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Spin-Outs and Patterns of Subsequent Innovation: Technological Development of Laser Diodes in the US and Japan

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  • SHIMIZU, Hiroshi
  • 清水, 洋
  • WAKUTSU, Naohiko

Abstract

By exploring the technological development of laser diodes in the US and Japan, this study examines how the existence or absence of an entrepreneurial strategic choice for spin-outs influences patterns of subsequent technological development. The results show that spin-outs could hinder the subsequent development of existing technology when that technology is still at a nascent level, because the cumulative effects of technological development could disappear if research and development personnel left their parent firms in order to target different sub-markets.

Suggested Citation

  • SHIMIZU, Hiroshi & 清水, 洋 & WAKUTSU, Naohiko, 2017. "Spin-Outs and Patterns of Subsequent Innovation: Technological Development of Laser Diodes in the US and Japan," IIR Working Paper 17-14, Institute of Innovation Research, Hitotsubashi University.
    • Handle: RePEc:hit:iirwps:17-14
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    innovation; R&D competition; technological trajectory; spin-out; sub-market; laser diode;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

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