ENGLISH

Principal Investigators and R&D Failure : Probability of Innovation Failure in Small Business

By Morgan Boyce

Book information

Publisher
Springer Nature Switzerland
Year
2023
ISBN
9783031436079, 9783031436086
DOI
10.1007/978-3-031-43608-6
ISSN
2523-7012
Language
english
Format
PDF
Filesize
3 MB (3433309 bytes)
Series
Academic Entrepreneurship, Scientists, and Scientific Careers
Edition
1
Pages
xiii; 122\124
Topic
Business\\Management
Orientation
yes
Scanned
no
Time added
2023-11-17 00:51:00
Business and Managementgeneral; Economicsgeneral; Small Business ; R&D projects; Principal

Description

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.

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