Technological leadership and persistence in product innovation in the Local Area Network industry 1990–1999

Roberto Fontana and Andrea Vezzulli ()

Research Policy, 2016, vol. 45, issue 8, 1604-1619

Abstract: We study how technological leadership affects persistence in product innovation. Relying upon a database of 1818 products marketed between 1990 and 1999 by 265 firms active in three markets of the Local Area Network (LAN) industry we first construct a measure of technological leadership and then relate this measure to persistence in innovation. We find that controlling for size, R&D intensity, intangible assets, and market structure, technological leaders are more persistent innovators than laggards. We also find that leaders in one market can also systematically innovate in a related and adjacent market.

Keywords: Product innovation; Persistence; Technological leadership (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:45:y:2016:i:8:p:1604-1619

DOI: 10.1016/j.respol.2016.04.002

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