WHY DO KNOWLEDGE-INTENSIVE ENTREPRENEURIAL FIRMS PUBLISH THEIR INNOVATIVE IDEAS?

Based on a national survey of publicly funded research projects at entrepreneurial firms, nearly 50% of the funded projects lead to publications relating to underlying research, an effect more pronounced among university-affiliated firms. The fact that knowledge-intensive entrepreneurial firms publi...

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Bibliographic Details
Published in:Academy of Management perspectives 2018-02, Vol.32 (1), p.141-155
Main Authors: HAYTER, CHRISTOPHER S., LINK, ALBERT N.
Format: Article
Language:English
Subjects:
Companies
Entrepreneurship
Intellectual property
Knowledge
Market positioning
Polls & surveys
Product development
Publishing
Studies
SYMPOSIUM
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Summary:Based on a national survey of publicly funded research projects at entrepreneurial firms, nearly 50% of the funded projects lead to publications relating to underlying research, an effect more pronounced among university-affiliated firms. The fact that knowledge-intensive entrepreneurial firms publish their innovative ideas seems counterintuitive because publishing discloses ideas important to their market position. The literature holds at least two explanations for why such firms publish: Firms use competitive publication logic to invalidate or preempt intellectual property protection, and (more recently) scholarship holds that entrepreneurial firms use accretive publication logic to attract financial resources, enhance the reputation of in-house scientists, and obtain new technologies critical to the development of new products. After offering explanations as to why knowledge-intensive entrepreneurial firms publish, we examine the benefits and costs of doing so, examine under which conditions firms should publish, and articulate implications for future research.
ISSN:1558-9080
1943-4529
DOI:10.5465/amp.2016.0128