Spin-Outs and Patterns of Subsequent Innovation: Technological Development of Laser Diodes in the US and Japan

Hiroshi Shimizu, 洋 清水 and Naohiko Wakutsu

No 17-14, IIR Working Paper from Institute of Innovation Research, Hitotsubashi University

Abstract: By exploring the technological development of laser diodes in the US and Japan, this study examines how the existence or absence of an entrepreneurial strategic choice for spin-outs influences patterns of subsequent technological development. The results show that spin-outs could hinder the subsequent development of existing technology when that technology is still at a nascent level, because the cumulative effects of technological development could disappear if research and development personnel left their parent firms in order to target different sub-markets.

Keywords: innovation; R&D competition; technological trajectory; spin-out; sub-market; laser diode (search for similar items in EconPapers)
JEL-codes: L63 M13 O31 O32 O33 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2017-08
New Economics Papers: this item is included in nep-ent
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