Technological diversification within UK’s small serial innovators

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Technological diversification within UK’s small serial innovators. / Corradini, Carlo; Demirel, Pelin; Battisti, Giuliana.

In: Small Business Economics, Vol. 47, No. 1, 06.2016, p. 163-177.

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Corradini, Carlo ; Demirel, Pelin ; Battisti, Giuliana. / Technological diversification within UK’s small serial innovators. In: Small Business Economics. 2016 ; Vol. 47, No. 1. pp. 163-177.

Bibtex

@article{7537b2063a9543509a5cf6ca15b2a03e,
title = "Technological diversification within UK{\textquoteright}s small serial innovators",
abstract = "This paper investigates the determinants of technological diversification among UK{\textquoteright}s small serial innovators (SSIs). Using a longitudinal study of 339 UK-based small businesses accounting for almost 7000 patents between 1990 and 2006, this study constitutes the first empirical examination of technological diversification among SMEs in the literature. Results demonstrate that technological diversification is not solely a large firm activity, challenging the dominant view that innovative SMEs are extremely focused and specialised players with little technological diversification. Our findings suggest a nonlinear (i.e. inverse-U-shaped) relationship between the level of technological opportunities in the environment and the SSIs{\textquoteright} degree of technological diversification. This points to a trade-off between processes of exploration and exploitation across increasingly volatile technology regimes. The paper also demonstrates that small firms with impactful innovations focus their innovative activity around similar technological capabilities while firms that have introduced platform technologies in the past are more likely to engage in technological diversification.",
keywords = "diversification, small serial innovators, SME, technological opportunity, relatedness, fractional response model",
author = "Carlo Corradini and Pelin Demirel and Giuliana Battisti",
year = "2016",
month = jun,
doi = "10.1007/s11187-015-9698-1",
language = "English",
volume = "47",
pages = "163--177",
journal = "Small Business Economics",
issn = "0921-898X",
publisher = "Springer Vieweg",
number = "1",

}

RIS

TY - JOUR

T1 - Technological diversification within UK’s small serial innovators

AU - Corradini, Carlo

AU - Demirel, Pelin

AU - Battisti, Giuliana

PY - 2016/6

Y1 - 2016/6

N2 - This paper investigates the determinants of technological diversification among UK’s small serial innovators (SSIs). Using a longitudinal study of 339 UK-based small businesses accounting for almost 7000 patents between 1990 and 2006, this study constitutes the first empirical examination of technological diversification among SMEs in the literature. Results demonstrate that technological diversification is not solely a large firm activity, challenging the dominant view that innovative SMEs are extremely focused and specialised players with little technological diversification. Our findings suggest a nonlinear (i.e. inverse-U-shaped) relationship between the level of technological opportunities in the environment and the SSIs’ degree of technological diversification. This points to a trade-off between processes of exploration and exploitation across increasingly volatile technology regimes. The paper also demonstrates that small firms with impactful innovations focus their innovative activity around similar technological capabilities while firms that have introduced platform technologies in the past are more likely to engage in technological diversification.

AB - This paper investigates the determinants of technological diversification among UK’s small serial innovators (SSIs). Using a longitudinal study of 339 UK-based small businesses accounting for almost 7000 patents between 1990 and 2006, this study constitutes the first empirical examination of technological diversification among SMEs in the literature. Results demonstrate that technological diversification is not solely a large firm activity, challenging the dominant view that innovative SMEs are extremely focused and specialised players with little technological diversification. Our findings suggest a nonlinear (i.e. inverse-U-shaped) relationship between the level of technological opportunities in the environment and the SSIs’ degree of technological diversification. This points to a trade-off between processes of exploration and exploitation across increasingly volatile technology regimes. The paper also demonstrates that small firms with impactful innovations focus their innovative activity around similar technological capabilities while firms that have introduced platform technologies in the past are more likely to engage in technological diversification.

KW - diversification

KW - small serial innovators

KW - SME

KW - technological opportunity

KW - relatedness

KW - fractional response model

U2 - 10.1007/s11187-015-9698-1

DO - 10.1007/s11187-015-9698-1

M3 - Article

VL - 47

SP - 163

EP - 177

JO - Small Business Economics

JF - Small Business Economics

SN - 0921-898X

IS - 1

ER -