Science and industry evolution: evidence from the first 50 years of the German laser industry
Small Business Economics(2018)
摘要
Industry evolution is driven by innovation. Scientific research is an important source of innovation-relevant knowledge. To trace its impact on industry evolution, we follow the entry and exit of firms from various backgrounds over the first five decades of the German laser industry. We find that academic startups became increasingly competitive after substantial changes were introduced to the governance of university-industry relationships. Their enhanced performance helps explain why no shakeout in firm numbers has been observed to date. Doctorate-holding inventors contributed to the performance of entrants, indicating that the impact of scientific knowledge on industry evolution goes beyond academic entrepreneurship.
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关键词
Industry evolution,Scientific knowledge,Academic entrepreneurship,Doctoral training,Laser
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