File(s) not publicly available
The impact of old technologies on innovation: the case of the US biotechnology industry
journal contribution
posted on 2023-06-08, 11:25 authored by Antonio Messeni Petruzzelli, Daniele RotoloDaniele Rotolo, Vito AlbinoThis paper investigates the implications of a technology sourcing strategy maintaining a focus on the rediscovery of old technologies. Specifically, we study the different impact exerted by old technological solutions, distinguished on the basis of their organisational and industrial origins, on the innovation value. We develop a set of hypotheses about the impact exerted by four distinct types of old technological solutions (firm core technological heritage, firm lateral technological heritage, competitors’ technological heritage and others’ technological heritage) and test them on a sample of 1189 biotechnology patents registered at the US Patent and Trademark Office from 1979 to 2002. Results strongly support our hypotheses, revealing that: (1) using both firm core technological heritage and others’ technological heritage has an inverted U-shaped effect on innovation value; (2) employing firm lateral technological heritage is positively related to innovation value; (3) a negative relationship occurs between competitors’ core technological heritage and the value of subsequent innovations.
History
Publication status
- Published
Journal
Technology Analysis and Strategic ManagementISSN
0953-7325Publisher
Taylor & FrancisExternal DOI
Issue
5Volume
24Page range
453-466Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes