Opportunity knocks

Astebro, Thomas B. and Dahlin, Kristina Opportunity knocks. Research Policy, 34 (9). pp. 1404-1418.

Abstract

Research on technological opportunity has typically focused on the impact of broad industry characteristics on R&D intensity of firms. This study complements such approaches by examining the impact of a multidimensional vector that measures technological opportunity on independent inventors' decisions to patent and commercialize inventions. Using data from 559 inventions and controlling for demand, appropriability, and competitive conditions, we found two of four tested dimensions of technological opportunity - technical performance and technical uncertainty - to be significant and important determinants of the likelihood of commercialization. Technical feasibility appears important in affecting patenting but unimportant in affecting commercialization. Technical significance carries a negative, although insignificant, sign conditioning commercialization.

Item Type: Article
Keywords: Strategy & innovation, Technological opportunity, Inventors, Invention, Commercialisation
Subject(s): Strategy
Date Deposited: 26 Sep 2017 13:32
Last Modified: 26 Sep 2017 13:32
Funders: N/A
URI: http://eureka.sbs.ox.ac.uk/id/eprint/6551

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