Securing access to “lead markets” is generally regarded as a key driver for the increasing globalization of innovation since these are considered to be “early indicators” for emerging customer needs. Such markets, therefore, offer a good chance of uncertainty reduction for in the...

Nach Jahren des Überdenkens und der bloßen Optimierung unternehmensinterner Prozesse undStrukturen sowie der isolierten Anwendung diverser Ansätze wie „Lean Management“ und„Lean Production“ fällt der Fokus zunehmend auf innovatorische Kräfte innerhalb der Unternehmung,gerade weil...

Technological advancements, especially in Information and Communication Technologies (ICT)have enhanced greatly the competition spurred by the globalization of the world economies. Evensmall and medium-sized enterprises (SMEs) are no more immune to the challenges that theglobalization brings...

Innovations have acquired a key-role in the growth and competition strategies of firms today.They are regarded as an essential tool to stimulate growth and enable firms to master thecompetition brought about by the forces of globalization. In developed countries they arethought to provide a...

This paper deals with the trend of globalization of R&D and analyses the possible impacts on the management of transnational innovation processes.

Intellectual property rights are legal constraints that limit entry in industries where incumbentsare innovators. The set of legal constraints is the same for all industries, withoutconsidering that the externalities created by entry are not necessarily negative for the incumbentor that the...

This paper investigates how patent applications and grants held by new ventures improve their abilityto attract venture capital (VC) financing. We argue that investors are faced with considerable uncertaintyand therefore rely on patents as signals when trying to assess the prospects of potential...

This paper examines the determinants of young innovative companies’ (YICs) R&D activitiestaking into account the autoregressive nature of innovation. Using a large longitudinal datasetcomprising Spanish manufacturing firms over the period 1990-2008, we find that previousR&D experience is a...

This paper discusses an increasingly important, yet challenging development, the international coordination of nationally rooted policies or funding schemes to support international collaboration in science and technology (S&T). It conceptualizes ways in which government ministries or agencies...

It is shown that spillovers can enhance private returns to innovation if they feedback into the dynamic research of the original inventor (Internalized spillovers), butwill always reduce private returns, if the original inventor does not benefit fromthe advancements other inventors build into...