This paper analyses the determinants of technological diversification for small innovative companies. Using patent data from the PATSTAT database for the period between 1990 and 2006, we explore technological diversification through a panel data set comprising 811 UK based serial innovators...

This paper contains a model of waste elimination through design. It argues for the importance of managing design complexity in improving cost, quality, variety, and time-to-market performance variables. Management of design complexity is identified with creation, choice, and application of...

Researchers have used patent counts, citation weighted patent counts, as well as research and development spending to measure innovation with, at times, conflicting results. We benchmark the validity of these innovation proxies using a novel data set of appraised tangible and intangible assets....

This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of the patent grant date, and productive efficiency...

Analysis of innovation has been fundamentally limited by conventional approaches to broad, structural variables. This paper pushes the boundaries, taking an LLM approach to patent analysis with the groundbreaking ChatGPT technology. OpenAI’s state-of-the-art textual model accesses complex...

The paper analyses productivity driven by product-innovation duration, business (organizational and marketing) innovation, and intangible-work biased technological change (IBTC) using a full register-based employer-employee dataset of Finnish firms for the period 2000–2018 linked to Community...

Suppliers play a major role in downstream firms' innovation processes. We analyze ownership allocations and the choice of technology in vertical research and development (R&D) cooperations. Given that R&D outcomes are not contractible, there is a trade-off between R&D specifically designed...