Principal Investigators and R&D Failure

Probability of Innovation Failure in Small Business
Erscheinungsjahr 2024
ISBN: 978-3-031-43610-9
Verlag: Springer

Buch, Englisch, 122 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 219 g

Reihe: Academic Entrepreneurship, Scientists, and Scientific Careers

Failure in R&D efforts are fairly common and with many factors that contribute to the outcome. This book focuses on the role of principal investigators (PIs) in R&D project failures and provides a theoretical model explaining how firm characteristics, including those of the PIs, impact the probability of failure. The theoretical model also serves as a structural form model to motivate the empirical analysis which assesses the probability of failure in small technology-based firms. The author uses data from the U.S. Department of Energy’s (DOE) Small Business Innovation Research (SBIR) program to build a new and informative tool to assess R&D projects and demonstrate the strengths of the theoretical model. The association between PIs and R&D failure not only provides insights that can have a downstream impact to economic growth, but it can also provide policymakers with valuable information to aid decisions in allocating funds for R&D.

Zielgruppe

Research

Autoren/Hrsg.

Boyce, Morgan

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Betriebswirtschaft Management Forschung & Entwicklung (F&E), Innovation
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Kultur-, Wissenschafts- & Technologiepolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Industrie- und Technologiepolitik

Inhaltsverzeichnis

Introduction.- R&D Project Failure and Principal Investigators.- Part I: Contextual Setting.- Publicly Funded Collaborative R&D: The Case of the US Department of Energy.- Legislative History of The SBIR Program.- A Theoretical Model of R&D Project Success or Failure.- Department of Energy and SBIR Data.- Collaborative R&D Firm and Project Characteristics: Empirical Insights.- Principal Investigators Experience in Collaborative R&D: Empirical Findings.- Part II; Reflections And Future Perspectives.- PIs and R&D Project Failure: Reflections and Future Research Avenues.

Über Autor(innen)

Morgan Boyce is an adjunct faculty member in the Economics Department at the Belk College of Business, University of North Carolina at Charlotte (USA). Dr. Boyce has worked in the financial services industry for 15 years and held positions related to economic research and modeling, risk management, data science, and analytics. In addition to his work in the finance industry, his research interests are in innovation economics and entrepreneurship with a focus on factors associated with the success or failure of small entrepreneurial firms.