ERIC Number: EJ1119528
Record Type: Journal
Publication Date: 2016-Aug
Abstractor: As Provided
R&D Investment in New Technology-Based Firms: Strategic and Entrepreneurial Dynamics and the Impact of Universities
Lynskey, Michael J.
Industry and Higher Education, v30 n4 p278-291 Aug 2016
This article examines how two core factors--strategic and entrepreneurial dynamics--influence research and development (R&D) investment in new technology-based firms (NTBFs) using data from a questionnaire survey conducted in Japan. Among the strategic dynamics, it is found that joint R&D projects with universities have a positive, complementary effect on R&D investment. Moreover, among the entrepreneurial dynamics, a chief executive officer's higher education and prior industry experience in an R&D role (the latter implying at least a tertiary-level education in order to have acquired such experience) are positively related to R&D investment. These results indicate that the impact of universities on R&D expenditure in NTBFs occurs in strategic and entrepreneurial dynamics, and is expressed both directly and indirectly, with consequent implications for R&D capability and innovation.
Descriptors: Foreign Countries, Research and Development, Technological Advancement, Industry, Entrepreneurship, Universities, School Business Relationship, Investment, Administrators, Educational Background, Work Experience, Correlation, Expenditures, Economics, Hypothesis Testing, Financial Support, Planning, Age, Innovation, Questionnaires, Regression (Statistics)
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A
Identifiers - Location: Japan