IDEAS home Printed from https://ideas.repec.org/p/ris/uncgec/2022_002.html

Knowledge-Based Information and the Effectiveness of R&D in Small Firms

Author

Listed:
  • Joshua Fletcher

    (RTI International)

  • Eric Howard

    (University of North Carolina at Greensboro, Department of Economics)

  • Albert Link

    (University of North Carolina at Greensboro, Department of Economics)

  • Alan O'Connor

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

This paper explores the impact that external sources of information have on the effectiveness of R&D in small, entrepreneurial firms. The effectiveness of R&D is measured in terms of two probabilities; the probability that a firm that received and completed a Phase I SBIR-funded research project is invited to submit a proposal for a Phase II award, and given such an invitation, the probability that a firm receives the Phase II award. Information from competitors is an important, in a statistical sense, covariate with the probability of being asked to submit a Phase II proposal whereas information from suppliers and customers in an important covariate with the probability of receiving a Phase II award.

Suggested Citation

  • Joshua Fletcher & Eric Howard & Albert Link & Alan O'Connor, 2022. "Knowledge-Based Information and the Effectiveness of R&D in Small Firms," UNCG Economics Working Papers 22-2, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2022_002
    as

    Download full text from publisher

    File URL: https://bryan.uncg.edu/wp-content/uploads/2018/02/22-02_Knowledge-Based-Information-and-Effective-RD.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Cristiano Antonelli & Claudio Fassio, 2014. "The heterogeneity of knowledge and the academic mode of knowledge governance: Italian evidence in the first part of the 20th century," Science and Public Policy, Oxford University Press, vol. 41(1), pages 15-28.
    2. Hall, Bronwyn H. & Mairesse, Jacques & Mohnen, Pierre, 2010. "Measuring the Returns to R&D," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1033-1082, Elsevier.
    3. Lerner, Josh & Stern, Scott (ed.), 2012. "The Rate and Direction of Inventive Activity Revisited," National Bureau of Economic Research Books, University of Chicago Press, number 9780226473031, June.
    4. Irving Siegel, 1962. "Scientific Discovery and the Rate of Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 441-458, National Bureau of Economic Research, Inc.
    5. David Bruce Audretsch & Maksim Belitski & Rosa Caiazza, 2021. "Start-ups, Innovation and Knowledge Spillovers," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1995-2016, December.
    6. James A. Cunningham & Albert N. Link, 2022. "The Returns to Publicly Funded R&D: A Study of U.S. Federally Funded Research and Development Centers," Annals of Science and Technology Policy, now publishers, vol. 6(3), pages 228-314, March.
    7. Andrew Atkeson & Ariel T. Burstein & Manolis Chatzikonstantinou, 2019. "Transitional Dynamics in Aggregate Models of Innovative Investment," Annual Review of Economics, Annual Reviews, vol. 11(1), pages 273-301, August.
    8. Dennis Leyden & Albert Link, 2015. "Toward a theory of the entrepreneurial process," Small Business Economics, Springer, vol. 44(3), pages 475-484, March.
    9. Josh Lerner & Scott Stern, 2012. "The Rate and Direction of Inventive Activity Revisited," NBER Books, National Bureau of Economic Research, Inc, number lern11-1, February.
    10. Schultz, Theodore W, 1975. "The Value of the Ability to Deal with Disequilibria," Journal of Economic Literature, American Economic Association, vol. 13(3), pages 827-846, September.
    11. Editors The, 2007. "From the Editors," Basic Income Studies, De Gruyter, vol. 2(1), pages 1-5, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rajeev K. Goel, 2023. "Seek foreign funds or technology? Relative impacts of different spillover modes on innovation," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1466-1488, August.
    2. Radzivon Marozau & Hanna Aginskaja & Maribel Guerrero, 2024. "ICT-related dynamic capabilities and SMEs’ performance: An analysis during the economic stagnation in Belarus," The Journal of Technology Transfer, Springer, vol. 49(5), pages 1696-1718, October.
    3. Albert N. Link & Christopher A. Swann, 2024. "SBIR mills and the U.S. Department of Defense," The Journal of Technology Transfer, Springer, vol. 49(6), pages 2306-2335, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Teece, David J., 2018. "Profiting from innovation in the digital economy: Enabling technologies, standards, and licensing models in the wireless world," Research Policy, Elsevier, vol. 47(8), pages 1367-1387.
    2. Jason M. Rathje & Riitta Katila, 2021. "Enabling Technologies and the Role of Private Firms: A Machine Learning Matching Analysis," Strategy Science, INFORMS, vol. 6(1), pages 5-21, March.
    3. Wright, Nataliya Langburd & Nagle, Frank & Greenstein, Shane, 2023. "Open source software and global entrepreneurship," Research Policy, Elsevier, vol. 52(9).
    4. Han, Nianchen & Zhang, Yuchen & Tong, Tony W., 2024. "Appropriability risk and knowledge search on digital platforms," Research Policy, Elsevier, vol. 53(7).
    5. Audretsch, David B. & Belitski, Maksim, 2024. "Knowledge collaboration, firm productivity and innovation: A critical assessment," Journal of Business Research, Elsevier, vol. 172(C).
    6. de Walque, Damien, 2007. "How does the impact of an HIV/AIDS information campaign vary with educational attainment? Evidence from rural Uganda," Journal of Development Economics, Elsevier, vol. 84(2), pages 686-714, November.
    7. Feng, Yao, 2011. "Local spillovers and learning from neighbors: Evidence from durable adoptions in rural China," MPRA Paper 33924, University Library of Munich, Germany.
    8. Laurent, Catherine E. & Berriet-Solliec, Marielle & Kirsch, Marc & Labarthe, Pierre & Trouve, Aurelie, 2010. "Multifunctionality Of Agriculture, Public Policies And Scientific Evidences: Some Critical Issues Of Contemporary Controversies," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 4(01-2), pages 1-6.
    9. Chiswick, Carmel U., 2003. "Immigrant Religious Adjustment: An Economic Approach to Jewish Migrations," IZA Discussion Papers 863, IZA Network @ LISER.
    10. Ioannis Giotopoulos & Alexander S. Kritikos & Aggelos Tsakanikas, 2023. "A lasting crisis affects R&D decisions of smaller firms: the Greek experience," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1161-1175, August.
    11. Jürgen Janger & Michael Böheim & Martin Falk & Rahel Falk & Werner Hölzl & Daniela Kletzan-Slamanig & Michael Peneder & Andreas Reinstaller & Fabian Unterlass & Gunther Tichy, 2010. "Research and Innovation Policy after the Crisis," Austrian Economic Quarterly, WIFO, vol. 15(4), pages 321-335, December.
    12. Michael J. Andrews, 2020. "Local Effects of Land Grant Colleges on Agricultural Innovation and Output," NBER Chapters, in: Economics of Research and Innovation in Agriculture, pages 139-175, National Bureau of Economic Research, Inc.
    13. Adilson Carlos Yoshikuni & José Eduardo Ricciardi Favaretto & Alberto Luiz Albertin & Fernando de Souza Meirelles, 2022. "How can Strategy-as-Practice Enable Innovation under the Influence of Environmental Dynamism?," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 26(1), pages 200131-2001.
    14. Paola Gatti & Chiara Ghislieri & Claudio G Cortese, 2017. "Relationships between followers’ behaviors and job satisfaction in a sample of nurses," PLOS ONE, Public Library of Science, vol. 12(10), pages 1-16, October.
    15. Antonelli, Cristiano, 2017. "Digital knowledge generation and the appropriability trade-off," Telecommunications Policy, Elsevier, vol. 41(10), pages 991-1002.
    16. repec:spo:wpmain:info:hdl:2441/eu4vqp9ompqllr09hi4ijb1r1 is not listed on IDEAS
    17. Jere R. Behrman & John Hoddinott & John A. Maluccio, & Erica Soler-Hampejsek & Emily L. Behrman & Reynaldo Martorell & Manuel Ramirez-Zea & Aryeh D. Stein, 2006. "What Determines Adult Cognitive Skills? Impacts of Pre-Schooling, Schooling and Post-Schooling Experiences in Guatemala," PIER Working Paper Archive 06-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    18. Andrés Barge-Gil & Alberto López, 2015. "R versus D: estimating the differentiated effect of research and development on innovation results," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 24(1), pages 93-129.
    19. Nay, Myo Aung, 2011. "Agricultural efficiency of rice farmers in Myanmar : a case study in selected areas," IDE Discussion Papers 306, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    20. Wallace E. Huffman & Matthew Rousu & Jason F. Shogren & Abebayehu Tegene, 2004. "Who Do Consumers Trust for Information: The Case of Genetically Modified Foods?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(5), pages 1222-1229.
    21. Sander Wennekers & Roy Thurik & André Stel & Niels Noorderhaven, 2010. "Uncertainty Avoidance and the Rate of Business Ownership Across 21 OECD Countries, 1976–2004," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 271-299, Springer.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • 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
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:uncgec:2022_002. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Albert Link (email available below). General contact details of provider: https://edirc.repec.org/data/edncgus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.