This paper explores the links between open innovation and the emergence of a phoenix industry - the low carbon vehicles sector - in the UK's traditional automotive heartland, focusing on the West Midlands region. It highlights three major factors in driving the development of this ‘phoenix'...

This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...

This paper aims to understand what motivates the adoption of key renewable energy technologies (RET) in early adopter markets. Electrification of heat and transport, through the deployment of heat pumps, electric vehicles and solar photovoltaic panels, combined with renewable sources of...

The use of cryptocurrencies offers attractive business opportunities, in the context of financial services, smart contracts and token-based business models. The objective of this study is to provide a value-based understanding of what drives people to use cryptocurrencies for value exchange....

Scholars widely acknowledge that university research is critical to innovation and entrepreneurship. Much of the literature on university research, however, evokes a linear model from “science to products” and focuses, therefore, upon a limited set of indicators such as patents and licenses....

Since the global financial crisis of 2008, there has been increasing attention on the impact of financial innovation (FI) on the financial services industry. Despite wide consensus on the benefits of innovation to the real economy, the crisis made FI a focus of re-evaluation and...

Autonomous systems have been a key segment of disruptive technologies for which data are constantly collected, processed, and shared to enable their operations. The internet of things facilitates the storage and transmission of data and data sharing is vital to power their development. However,...

This paper studies the asset pricing implications of technology spillover, an important externality in innovation. While technology spillover enables firms to produce a variety of products that better satisfy their customers' love for variety, such benefits are procyclical, and investors...

The article attempts to show the role of the patent system in the internationalization of diffusion of technical knowledge. Its purpose is to analyse, use of international technical knowledge made available through patent systems, by Polish companies that are inventively active. For its...

In this paper, we empirically investigate the dynamics of the marginal propensity to pirate for computer software. We introduce a state space formulation that allows us to estimate error structures and parameter significance, in contrast to previous work. For data from 1987-92, we find a rising...