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Opportunity Knocks

Thomas B. Astebro

HEC Paris - Strategy & Business Policy

Kristina Dahlin

HEC Paris - Strategy & Business Policy

February 22, 2005

Research on technological opportunity has typically focused on the impact of broad industry characteristics on R&D intensity of firms. This study complements such approaches by examining the impact of a multidimensional vector that measures technological opportunity on independent inventors' decisions to patent and commercialize inventions. Using data from 559 inventions and controlling for demand, appropriability, and competitive conditions, we found two of four tested dimensions of technological opportunity - technical performance and technical uncertainty - to be significant and important determinants of the likelihood of commercialization. Technical feasibility appears important in affecting patenting but unimportant in affecting commercialization. Technical significance carries a negative, although insignificant, sign conditioning commercialization.

Number of Pages in PDF File: 33

Keywords: Technological opportunity, invention, commercialization

JEL Classification: O33, O34

working papers series

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Date posted: October 26, 2004  

Suggested Citation

Astebro, Thomas B. and Dahlin, Kristina, Opportunity Knocks (February 22, 2005). Available at SSRN: http://ssrn.com/abstract=609421 or http://dx.doi.org/10.2139/ssrn.609421

Contact Information

Thomas Astebro (Contact Author)
HEC Paris (Groupe HEC) - Strategy & Business Policy ( email )
Jouy-en-Josas Cedex, 78351

Kristina B. Dahlin
HEC Paris (Groupe HEC) - Strategy & Business Policy ( email )
Jouy-en-Josas Cedex, 78351

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References:  46
Citations:  4

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