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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
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 | ||||||||
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| 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: |
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| 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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