The DOI matches its Crossref record; 36 of the 36 references it cites were found in a registry or an index.
Incremental vs. Breakthrough Innovation: The Role of Technology Spillovers
Abstract
We show that technology spillovers shift the composition of corporate research and development by promoting innovation based on the exploitation of existing knowledge while disincentivizing innovation that explores new areas and breaks new ground. Accordingly, firms facing large technology spillovers attain fewer superstar inventors among their human capital, who are important drivers of breakthrough technology advancement. These findings complement the existing studies documenting the positive effect of technology spillovers in increasing firms’ overall innovation outputs; they highlight potential downsides of technology spillovers in reducing firm investment in technology breakthrough and valuable human capital. This paper was accepted by Gustavo Manso, finance.
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Cites
Exploration and Exploitation in Organizational Learning
March, J. G. (1991) · Organization Science · doi:10.1287/orsc.2.1.71 · Cited by 21,942
Levinthal, D. A., & March, J. G. (1993) · Strategic Management Journal · doi:10.1002/smj.4250141009 · Cited by 7,283
Technological Innovation, Resource Allocation, and Growth*
Kogan, L., Papanikolaou, D., Seru, A., & Stoffman, N. (2017) · The Quarterly Journal of Economics · doi:10.1093/qje/qjw040 · Cited by 2,430
MANSO, G. (2011) · The Journal of Finance · doi:10.1111/j.1540-6261.2011.01688.x · Cited by 1,955
Innovation and Institutional Ownership
Aghion, P., Van Reenen, J., & Zingales, L. (2013) · American Economic Review · doi:10.1257/aer.103.1.277 · Cited by 1,938
Aging, Obsolescence, and Organizational Innovation
Sørensen, J. B., & Stuart, T. E. (2000) · Administrative Science Quarterly · doi:10.2307/2666980 · Cited by 1,862
Are Overconfident CEOs Better Innovators?
HIRSHLEIFER, D., LOW, A., & TEOH, S. H. (2012) · The Journal of Finance · doi:10.1111/j.1540-6261.2012.01753.x · Cited by 1,765
Identifying Technology Spillovers and Product Market Rivalry
(2013) · Econometrica · doi:10.3982/ecta9466 · Cited by 1,758
Financial development and innovation: Cross-country evidence
Hsu, P.-H., Tian, X., & Xu, Y. (2014) · Journal of Financial Economics · doi:10.1016/j.jfineco.2013.12.002 · Cited by 1,702
The dark side of analyst coverage: The case of innovation
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Metadata
- Authors
- Byun, S. K., Oh, J.-M., & Xia, H.
- Venue
- Management Science
- Published
- 2021-03
- Volume
- 67
- Issue
- 3
- Pages
- 1779-1802
- ISSN
- 0025-1909 (ISSN-L)
- 1526-5501
- OpenAlex
- W2769517445
- Cited by
- 264
- References
- 36
- FWCI
- 9.82
- Type
- journal article
- Language
- en
- Open access
- closed
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