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Technological leadership and persistence in product innovation in the Local Area Network industry 1990–1999

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  • Fontana, Roberto
  • Vezzulli, Andrea

Abstract

We study how technological leadership affects persistence in product innovation. Relying upon a database of 1818 products marketed between 1990 and 1999 by 265 firms active in three markets of the Local Area Network (LAN) industry we first construct a measure of technological leadership and then relate this measure to persistence in innovation. We find that controlling for size, R&D intensity, intangible assets, and market structure, technological leaders are more persistent innovators than laggards. We also find that leaders in one market can also systematically innovate in a related and adjacent market.

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  • Fontana, Roberto & Vezzulli, Andrea, 2016. "Technological leadership and persistence in product innovation in the Local Area Network industry 1990–1999," Research Policy, Elsevier, vol. 45(8), pages 1604-1619.
    • Handle: RePEc:eee:respol:v:45:y:2016:i:8:p:1604-1619
    DOI: 10.1016/j.respol.2016.04.002
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    3. Mañez, J.A. & Love, J.H., 2020. "Quantifying sunk costs and learning effects in R&D persistence," Research Policy, Elsevier, vol. 49(7).

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