Using What You Know: Patented Knowledge in Incumbent Firms and Employee Entrepreneurship

Published Online:https://doi.org/10.1287/orsc.2014.0937

References

  • Agarwal R, Ganco M, Ziedonis RH (2009) Reputations for toughness in patent enforcement: Implications for knowledge spillovers via inventor mobility. Strategic Management J. 30(13):1349–1374.CrossrefGoogle Scholar
  • Agarwal R, Echambadi R, Franco AM, Sarkar MB (2004) Knowledge transfer through inheritance: Spin-out generation, growth, and survival. Acad. Management J. 47(4):501–522.CrossrefGoogle Scholar
  • Alchian AA, Demsetz H (1972) Production, information costs, and economic organization. Amer. Econom. Rev. 62(5):777–795.Google Scholar
  • Allison JR, Lemley MA, Moore KA, Trunkey RD (2004) Valuable patents. Georgetown Law J. 92:435–441.Google Scholar
  • Anton J, Yao D (1995) Start-ups, spinoffs, and internal projects. J. Law Econom. Organ. 11(2):362–378.Google Scholar
  • Arora A, Gambardella A (2010) Ideas for rent: An overview of markets for technology. Indust. Corporate Change 19(3):775–803.CrossrefGoogle Scholar
  • Arora A, Gambardella A, Magazzini L, Pammolli F (2009) A breath of fresh air? Firm type, scale, scope, and selection effects in drug development. Management Sci. 55(10):1638–1653.LinkGoogle Scholar
  • Bercovitz J, Feldman M (2011) The mechanisms of collaboration in inventive teams: Composition, social networks, and geography. Res. Policy 40(1):81–93.CrossrefGoogle Scholar
  • Bhide A (1994) How entrepreneurs craft strategies that work. Harvard Bus. Rev. 72(2):150–161.Google Scholar
  • Braguinsky S, Klepper S, Ohyama A (2012) High-tech entrepreneurship. J. Law, Econom. Organ. 55(4):869–900.CrossrefGoogle Scholar
  • Busenitz LW, Barney JB (1997) Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making. J. Bus. Venturing 12(1):9–30.CrossrefGoogle Scholar
  • Camerer C, Lovallo D (1999) Overconfidence and excess entry: An experimental approach. Amer. Econom. Rev. 89(1):306–318.CrossrefGoogle Scholar
  • Campbell BA, Coff RW, Kryscynski D (2012a) Re-thinking competitive advantage from human capital. Acad. Management Rev. 37(3): 376–395.CrossrefGoogle Scholar
  • Campbell BA, Ganco M, Franco AM, Agarwal R (2012b) Who leaves, to go where, and does it matter: Employee mobility, entrepreneurship and effects on source firm performance. Strategic Management J. 33(1):65–87.CrossrefGoogle Scholar
  • Carnahan S, Agarwal R, Campbell BA (2012) Heterogeneity in turnover: The effect of relative compensation dispersion of firms on the mobility and entrepreneurship of extreme performers. Strategic Management J. 33(12):1411–1430.CrossrefGoogle Scholar
  • Cassar G (2010) Are individuals entering self-employment overly optimistic? An empirical test of plans and projections on nascent entrepreneur expectations. Strategic Management J. 31(8):822–840.Google Scholar
  • Cassiman B, Ueda M (2006) Optimal project rejection and new firm start-ups. Management Sci. 52(2):262–275.LinkGoogle Scholar
  • Chai S, Fleming L (2011) Emergence of breakthroughs. DIME-DRUID Acad. Winter Conf. 2011, Aalborg, Denmark.Google Scholar
  • Chatterji AK (2009) Spawned with a silver spoon? Entrepreneurial performance and innovation in the medical device industry. Strategic Management J. 30(2):185–206.CrossrefGoogle Scholar
  • Chen M-J, Hambrick DC (1995) Speed, stealth, and selective attack: How small firms differ from large firms in competitive behavior. Acad. Management J. 38(2):453–482.CrossrefGoogle Scholar
  • Coff RW (1997) Human assets and management dilemmas: Coping with hazards on the road to resource-based theory. Acad. Management Rev. 22(2):374–402.CrossrefGoogle Scholar
  • Cohen WM, Nelson RR, Walsh J (1996) A first look at the results of the 1994 Carnegie-Mellon Survey of Industrial R&D in the U.S. Manufacturing Sector. Working paper, Carnegie Mellon University, Pittsburgh.Google Scholar
  • Dosi G, Grazzi M (2010) On the nature of technologies: Knowledge, procedures, artifacts and production inputs. Cambridge J. Econom. 34(1):173–184.CrossrefGoogle Scholar
  • Dushnitsky G (2010) Entrepreneurial optimism in the market for technology inventions. Organ. Sci. 21(1):150–167.LinkGoogle Scholar
  • Dushnitsky G, Klueter T (2010) Is there an eBay for ideas? Insights from online knowledge marketplaces. Eur. Management Rev. 8(1):17–32.CrossrefGoogle Scholar
  • Elfenbein DW, Hamilton BH, Zenger TR (2010) The small firm effect and the entrepreneurial spawning of scientists and engineers. Management Sci. 56(4):659–681.LinkGoogle Scholar
  • Figueroa N, Serrano CJ (2013) Patent trading flows of small and large firms. NBER Working Paper 18982, National Bureau of Economic Research, Cambridge, MA.CrossrefGoogle Scholar
  • Fleming L, Sorenson O (2001) Technology as a complex adaptive system: Evidence from patent data. Res. Policy 30(7):1019–1039.CrossrefGoogle Scholar
  • Forbes DP (2005) Are some entrepreneurs more overconfident than others? J. Bus. Venturing 20(5):623–640.CrossrefGoogle Scholar
  • Franco AM, Filson D (2006) Spin-outs: Knowledge diffusion through employee mobility. RAND J. Econom. 37(4):841–860.CrossrefGoogle Scholar
  • Freeman J, Engel JS (2007) Models of innovation. Calif. Management Rev. 50(1):94–119.CrossrefGoogle Scholar
  • Gambardella A, Harhoff D, Verspagen B (2008) The value of European patents. Eur. Management Rev. 5(2):69–84.CrossrefGoogle Scholar
  • Ganco M (2013) Cutting the Gordian knot: The effect of knowledge complexity on employee mobility and entrepreneurship. Strategic Management J. 34(6):666–686.CrossrefGoogle Scholar
  • Gans JS, Stern S (2003) The product market and the market for “ideas”: Commercialization strategies for technology entrepreneurs. Res. Policy 32(2):333–350.CrossrefGoogle Scholar
  • Garvin DA (1983) Spin-offs and the new firm formation process. Calif. Management Rev. 25(2):3–20.CrossrefGoogle Scholar
  • Gavetti G, Levinthal D (2000) Looking forward and looking backward: Cognitive and experiential search. Admin. Sci. Quart. 45(1):113–137.CrossrefGoogle Scholar
  • Giuri P, Mariani M, Brusoni S, Crespi G, Francoz D, Gambardella A, Garcia-Fontes Wet al. (2007) Inventors and invention processes in Europe: Results from the PatVal-EU survey. Res. Policy 36(8):1107–1127.CrossrefGoogle Scholar
  • Gompers P, Lerner J, Scharfstein D (2005) Entrepreneurial spawning: Public corporations and the genesis of new ventures, 1986 to 1999. J. Finance 60(2):577–614.CrossrefGoogle Scholar
  • Grant RM (1996) Toward a knowledge-based theory of the firm. Strategic Management J. 17(S2):109–122.CrossrefGoogle Scholar
  • Groysberg B, Nanda A, Prats M (2009) Does individual performance affect entrepreneurial mobility? Empirical evidence from the financial analysts market. J. Financial Transformation 25(March):95–106.Google Scholar
  • Gruber M, Harhoff D, Hoisl K (2013) Knowledge recombination across technological boundaries: Scientists vs. engineers. Management Sci. 59(4):837–851.LinkGoogle Scholar
  • Hellmann T, Perotti E (2011) The circulation of ideas in firms and markets. Management Sci. 57(10):1813–1826.LinkGoogle Scholar
  • Hoetker G (2007) The use of logit and probit models in strategic management research: Critical issues. Strategic Management J. 28(4): 331–343.CrossrefGoogle Scholar
  • Hoetker G, Agarwal R (2007) Death hurts, but it isn’t fatal: The post exit diffusion of knowledge created by innovative companies. Acad. Management J. 50(2):446–467.CrossrefGoogle Scholar
  • Hoisl K (2007) Tracing mobile inventors: The causality between inventor mobility and inventor productivity. Res. Policy 36(5):619–636.CrossrefGoogle Scholar
  • Jensen R, Thursby M (2001) Proofs and prototypes for sale: The licensing of university inventions. Amer. Econom. Rev. 91(1):240–259.CrossrefGoogle Scholar
  • Kacperczyk AJ (2012) Opportunity structures in established firms: Entrepreneurship versus intrapreneurship in mutual funds: Evidence about alternative. Admin. Sci. Quart. 57(3):484–521.CrossrefGoogle Scholar
  • Kani M, Motohashi K (2012) Understanding the technology market for patents: New insights from a licensing survey of Japanese firms. Res. Policy 41(1):226–235.CrossrefGoogle Scholar
  • Kim J, Marschke G (2005) Labor mobility of scientists, technological diffusion, and the firm’s patenting decision. RAND J. Econom. 36(2):298–317.Google Scholar
  • Klein B, Crawford RG, Alchian AA (1978) Vertical integration, appropriable rents, and the competitive contracting process. J. Law Econom. 21(2):297–326.CrossrefGoogle Scholar
  • Klepper S, Sleeper S (2005) Entry by spinoffs. Management Sci. 51(8): 1291–1306.LinkGoogle Scholar
  • Klepper S, Thompson P (2010) Disagreements and intra-industry spinoffs. Internat. J. Indust. Organ. 28(5):526–538.CrossrefGoogle Scholar
  • Kogut B, Zander U (1996) What firms do? Coordination, identity, and learning. Organ. Sci. 7(5):502–518.LinkGoogle Scholar
  • Lanjouw JO, Schankerman M (2004) Characteristics of patent litigation: A window on competition. RAND J. Econom. 32(1):129–151.CrossrefGoogle Scholar
  • Lazear EP (2005) Entrepreneurship. J. Labor Econom. 23(4):649–680.CrossrefGoogle Scholar
  • Lerner J, Malmendier U (2011) With a little help from my (random) friends: Success and failure in post-business school entrepreneurship. NBER Working Paper 16918, National Bureau of Economic Research, Cambridge, MA.Google Scholar
  • Lowe RA, Ziedonis AA (2006) Overoptimism and the performance of entrepreneurial firms. Management Sci. 52(2):173–186.LinkGoogle Scholar
  • Marengo L, Pasquali C (2012) How to get what you want when you do not know what you want: A model of incentives, organizational structure, and learning. Organ. Sci. 23(5):1298–1310.LinkGoogle Scholar
  • Marx M, Strumsky D, Fleming L (2009) Mobility, skills, and the Michigan noncompete experiment. Management Sci. 55(6):875–889.LinkGoogle Scholar
  • Moore G, Davis K (2004) Learning the Silicon Valley way. Bresnahan T, Gambardella A, eds. Building High-Tech Clusters: Silicon Valleys and Beyond (Cambridge University Press, Cambridge, UK), 7–39.CrossrefGoogle Scholar
  • Moore KP, Michel PR, Lupo RV (1999) Patent Litigation and Strategy (West Group, Minneapolis).Google Scholar
  • Nickerson JA, Zenger TR (2004) A knowledge-based theory of the firm: A problem-solving perspective. Organ. Sci. 15(6):617–632.LinkGoogle Scholar
  • Nonaka I (1994) A dynamic theory of organizational knowledge creation. Organ. Sci. 5(1):14–37.LinkGoogle Scholar
  • OECD (2002) Frascati Manual: Proposed Standard Practice for Surveys on Research and Experimental Development, The Measurement of Scientific and Technological Activities (OECD Publishing, Paris).CrossrefGoogle Scholar
  • Palomeras N, Melero E (2010) Markets for inventors: Learning-by-hiring as a driver of mobility. Management Sci. 56(5):881–895.LinkGoogle Scholar
  • Phillips DJ (2002) A genealogical approach to organizational life chances: The parent-progeny transfer among Silicon Valley law firms, 1946–1996. Admin. Sci. Quart. 47(3):474–506.CrossrefGoogle Scholar
  • Roach M, Sauermann H (2010) A taste for science? Ph.D. scientists’ academic orientation and self-selection into research careers in industry. Res. Policy 39(3):422–434.CrossrefGoogle Scholar
  • Sauermann H, Cohen WM (2010) What makes them tick? Employee motives and firm innovation. Management Sci. 56(12):2134–2153.LinkGoogle Scholar
  • Saxenian AL (1996) Regional Advantage: Culture and Competition in the Silicon Valley and Route 128 (Harvard University Press, Cambridge, MA).Google Scholar
  • Schilling MA, Green E (2011) Recombinant search and breakthrough idea generation: An analysis of high impact papers in the social sciences. Res. Policy 40(10):1321–1331.CrossrefGoogle Scholar
  • Shane S (2000) Prior knowledge and the discovery of entrepreneurial opportunities. Organ. Sci. 11(4):448–469.LinkGoogle Scholar
  • Siggelkow N (2002) Evolution toward fit. Admin. Sci. Quart. 47(1): 125–159.CrossrefGoogle Scholar
  • Singh J (2008) Distributed R&D, cross-regional knowledge integration and quality of innovative output. Res. Policy 37(1):77–96.CrossrefGoogle Scholar
  • Singh J, Fleming L (2010) Lone inventors as sources of breakthroughs: Myth or reality? Management Sci. 56(1):41–56.LinkGoogle Scholar
  • Sørensen JB (2007) Bureaucracy and entrepreneurship: Workplace effects on entrepreneurial entry. Admin. Sci. Quart. 52(3):387–412.CrossrefGoogle Scholar
  • Sørensen JB, Fassiotto MA (2011) Organizations as fonts of entrepreneurship. Organ. Sci. 22(5):1322–1331.LinkGoogle Scholar
  • Sørensen JB, Phillips DJ (2011) Competence and commitment: Employer size and entrepreneurial endurance. Indust. Corporate Change 20(5): 1277–1304.CrossrefGoogle Scholar
  • Sorenson O, Rivkin J, Fleming L (2006) Complexity, networks and knowledge flow. Res. Policy 35(7):994–1017.CrossrefGoogle Scholar
  • Stuart TE, Sorenson O (2003) Liquidity events and the geographic distribution of entrepreneurial activity. Admin. Sci. Quart. 48(2):175–201.CrossrefGoogle Scholar
  • Teece DJ (1986) Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy. Res. Policy 15(6):285–305.CrossrefGoogle Scholar
  • Teece D (2003) Knowledge and competence as strategic assets. Holsapple CW, ed. Handbook on Knowledge Management 1: Knowledge Matters (Springer-Verlag, Berlin), 129–152.Google Scholar
  • Toh PK, Kim T (2013) Why put all your eggs in one basket? A competition-based view of how technological uncertainty affects a firm’s technological specialization. Organ. Sci. 24(4):1214–1236.LinkGoogle Scholar
  • Tripsas M, Gavetti G (2000) Capabilities, cognition, and inertia: Evidence from digital imaging. Strategic Management J. 21(10–11): 1147–1161.CrossrefGoogle Scholar
  • van Pottelsberghe B (2009) Lost property: The European patent system and why it doesn’t work. Bruegel Blueprint 9, Bruegel, Brussels.Google Scholar
  • van Pottelsberghe de la Potterie B, van Zeebroeck N (2008) A brief history of space and time: The scope-year index as a patent value indicator based on families and renewals. Scientometrics 75(2):319–338.CrossrefGoogle Scholar
  • Wezel FC, Cattani G, Pennings JM (2006) Competitive implications of interfirm mobility. Organ. Sci. 17(6):691–709.LinkGoogle Scholar
  • Williams C (2007) Transfer in context: Replication and adaptation in knowledge transfer relationships. Strategic Management J. 28(9): 867–889.CrossrefGoogle Scholar
  • Ziedonis RH (2003) Patent litigation in the semiconductor industry. Cohen W, Merrill S, eds. Patents in the Knowledge-Based Economy (National Academies Press, Washington, DC), 180–215.Google Scholar
  • Zuniga P, Guellec D (2009) Who licenses out patents and why? Lessons from a business survey. OECD Science Technology and Industry Working Paper 2009/05, OECD, Paris.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.