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The Impact of Founders' Professional-Education Background on the Adoption of Open Science by For-Profit Biotechnology Firms

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  • Waverly W. Ding

    ()
    (Haas School of Business, University of California, Berkeley, Berkeley, California 94720)

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    Abstract

    This paper investigates the effect of founders' professional-education background on the adoption of an open-science technology strategy, using a sample of 512 young biotechnology firms. After controlling for founders' prior work experience and other organizational and environmental factors, I find that firms with proportionally more Ph.D.-holding entrepreneurs on the founding team have a higher probability of adopting open science. In addition, founders' educational background can mitigate the constraint of organizational environments on strategy. A crowded technological niche provides a more challenging environment for firms to implement open science, due to higher scooping risks. The deterrent effect, however, of such a high-risk environment is smaller among firms founded by proportionally more Ph.D.-holding entrepreneurs. There is also some evidence of a stronger effect of founders' educational background on open science in an institutional environment in which open science has yet to become the industry norm. This finding is consistent with and complements the growing body of research that emphasizes the importance of entrepreneurial background in developing knowledge about new-venture strategy and structure. This paper was accepted by Olav Sorenson, organizations.

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    File URL: http://dx.doi.org/10.1287/mnsc.1100.1278
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    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 57 (2011)
    Issue (Month): 2 (February)
    Pages: 257-273

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    Handle: RePEc:inm:ormnsc:v:57:y:2011:i:2:p:257-273

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    Keywords: entrepreneurship; founder background; professional education; open science; diffusion of innovation; TMT;

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    Cited by:
    1. Ann-Kathrine Ejsing & Ulrich Kaiser & Hans Christian Kongsted & Keld Laursen, 2013. " The Role of University Scientist Mobility for Industrial Innovation," Working Papers 336, University of Zurich, Department of Business Administration (IBW).
    2. repec:wip:wpaper:6 is not listed on IDEAS
    3. Jong, Simcha & Slavova, Kremena, 2014. "When publications lead to products: The open science conundrum in new product development," Research Policy, Elsevier, vol. 43(4), pages 645-654.
    4. Simeth, Markus & Raffo, Julio D., 2013. "What makes companies pursue an Open Science strategy?," Research Policy, Elsevier, vol. 42(9), pages 1531-1543.

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