Entrepreneurial Spin-Outs and Vanishing Technological Trajectory: Laser Diodes in the U.S. and Japan

Hiroshi Shimizu and Naohiko Wakutsu

No 13-21, IIR Working Paper from Institute of Innovation Research, Hitotsubashi University

Abstract: By exploring the patterns of laser-diode technological development in the U.S. and Japan and theoretically examining market conditions and institutions that promote entrepreneurial spin-outs from a parental company, this study reveals how the existence and absence of entrepreneurial spin-out influence the ways in which technological trajectories emerge. It shows that vibrant entrepreneurial spin-out could hinder technological development, since the cumulative effects of incremental innovations on the technological trajectories could vanish if many firms spun out to target untapped sub-markets.

Keywords: Innovation; Entrepreneurial Spin-Outs; Technological Trajectory; R&D Competition; Sub-markets; General Purpose Technology (search for similar items in EconPapers)
Pages: 30 pages
Date: 2014-01
New Economics Papers: this item is included in nep-cse, nep-ent, nep-ino, nep-sbm and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:hit:iirwps:13-21

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