Title:
Highly innovative small firms in the markets for technology
Highly innovative small firms in the markets for technology
Files
Author(s)
Hicks, Diana
Hegde, Deepak
Hegde, Deepak
Advisor(s)
Editor(s)
Collections
Supplementary to
Permanent Link
Abstract
Long-lived small firms with a substantial, public record of innovative success are the focus of this paper. We label such firms "serial innovators" and argue that they are often specialist suppliers in markets for technology. To survive as specialist suppliers, firms must produce technology that is broadly tradable. Using Arora, Fosfuri and Gambardella's markets-for-technology framework, we hypothesize that such technology has certain characteristics. It is: high quality, general purpose, broadly based, quite basic, and concentrated in newer generations of technology. We find that serial innovators, survivors among the specialist technology suppliers, have mastered innovating in technology with these characteristics. This helps explain why these firms have become serious players in these markets—at least for a few years until a new generation of technology emerges.
Sponsor
Date Issued
2005
Extent
Resource Type
Text
Resource Subtype
Working Paper