The impact of old technologies on innovation: the case of the US biotechnology industry

Petruzzelli, Antonio Messeni, Rotolo, Daniele and Albino, Vito (2012) The impact of old technologies on innovation: the case of the US biotechnology industry. Technology Analysis and Strategic Management, 24 (5). pp. 453-466. ISSN 0953-7325

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Abstract

This paper investigates the implications of a technology sourcing strategy maintaining a focus on the rediscovery of old technologies. Specifically, we study the different impact exerted by old technological solutions, distinguished on the basis of their organisational and industrial origins, on the innovation value. We develop a set of hypotheses about the impact exerted by four distinct types of old technological solutions (firm core technological heritage, firm lateral technological heritage, competitors’ technological heritage and others’ technological heritage) and test them on a sample of 1189 biotechnology patents registered at the US Patent and Trademark Office from 1979 to 2002. Results strongly support our hypotheses, revealing that: (1) using both firm core technological heritage and others’ technological heritage has an inverted U-shaped effect on innovation value; (2) employing firm lateral technological heritage is positively related to innovation value; (3) a negative relationship occurs between competitors’ core technological heritage and the value of subsequent innovations.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: Daniele Rotolo
Date Deposited: 27 Apr 2012 14:52
Last Modified: 30 Nov 2015 14:48
URI: http://sro.sussex.ac.uk/id/eprint/38837
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