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Technology Regimes and New Firm Formation

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  • Scott Shane

    () (R.H. Smith School of Business, University of Maryland, College Park, Maryland 20742)

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    Abstract

    At least since Schumpeter (1934 and 1942), researchers have been interested in identifying the dimensions of technology regimes that facilitate new firm formation as a mode of technology exploitation. Using data on 1,397 patents assigned to the Massachusetts Institute of Technology during the 1980-1996 period, I show that four hypothesized dimensions of the technology regime---the age of the technical field, the tendency of the market toward segmentation, the effectiveness of patents, and the importance of complementary assets in marketing and distribution---influence the likelihood that new technology will be exploited through firm formation.

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    File URL: http://dx.doi.org/10.1287/mnsc.47.9.1173.9785
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    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 47 (2001)
    Issue (Month): 9 (September)
    Pages: 1173-1190

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    Handle: RePEc:inm:ormnsc:v:47:y:2001:i:9:p:1173-1190

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    Related research

    Keywords: Entrepreneurship; Technology Regimes; Patents;

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    Cited by:
    1. Audretsch, David B. & Hülsbeck, Marcel & Lehmann, Erik E., 2010. "Regional competitiveness, university spillovers and entrepreneurial activity," UO Working Papers 02-10, University of Augsburg, Chair of Management and Organization.
    2. Bruckner, Eberhard, 2003. "Überlebenschancen neu gegründeter Firmen: ein evolutionstheoretischer Zugang," Discussion Papers, Research Unit: Civil Society and Transnational Networks SP IV 2003-105, Social Science Research Center Berlin (WZB).
    3. Mol, Joeri M. & Wijnberg, Nachoem M., 2002. "Value chain envy: explaining new entry and vertical integration in popular music," Research Report 02B62, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    4. Lichtenthaler, Ulrich, 2010. "Determinants of proactive and reactive technology licensing: A contingency perspective," Research Policy, Elsevier, vol. 39(1), pages 55-66, February.
    5. Russell Thomson & Elizabeth Webster, 2011. "External Ventures: Why Firms Don't Develop All Their Inventions In-house," Melbourne Institute Working Paper Series wp2011n19, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    6. Clarysse, Bart & Wright, Mike & Lockett, Andy & Van de Velde, Els & Vohora, Ajay, 2005. "Spinning out new ventures: a typology of incubation strategies from European research institutions," Journal of Business Venturing, Elsevier, vol. 20(2), pages 183-216, March.
    7. Shane, Scott, 2002. "Executive Forum: University technology transfer to entrepreneurial companies," Journal of Business Venturing, Elsevier, vol. 17(6), pages 537-552, October.
    8. Levesque, Moren, 2004. "Mathematics, theory, and entrepreneurship," Journal of Business Venturing, Elsevier, vol. 19(5), pages 743-765, September.
    9. Audretsch, David B & Lehmann, Erik E & Warning, Susanne, 2003. "University Spillovers: Strategic Location and New Firm Performance," CEPR Discussion Papers 3837, C.E.P.R. Discussion Papers.
    10. Cader, Hanas A. & Leatherman, John C., 2008. "Geography of Employment and Establishment Dynamics in Information Technology and E-Commerce Industries," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(1).
    11. Krabel, Stefan & Mueller, Pamela, 2009. "What drives scientists to start their own company?: An empirical investigation of Max Planck Society scientists," Research Policy, Elsevier, vol. 38(6), pages 947-956, July.
    12. O'Shea, Rory P. & Allen, Thomas J. & Chevalier, Arnaud & Roche, Frank, 2005. "Entrepreneurial orientation, technology transfer and spinoff performance of U.S. universities," Research Policy, Elsevier, vol. 34(7), pages 994-1009, September.
    13. Astebro, Thomas B. & Dahlin, Kristina B., 2005. "Opportunity knocks," Research Policy, Elsevier, vol. 34(9), pages 1404-1418, November.
    14. Andrea Bonaccorsi & Grid Thoma, 2005. "Scientific and Technological Regimes in Nanotechnology: Combinatorial Inventors and Performance," LEM Papers Series 2005/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    15. Di Gregorio, Dante & Shane, Scott, 2003. "Why do some universities generate more start-ups than others?," Research Policy, Elsevier, vol. 32(2), pages 209-227, February.
    16. Landry, Rejean & Amara, Nabil & Rherrad, Imad, 2006. "Why are some university researchers more likely to create spin-offs than others? Evidence from Canadian universities," Research Policy, Elsevier, vol. 35(10), pages 1599-1615, December.

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