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Research Seminar with Andrea Patacconi
October 26, 2015 @ 12:00 am - 1:15 pm
“Killing the golden goose? The decline of science in corporate R&D”
c knowledge is believed to be the wellspring of innovation. Historically, fi
rms have also invested in research to fuel innovation and growth. In this paper, we document a shift away from scienti
c research by large corporations between 1980 and 2007. We fi
nd that publications by company scientists have declined over time in a range of industries. We also
find that the value attributable to scientfi
c research has dropped, whereas the value attributable to technical
knowledge (as measured by patents) has remained stable. These effects appear to be associated with globalization and narrower firm scope, rather than changes in publication practices or a decline in the usefulness of science as an input into innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the scienti c capabilities). These findings have important implications for both public policy and management.
Bio in brief:
Andrea Pattacconi joined Norwich Business School in 2013 as a Lecturer in Business and Management. He moved from the University of Aberdeen Business School where he held the position of Sixth Century Lecturer in Economics and Management. Prior to that, he was a British Academy Postdoctoral Fellow at Oxford University. Andrea holds a BA in Economics from Bologna University (summa cum laude) and a Ph.D. in Economics from Oxford University.
His research interests are in strategic management and organizational economics. His research focuses on “hybrid” organizational forms (business groups and strategic alliances), hierarchical decentralization, internal resource allocation, and innovation management. He is especially interested in receiving applications from prospective Ph.D. students in the areas of organization design and competitive strategy.