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Technological diversification within UK's small serial innovators

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Corradini , C., Demirel , P. and Battisti, Giuliana (2016) Technological diversification within UK's small serial innovators. Small Business Economics, 47 (1). pp. 163-177. doi:10.1007/s11187-015-9698-1

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Official URL: http://dx.doi.org/10.1007/s11187-015-9698-1

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Abstract

This paper investigates the determinants of technological diversification amongst UK’s small serial innovators (SSIs). Using a longitudinal study of 339 UK-based small businesses accounting for almost 7000 patents between 1990-2006, this study constitutes the first empirical examination of technological diversification amongst SMEs in the literature. Results demonstrate that technological diversification is not solely a large-firm activity, challenging the dominant view that innovative SMEs are extremely focused and specialised players with little technological diversification. Our findings suggest a non-linear (i.e. inverse-U shaped) relationship between the level of technological opportunities in the environment and the SSIs’ degree of technological diversification. This points to a trade-off between processes of exploration and exploitation across increasingly volatile technology regimes. The paper also demonstrates that small firms with impactful innovations focus their innovative activity around similar technological capabilities while firms that have introduced platform technologies in the past are more likely to engage in technological diversification.

Item Type: Journal Article
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Social Sciences > Warwick Business School
Library of Congress Subject Headings (LCSH): Great Britain -- Small business -- Patents, Great Britain -- Small business -- Technological innovations, Great Britain -- Diversification in industry
Journal or Publication Title: Small Business Economics
Publisher: Springer New York LLC
ISSN: 0921-898X
Official Date: June 2016
Dates:
DateEvent
June 2016Published
30 January 2016Available
29 December 2015Accepted
Volume: 47
Number: 1
Page Range: pp. 163-177
DOI: 10.1007/s11187-015-9698-1
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Open Access

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