Principal Investigators and R&D Failure di Morgan Boyce edito da Springer International Publishing
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Principal Investigators and R&D Failure

Probability of Innovation Failure in Small Business

EAN:

9783031436079

ISBN:

3031436075

Pagine:
136
Formato:
Hardback
Lingua:
Tedesco
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Descrizione Principal Investigators and R&D Failure

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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