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Effects of Innovation Characteristics on Spillover: An Empirical Evidence from US Semiconductor Industry

기술혁신의 특성이 파급효과에 미치는 영향에 대한 분석: 반도체산업의 실증분석

  • Received : 2017.03.03
  • Accepted : 2017.06.09
  • Published : 2017.06.30

Abstract

Technology innovation is regarded as the quintessential process to acquire a competitive advantage. This is especially true in high-tech industries, and firms that recognize the importance of technological innovation concentrate their capacities on developing new technologies, new products, and new processes. In general, such research requires many resources, but not all technological breakthroughs are followed by positive feedbacks. Consequently, the firms in high-tech industries are compelled to find new directions in acquiring technologies. This study examines the factors that influence technological innovation and empirically tests the effect these factors have on its diffusion. Radicality, discontinuity, and exploitation/exploration were selected as the factors from the previous literature on technological innovation and organizational learning. For the empirical test, patent data from the US semiconductor industry were used to describe innovation activities from various fields. From the result, these three factors (Ed- is this what you mean, i.e., radicality, discontinuity, and exploitation/exploration?)were found to have significant meaning as proxies for the diffusion of technological innovation.

Keywords

Diffusion effect;Discontinuity;Exploitation;Exploration;Patent;Radical;Technology innovation

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