The impact of convergence between science and technology on innovation

Chul Lee (), Gunno Park () and Jina Kang ()
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Chul Lee: Seoul National University
Gunno Park: Samsung SDS
Jina Kang: Seoul National University

The Journal of Technology Transfer, 2018, vol. 43, issue 2, No 12, 522-544

Abstract: Abstract This study investigates the effects of convergence of science and technology on innovation impact, specifically how convergence helps R&D organizations to apply scientific knowledge to their R&D activities. In addition to direct effects of convergence, we address the moderating effects of scientific capacity, knowledge spillover, and knowledge maturity from the knowledge side. The empirical analysis, which employs a zero inflated negative binomial regression model uses data on 2074 patents granted to US organizations from the pharmaceutical industry. The results show that an increase in the proportion of scientific knowledge in convergence has a positive and curvilinear relationship with innovation impact. Also, we find that the organization’s scientific capacity, regional scientific knowledge spillover, and knowledge maturity positively moderate the relationship between convergence and innovation impact. Our findings underline the importance of convergence between science and technology as well as provide implications on how to improve the outcome of an organization’s research and development process.

Keywords: Convergence; Knowledge; Science; Technology; R&D; Innovation (search for similar items in EconPapers)
JEL-codes: O31 O32 O38 O39 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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DOI: 10.1007/s10961-016-9480-9

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