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Entrepreneurial Spin-Outs and Vanishing Technological Trajectory: Laser Diodes in the U.S. and Japan

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  • Shimizu, Hiroshi
  • Wakutsu, Naohiko

Abstract

By exploring the patterns of laser-diode technological development in the U.S. and Japan and theoretically examining market conditions and institutions that promote entrepreneurial spin-outs from a parental company, this study reveals how the existence and absence of entrepreneurial spin-out influence the ways in which technological trajectories emerge. It shows that vibrant entrepreneurial spin-out could hinder technological development, since the cumulative effects of incremental innovations on the technological trajectories could vanish if many firms spun out to target untapped sub-markets.

Suggested Citation

  • Shimizu, Hiroshi & Wakutsu, Naohiko, 2014. "Entrepreneurial Spin-Outs and Vanishing Technological Trajectory: Laser Diodes in the U.S. and Japan," IIR Working Paper 13-21, Institute of Innovation Research, Hitotsubashi University.
  • Handle: RePEc:hit:iirwps:13-21
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    File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/26112/1/070iirWP13_21.pdf
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    References listed on IDEAS

    as
    1. Hiroshi Shimizu, 2011. "SCIENTIFIC BREAKTHROUGHS AND NETWORKS IN THE CASE OF SEMICONDUCTOR LASER TECHNOLOGY IN THE US AND JAPAN, 1960s–2000s," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 51(1), pages 71-96, March.
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    3. Guido Buenstorf & Steven Klepper, 2010. "Submarket dynamics and innovation: the case of the US tire industry," Industrial and Corporate Change, Oxford University Press, vol. 19(5), pages 1563-1587, October.
    4. Allen,Robert C., 2009. "The British Industrial Revolution in Global Perspective," Cambridge Books, Cambridge University Press, number 9780521868273, March.
    5. Klepper, Steven & Thompson, Peter, 2010. "Disagreements and intra-industry spinoffs," International Journal of Industrial Organization, Elsevier, vol. 28(5), pages 526-538, September.
    6. Anderson, Simon P. & Engers, Maxim, 2007. "Participation games: Market entry, coordination, and the beautiful blonde," Journal of Economic Behavior & Organization, Elsevier, vol. 63(1), pages 120-137, May.
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    8. Rosenberg, Nathan & Steinmueller, W Edward, 1988. "Why Are Americans Such Poor Imitators?," American Economic Review, American Economic Association, vol. 78(2), pages 229-234, May.
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    12. Dosi, Giovanni, 1993. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 22(2), pages 102-103, April.
    13. Hiroshi Shimizu, 2010. "Different evolutionary paths: Technological development of laser diodes in the US and Japan, 1960-2000," Business History, Taylor & Francis Journals, vol. 52(7), pages 1151-1181.
    14. Peter Thompson & Jing Chen, 2011. "Disagreements, employee spinoffs and the choice of technology," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(3), pages 455-474, July.
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    Keywords

    Innovation; Entrepreneurial Spin-Outs; Technological Trajectory; R&D Competition; Sub-markets; General Purpose Technology;

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