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

• Autores: Simcha Jong, Kremena Slavova
• Localización: Research Policy, ISSN-e 1873-7625, Vol. 43, Nº. 4, 2014, págs. 645-654
• Idioma: inglés
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• Resumen

  • 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.