Matches in SemOpenAlex for { <https://semopenalex.org/work/W1584215518> ?p ?o ?g. }
- W1584215518 abstract "We study the relationship between decentralization of R&D, innovation and firm performance using a novel dataset on the organizational structure of 1,290 American publicly-listed corporations, 2,615 of their affiliate firms, as well as characteristics of 594,903 patents that they hold. We explore the tension between centralization and decentralization of R&D, which trades off between responsiveness to immediate and local business needs and the type of research that can benefit the firm as a whole. To do this, we develop two novel measures of decentralization. First, using intra-firm patent assignments, we distinguish between patents that are assigned to the inventing unit rather than to corporate headquarters. Second, we exploit the variation between firms which posses a central corporate R&D labs and those that do not. We find that centralized R&D tends be more scientific, broader in scope, and have more technical impact, while being more likely in firms that operate within a narrower range of businesses, in complex technologies, or that are less reliant upon acquisitions. Additionally, we find that firms with a more decentralized structure, on average, invest less in R&D, generate fewer patents per R&D, and exhibit greater sales growth and higher market value. We discuss several theories that can explain these relationships, as well as potential avenues for future research." @default.
- W1584215518 created "2016-06-24" @default.
- W1584215518 creator A5030433776 @default.
- W1584215518 creator A5035514814 @default.
- W1584215518 creator A5056497996 @default.
- W1584215518 date "2011-05-01" @default.
- W1584215518 modified "2023-10-16" @default.
- W1584215518 title "The Organization of R&D in American Corporations: The Determinants and Consequences of Decentralization" @default.
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- W1584215518 doi "https://doi.org/10.3386/w17013" @default.
- W1584215518 hasPublicationYear "2011" @default.
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