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Purposive Diversification of R and D in Manufacturing

Author

Listed:
  • Scott, John T
  • Pascoe, George
Abstract
R&D diversification in large U.S. manufacturing firms is found to be purposive, exploiting complementarities of research activities and forming groups of related industry categories. Purposively divers ified firms behave differently from randomly diversified or undiversi fied firms. The behavioral differences result because the purposively diversified firms allocate relatively more R&D funds to industry cat egories where appropriation of the returns from R&D is relatively eas y. R&D expenditure and productivity are more closely linked at the gr oup level than at the industry-category level, suggesting spillovers across industry categories are important. Copyright 1987 by Blackwell Publishing Ltd.

Suggested Citation

  • Scott, John T & Pascoe, George, 1987. "Purposive Diversification of R and D in Manufacturing," Journal of Industrial Economics, Wiley Blackwell, vol. 36(2), pages 193-205, December.
    • Handle: RePEc:bla:jindec:v:36:y:1987:i:2:p:193-205
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    Citations

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    Cited by:

    1. John Scott, 2000. "The Directions for Technological Change: Alternative Economic Majorities and Opportunity Costs," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 17(1), pages 1-16, August.
    2. Dibiaggio, Ludovic & Nasiriyar, Maryam & Nesta, Lionel, 2014. "Substitutability and complementarity of technological knowledge and the inventive performance of semiconductor companies," Research Policy, Elsevier, vol. 43(9), pages 1582-1593.
    3. Albert Link & John Scott, 2002. "Explaining Observed Licensing Agreements: Toward a Broader Understanding of Technology Flows," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(3), pages 211-231.
    4. Nesta, Lionel, 2008. "Knowledge and productivity in the world's largest manufacturing corporations," Journal of Economic Behavior & Organization, Elsevier, vol. 67(3-4), pages 886-902, September.
    5. Brian S. Silverman, 1999. "Technological Resources and the Direction of Corporate Diversification: Toward an Integration of the Resource-Based View and Transaction Cost Economics," Management Science, INFORMS, vol. 45(8), pages 1109-1124, August.
    6. repec:spo:wpmain:info:hdl:2441/43aq8ffdqb82sbffkv69bt1eaa is not listed on IDEAS
    7. Lim, Jee-Hae & Stratopoulos, Theophanis C. & Wirjanto, Tony S., 2012. "Role of IT executives in the firm's ability to achieve competitive advantage through IT capability," International Journal of Accounting Information Systems, Elsevier, vol. 13(1), pages 21-40.
    8. Davide Vannoni, 2000. "Diversification, the Resource View and Productivity: Evidence from Italian Manufacturing Firms," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 27(1), pages 47-63, March.
    9. Rodriguez-Duarte, Antonio & Sandulli, Francesco D. & Minguela-Rata, Beatriz & Lopez-Sanchez, Jose Ignacio, 2007. "The endogenous relationship between innovation and diversification, and the impact of technological resources on the form of diversification," Research Policy, Elsevier, vol. 36(5), pages 652-664, June.
    10. Nicholas Vonortas, 1999. "How do Participants in Research Joint Ventures Diversify?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 15(3), pages 263-281, November.
    11. Lionel Nesta, 2005. "Knowledge and Productivity in the World's Largest Manufacturing Corporations Level:Panel Data analysis on Compustat and Patent data," Documents de Travail de l'OFCE 2005-17, Observatoire Francais des Conjonctures Economiques (OFCE).
    12. Santangelo, Grazia D., 2001. "The impact of the information and communications technology revolution on the internationalisation of corporate technology," International Business Review, Elsevier, vol. 10(6), pages 701-726, December.
    13. Cohen, Wesley M., 2010. "Fifty Years of Empirical Studies of Innovative Activity and Performance," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 129-213, Elsevier.
    14. Lionel Nesta & Pier-Paolo Saviotti, 2003. "Intangible Assests and Market Value: Evidence from Biotechnology Firms," SPRU Working Paper Series 87, SPRU - Science Policy Research Unit, University of Sussex Business School.
    15. Wang, Heli & Chen, Wei-Ru, 2010. "Is firm-specific innovation associated with greater value appropriation? The roles of environmental dynamism and technological diversity," Research Policy, Elsevier, vol. 39(1), pages 141-154, February.
    16. Schmiedeberg, Claudia, 2008. "Complementarities of innovation activities: An empirical analysis of the German manufacturing sector," Research Policy, Elsevier, vol. 37(9), pages 1492-1503, October.
    17. Giulio Bottazzi & Tatiana Plotnikova, 2010. "Productivity and Heterogeneous Knowledge: Exploring the Relationship in a Sample of Drug Developers," Jena Economics Research Papers 2010-044, Friedrich-Schiller-University Jena.
    18. Luisa R. Blanco & Ji Gu & James E. Prieger, 2016. "The Impact of Research and Development on Economic Growth and Productivity in the U.S. States," Southern Economic Journal, John Wiley & Sons, vol. 82(3), pages 914-934, January.
    19. repec:hal:spmain:info:hdl:2441/43aq8ffdqb82sbffkv69bt1eaa is not listed on IDEAS
    20. Lee, Seung-Hyun & Beamish, Paul W. & Lee, Ho-Uk & Park, Jong-Hun, 2009. "Strategic choice during economic crisis: Domestic market position, organizational capabilities and export flexibility," Journal of World Business, Elsevier, vol. 44(1), pages 1-15, January.

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