When publications lead to products: the open science conundrum in new product development

Jong, Simcha and Slavova, Kremena (2014) When publications lead to products: the open science conundrum in new product development. Research Policy, 43 (4). pp. 645-654. ISSN 0048-7333 (doi:https://doi.org/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.

Item Type: Article
Additional Information: Available online 25 January 2014
Research Areas: A. > Business School > International Management and Innovation
Item ID: 14421
Notes on copyright: http://creativecommons.org/licenses/by/3.0/
Useful Links:
Depositing User: Kremena Slavova
Date Deposited: 13 Mar 2015 12:51
Last Modified: 30 May 2019 20:50
URI: https://eprints.mdx.ac.uk/id/eprint/14421

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