decline, and resource demobilization. These functions are applied to four energy-technology cases: incandescent light bulbs, oil-based heating, nuclear power and internal combustion engine cars. Data were collected through a directed literature review. Our analysis reveals that all four decline functions were present and played important roles across the cases. These functions offer a systematic framework for analyzing and comparing cases of declining TIS and can provide actionable insights for policymakers to accelerate sustainability transitions.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105174"},"PeriodicalIF":7.5,"publicationDate":"2025-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143157446","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}
引用次数: 0
Digital technology and inclusive development during global crisis: Evidence from a randomised experiment in Bangladesh
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-22 DOI: 10.1016/j.respol.2025.105173
Xiaolan Fu , Pervez Ghauri , Jianan Lu
{"title":"Digital technology and inclusive development during global crisis: Evidence from a randomised experiment in Bangladesh","authors":"Xiaolan Fu ,&nbsp;Pervez Ghauri ,&nbsp;Jianan Lu","doi":"10.1016/j.respol.2025.105173","DOIUrl":"10.1016/j.respol.2025.105173","url":null,"abstract":"<div><div>We investigate the role of digital technology in inclusive development by conducting a randomised control trial (RCT) in Bangladesh. We analyse the mechanisms through which access to content-based digital platforms empower marginalised communities' entrepreneurship and employment and hence contributes to their income and resilience. Based on a sample of 2974 respondents, we found that the treatment group, who received our content-based digital platform usage training, manifested higher income resilience and better employment status during the COVID-19 pandemic in 2020–2021. The results are underpinned by sub-group studies, real-usage studies, mechanism validity checks and qualitative analyses. This study contributes to the literature by analysing the impact of digital entrepreneurial support programmes in developing economies and the transmission mechanisms through which they include marginalised communities in economic activities. It also provides the first RCT-based empirical evidence on the developmental impact of content-related digital platform technology that requires low capital investment.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105173"},"PeriodicalIF":7.5,"publicationDate":"2025-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143157477","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}
引用次数: 0
A problem half-solved is a problem well-stated: Increasing the rate of innovation through team problem discovery
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-21 DOI: 10.1016/j.respol.2025.105186
Johnathan R. Cromwell , Jean-François Harvey
{"title":"A problem half-solved is a problem well-stated: Increasing the rate of innovation through team problem discovery","authors":"Johnathan R. Cromwell ,&nbsp;Jean-François Harvey","doi":"10.1016/j.respol.2025.105186","DOIUrl":"10.1016/j.respol.2025.105186","url":null,"abstract":"<div><div>When turning ideas into innovation, current theories argue that a clear problem is essential throughout the innovation process because it enhances several team dynamics while generating and implementing ideas. However, such clarity can also hinder a team's ability to pivot or adapt their project when needed. To address this tension, we conducted a field study on 579 teams participating in an innovation competition at a Fortune Global 500 company to investigate how the level of problem clarity over time affects idea implementation in teams. Our results show that when teams began with lower levels of problem clarity and then gained higher clarity over time based on prior work developing ideas for the solution, a process we call “team problem discovery,” ∼80 % of these teams completed their respective project in the organization. But when following a more traditional innovation process, in which they began with higher clarity and then maintained it throughout a project, only ∼50 % of teams completed their project. These findings challenge prior assumptions in literature and offer several theoretical insights into the way teams can engage in problem solving and build shared cognition over time to increase the rate of innovation in organizations.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105186"},"PeriodicalIF":7.5,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143157445","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}
引用次数: 0
Unleashing creative potential: The role of stable institutional ownership in exploratory innovation
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-21 DOI: 10.1016/j.respol.2024.105166
Xin Deng , Hesham Ali , Heba Aboelkheir
{"title":"Unleashing creative potential: The role of stable institutional ownership in exploratory innovation","authors":"Xin Deng ,&nbsp;Hesham Ali ,&nbsp;Heba Aboelkheir","doi":"10.1016/j.respol.2024.105166","DOIUrl":"10.1016/j.respol.2024.105166","url":null,"abstract":"<div><div>This study investigates the impact of institutional ownership (IO) stability on firms’ pursuit of exploratory innovation. Utilizing a comprehensive dataset of public U.S. firms from 1990 to 2018, we provide robust evidence that firms with stable IO are more inclined to engage in exploratory innovation. Our analysis identifies three key mechanisms through which IO stability facilitates exploratory innovation: <em>disciplinary</em>, <em>informational</em>, and <em>resource-provision</em> channels. Considering the heterogeneous nature of institutional investors, our extended analysis indicates that the positive effect of stable IO on exploratory innovation is driven by active institutional investors, while the stability of both institutional blockholders and non-blockholders contributes to increased exploratory innovation. Furthermore, we find that the nexus between IO stability and exploratory innovation is more pronounced in firms with concentrated IO. Finally, we find that IO stability also leads to a high level of breakthrough innovation. Overall, our study highlights the critical role that stable IO plays in facilitating firms to overcome learning traps and fostering an environment conducive to exploratory activities within organizations.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105166"},"PeriodicalIF":7.5,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143156938","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}
引用次数: 0
Simmelian brokerage, tertius iungens orientation, and idea elaboration
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-20 DOI: 10.1016/j.respol.2025.105185
Stefano Tasselli , Hongzhi Chen , Brian R. Dineen
{"title":"Simmelian brokerage, tertius iungens orientation, and idea elaboration","authors":"Stefano Tasselli ,&nbsp;Hongzhi Chen ,&nbsp;Brian R. Dineen","doi":"10.1016/j.respol.2025.105185","DOIUrl":"10.1016/j.respol.2025.105185","url":null,"abstract":"<div><div>In organizations, idea elaboration calls for employees to work with inner-circle coworkers, who may be embedded in separate network cliques. Theories are inconclusive concerning how brokerage position between separate cliques will affect the elaboration and improvement of embryonic ideas. In three studies of R&amp;D scientists and medical professionals in various field settings, we first explored and found that being the sole shared member of separate cliques (i.e., Simmelian brokerage) undermines the quantity and quality of elaborated ideas. To explain this finding, we suggest that the Simmelian brokerage position begets a multi-insider trap: while the idea elaborators benefit from obtaining non-redundant feedback across separate cliques, they also encounter the challenge of selecting, aligning, and integrating potentially conflicting feedback. To investigate a boundary condition, we then explored the role of tertius iungens orientation; i.e., the tendency to bring people together with an inclusive mindset to incorporate divergent perspectives. Prior research suggests that this can reduce both the advantages and disadvantages of brokerage positions. Results show that Simmelian brokerage's detrimental effect is mitigated for people with a higher level of tertius iungens orientation. Overall, this exploratory research identifies a pitfall for innovators who are the sole shared member of separate network cliques, and illuminates who might best navigate such a pitfall.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105185"},"PeriodicalIF":7.5,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143157448","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
Is the supermultiplier currently nil? - A replication study of Deleidi and Mazzucato (2021)
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-17 DOI: 10.1016/j.respol.2025.105176
Jens Boysen-Hogrefe
{"title":"Is the supermultiplier currently nil? - A replication study of Deleidi and Mazzucato (2021)","authors":"Jens Boysen-Hogrefe","doi":"10.1016/j.respol.2025.105176","DOIUrl":"10.1016/j.respol.2025.105176","url":null,"abstract":"<div><div>Analyzing US macro data via a structural vector-autoregressive model (SVAR), Deleidi and Mazzucato (2021) find strong positive spillovers from mission-oriented government spending on private research and development, as well as on overall economic activity (“crowding in”). Deleidi and Mazzucato apply the SVAR to first-differenced data despite the possibility of cointegration. The replication shows that the result hinges on the transformation of the data and the choice of the sample period. The time variation of the estimation results is substantial. When estimating the model with data starting after 1985, the results point to a temporary “crowding out” of private research and development spending.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105176"},"PeriodicalIF":7.5,"publicationDate":"2025-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143157478","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}
引用次数: 0
Gender diversity in academic entrepreneurship: Social impact motives and the NSF I-corps program
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-16 DOI: 10.1016/j.respol.2024.105169
April Burrage , Nilanjana Dasgupta , Ina Ganguli
{"title":"Gender diversity in academic entrepreneurship: Social impact motives and the NSF I-corps program","authors":"April Burrage ,&nbsp;Nilanjana Dasgupta ,&nbsp;Ina Ganguli","doi":"10.1016/j.respol.2024.105169","DOIUrl":"10.1016/j.respol.2024.105169","url":null,"abstract":"<div><div>This study examines gender differences in the social impact and commercial motives for academic entrepreneurship using the National Science Foundation's Innovation Corps (NSF I-Corps) program. I-Corps provides experiential entrepreneurship training to faculty and graduate student researchers at local I-Corps university sites and through a nationwide program. Since the inception of I-Corps, only 20 % of participants have been women. We first use survey data from one I-Corps university site to show that women had higher social entrepreneurial intentions compared to commercial entrepreneurial intentions, and their social entrepreneurial intentions were higher than men's. We then extend and generalize this finding by analyzing 1267 publicly available project summaries from the National I-Corps Program from 2011 to 2019. We find that women PIs' project proposals emphasized social impact significantly more than men, while projects for all PIs emphasized commercial impact to a similar degree. We next ran a field experiment to estimate the causal impact of social impact vs. commercial motives by experimentally manipulating the recruitment email messages inviting researchers to participate in the I-Corps training program. We find that women were more likely to show interest in a social impact version of a message compared to a commercial version, while men showed equal interest in both types of messages. Taken together, our results indicate that women are more interested in pursuing commercialization and entrepreneurship activities when they are tackling societal problems. They suggest that low-cost interventions that emphasize the social impact value of entrepreneurial opportunities may increase gender diversity in entrepreneurship activities.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105169"},"PeriodicalIF":7.5,"publicationDate":"2025-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143157450","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
Accounting backgrounds and technological innovation: Are accountant CEOs inferior innovators?
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-16 DOI: 10.1016/j.respol.2025.105175
Jian Cao , Feng Chen , Mingxiang Li , Xin Luo
{"title":"Accounting backgrounds and technological innovation: Are accountant CEOs inferior innovators?","authors":"Jian Cao ,&nbsp;Feng Chen ,&nbsp;Mingxiang Li ,&nbsp;Xin Luo","doi":"10.1016/j.respol.2025.105175","DOIUrl":"10.1016/j.respol.2025.105175","url":null,"abstract":"<div><div>Studies grounded in the theory of vocational personality suggest that accountants exhibit a conventional personality type in virtue of which they tend to be relatively uncreative. The well-observed phenomenon whereby corporations appoint CEOs with accounting backgrounds raises the question of how effectively accountant CEOs lead technological innovation. Using a large dataset of patents issued to U.S. firms from 2001 through 2018, we find that firms with accountant CEOs are associated with lower innovation output and a weaker propensity to pursue explorative innovations but greater efficiency in generating innovation output per unit of resource input. We also show that industry growth mitigates the negative effects of accountant CEOs on exploration and innovation while enhancing their capacity to promote innovation efficiency. Our findings delineate the trade-offs associated with accountant CEO appointments and highlight a significant yet underexplored aspect of a CEO's personal background—underlying vocational personality traits—as determinants that influence innovation pathways and strategic outcomes.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105175"},"PeriodicalIF":7.5,"publicationDate":"2025-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143157451","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 zombie firms: Empirical evidence from Italy
IF 7.5 1区 管理学
Research Policy Pub Date : 2025-01-16 DOI: 10.1016/j.respol.2025.105172
Andrea Ascani , Lakshmi Balachandran Nair
{"title":"Innovation and zombie firms: Empirical evidence from Italy","authors":"Andrea Ascani ,&nbsp;Lakshmi Balachandran Nair","doi":"10.1016/j.respol.2025.105172","DOIUrl":"10.1016/j.respol.2025.105172","url":null,"abstract":"<div><div>Zombie firms are businesses that cannot repay debt from current profits over an extended period and yet continue to operate and avoid failure. This article specifically investigates whether and under what circumstances the presence of zombies in an industry constitutes a barrier to the innovativeness of non-zombies in the same sector. Conceptually, non-zombie firms may face tougher access to finance and fiercer market competition when zombies are in business, and this could reduce their innovative efforts. By analysing matched patent-firm data from Bureau van Dijk ORBIS Intellectual Property on 426,130 Italian firms from 2012 to 2018, we find evidence in favour of this negative intra-industry spillover. Nonetheless, this general relationship is subject to various contingencies. Specifically, zombies are detrimental to healthy firms that (i) depend on external sources of finance, (ii) operate in highly competitive markets, (iii) are more exposed to the erosion of their market shares, and (iv) do not possess a pre-existing strong knowledge base. Our findings have relevant policy and managerial implications.</div></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"54 3","pages":"Article 105172"},"PeriodicalIF":7.5,"publicationDate":"2025-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143157449","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}
引用次数: 0
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