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• W2547875072 abstract "A creative idea or an invention per se is not associated with a real advantage, while follow-on patenting or product development activities are. Drawing on the real options reasoning, this paper aims to explore the nature of R&D investment decisions that drive a firm to deepen its foothold in a new technological area. Using Cox regression model upon the patent data of top bearing companies worldwide over the period 1990-2004, we identified the influences of technology-, firm- and market-related constructs, namely, age of knowledge searched, accumulated knowledge stock, and competitive effects, on the focal firm's follow-on patenting behavior. Our results highlight the critical role of organizational learning patterns in determining the incidence of innovation persistence, and suggest the context-dependent nature of such technological deepening behaviors. The empirical findings shed light on R&D investment strategies when firms are subject to the uncertainty of technological environments." @default.
• W2547875072 created "2016-11-11" @default.
• W2547875072 creator A5028218810 @default.
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• W2547875072 date "2007-07-01" @default.
• W2547875072 modified "2023-09-27" @default.
• W2547875072 title "Exploring the determinants of technological follow-on in new technological areas" @default.
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• W2547875072 doi "https://doi.org/10.1109/iemc.2007.5235028" @default.
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