Technology Regimes and New Firm Formation

Scott Shane ()
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Scott Shane: R.H. Smith School of Business, University of Maryland, College Park, Maryland 20742

Management Science, 2001, vol. 47, issue 9, 1173-1190

Abstract: At least since Schumpeter (1934 and 1942), researchers have been interested in identifying the dimensions of technology regimes that facilitate new firm formation as a mode of technology exploitation. Using data on 1,397 patents assigned to the Massachusetts Institute of Technology during the 1980-1996 period, I show that four hypothesized dimensions of the technology regime---the age of the technical field, the tendency of the market toward segmentation, the effectiveness of patents, and the importance of complementary assets in marketing and distribution---influence the likelihood that new technology will be exploited through firm formation.

Keywords: Entrepreneurship; Technology Regimes; Patents (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (96)

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